Why did the company need Fair Credit Report for the people they are hiring?

Question

Don't you think that over the limit of people privacy?? Don't you think the most important thing that the company should look for are the report from DMV office. All they need to know is the worker legal or not right!! Not the Credit behind people's life. Even people don't have good history from old job or had bad credit, as long they are looking for jobs. The Company should be them chance right?!

Answer 1

OOOOOHHHHHHHHHH this question....................................

This is going way to far just for employment. It is none of the employer or employer's business what your credit is. You could have the best of credit but then again be the worst employee or the other way around. Have bad credit and be the best employee that company has even known.

If you are going to be working with the banks and such, you would have to be trustworthy of course.

Driver's License with your picture to prove that is who you are and then Social Security Card. All the information is on your Driver's License except for your phone number. AND if your phone is private, I don't think you should give them that.

Is this question on the application that is filled out?????? If that, then what is next??? geeeessshhhhh

Answer 2

I disagree with savage. A credit report tells nothing about your character, it only says something about how you handle your finances, and what has happened to you financially. I know people with horrible credit - they have lost their jobs in layoffs/downsizing, and the other person had medical issues and didn't have an income for a long time. Do you think they are people with poor character? I think not. If they were going to be a theft liability to an employer simply because they fell on hard times, they would have freaking robbed banks or defrauded someone in check schemes by now. Who the hell wants to go through an interview process just to defraud an employer when there are so many other ways to scheme for money by sitting on your @ss and not bothering with corporate bullsh*t?! Really now... the credit report for getting jobs thing is so overrated, and most of America has a lot of debt, average credit, so frankly, it doesn't make you any better or worse than the next candidate in most cases.

Answer 3

Your credit report will tell alot about your character. Whether or not you are responsible, honest, etc. Put yourself in the hiring position - would you hire just anyone? or do you want the best qualified person for the position? You willing to a chance on having someone in your establishment who may have a tendancy to steal from you? or someone who has a good ethics and a high regard for their responsibilities? Just because there may be a couple blemishes on your credit report doesn't mean that you are bad risk either, but it is a tool that employers can use to help gauge who they want to hire. I have past credit issues, but it has not kept me from obtaining a job. But I have seen some credit reports that shoot fireworks (instead of just red flags). The credit report won't be the ultimate decision maker, but it will give the employer another tool to gauge who you are.

Answer 4

How approximately with the aid of fact the enterprise is pondering hiring you? A credit document is a sturdy indicator of what form of individual you're. Do you pay your expenditures in a well timed way, or will you're taking an criminal accountability and set it aside in case you experience like it? They examine your credit document these days while your vehicle coverage is coming due, and a damaging credit document will develop your fee. particular, that is criminal. No, your credit document isn't inner maximum and guarded. that is an argument of public checklist, and a obtainable gadget for comparing human beings in many circumstances. Landlords can and do seem at it, alongside with any employer finding to make bigger credit to you. stay with it.

Answer 5

Not really. All companies that deal with money (i.e. credit unions, banks, loan companies, etc.) check the credit rating of potential employees. This way, they know they can trust those individuals with the large amounts of cash/credit limits they will be dealing with on a day-to-day basis. It's just another way to keep an honest man honest.

Answer 6

usually this is asked only for higher paying positions, because these positions entitle a lot of responsibility companies ask for credit reports because that is the best way to find out how responsible you really are. If you are generally speaking late with your payments on personal debt or other such matters clearly you are not responsible with your own affairs, therefor it is likely you will not be responsible with those of your employer.