How likely is it that an employer will check your credit report before offering you a position?

Question

For extra points, has anyone you know (or you) been denied for admission to a state's bar due to bad credit (i.e., a charged off student loan)?

Why is the mysterious credit world so scary?

yeah sad h-hole, because there are trailer parks in manhattan. i'm not from your town.

Answer 1

It's scary because it is so easy to get sucked in and then sucked under the tow, so to speak! The more Lucrative the Position, anything Entry Level Management on up, will always check, some care and some are easier about it if you just explain. But Fast Food probably wouldn't because they wouldn't want to pay for the extra expense. Server positions, Positions of that nature, probably would not check. My theory on this is: If you are Meant to Get the Job, You Will. If Not, then You would Probably do Better to Find Another Job Anyway! Some people actually do believe that if you have bills to pay then you are more likely to want to keep your job to pay them, than those who don't have credit issues. Good Luck!

Answer 2

There are more employers checking potential employee's credit before making a job offer. Some feel that a person's credit score tells a lot about them. They can also easily check previous employers. If the job entails handling money then it becomes more critical. I don't know of anyone who has been denied admission to the bar because of a poor credit rating. They could be denied employment working for a law firm. As far as I know, the only reason someone could be denied admission to the bar is if you have a crimminal record, and that may not be an automatic disqualifier. The only time a charged off student loan w]should prevent someone from getting a job would be if that job involved working for the Federal Government. Credit is scary to many people because they don't understand it. Most people have no idea of how a credit score is calculated, even those who regularly use it to make credit decisions. Americans are so fixated on their credit score, but in reality, we would likely all be better off if we waited to make purchases until we had the cash to do it. Although it is difficult to imagine today, until about 40 years ago, credit wasn't widely used in this country. If someone wanted to borrow money, they would go to the bank and get a short term loan. Most would only borrow to purchase a home or car. Credit cards didn't come into vogue until probably the early 1970's. Credit cards are the primary reason so many people get into financial difficulty.

Answer 3

YES, in today's job market if you have a low credit score you can be denied employment.

I do have a friend who passed the bar, but was denied admission to Fl bar with a credit score of 416. She went to the state of Georgia and is a practicing lawyer now.
As for the credit world so scary, well they look at you like, you have overdue bills, charge offs and repos then your not a good person. If you have bad credit then you are also a risk for theft. (yes I was told that in an interview)
I look at it like this, my credit is already a wreck so I do not need to steal to pay bills, if my credit was closer to perfect then I would probably steal to pay my bills to protect my rating.

Answer 4

How about if the employer decides to check credit for one department only and then kicks you out into another department once it comes out that your credit is crap?

Yes, it was highly embarassing and I ended up leaving the company, along with 12 other people out of our 14-member department. It was "only" data entry, which is the sad part. They were worried we would steal customers' identities from the database because of our own bad credit.

Not worth the $10/hour!!

Answer 5

Unlikely. Maybe 20%. You can get sick and owe a bunch of money through no fault of your own.

No, I don't know anyone that's been to that type of bar.
How do you'll give extra points? Does that mean that you are only going to give a best answer on this part of the question?
OK! The rest of you - just answer the middle question. Thank you.

I fell that people don't take the time to understand it - or try to - until it's too late.

Answer 6

Many company do the background check and credit report check for their knowledge. It is not about discrimination, but it is to get to know who is coming to be involved in their company.

Would you invite a stranger in your house just for a dinner?
Of course, we need to know who are we meeting ...

Credit report can predict how responsible you are, nothing more serious than scary. The reality is that the company wants to know you by evidence you left behind, and select you according to their purposes . If we fail giving credibility, how can they trust us with their project, money, and the job to come?

Of course, it is a disadvantage to those who has no income for their bills, and fail to manage to negotiate.

But, the big companies are just looking after their business, not yours or my struggles.

Answer 7

in many situations the expenditures for history/credit verify is paid with the aid of the corporation and is part of doing agency. yet this corporation has determined if he needs this job to cough up the money himself. that is perhaps criminal, and that i have self belief after performed, he might want to get a letter from the employer that did the history verify. it in many situations will state in case you opt for copies of the archives or archives you should contact them w/in 30 days and can want to have a volume to finish that. I under no circumstances did this contained in the previous, yet contained in the destiny if it takes position lower back in a sparkling job, I maximum in all danger will request this, purely so i understand what different employers might want to even see. I advise that once he submits the $19.ninety 5 for the record, he write down the call of the employer, telephone etc, purely in case he does no longer receive a letter so as that he can call them himself.

Answer 8

It seems they all do credit checks now, though they won't deny anyone a job, regardless of credit standing.

Answer 9

Many companies do it. Especially if you work for a bank or work in a company where you are around large sums of money or merchandise.

Answer 10

If you are in a position where you handle money or a position of trust then YES, they will check..