Should employers consider credit reports as part of the hiring process?

Question

The CostCo Connection published an article discussing that taking into account credit reports is beginning to be a common practice in many regions.
I think they shouldn't be considered. This could maybe lead to problems of identity theft and don't see what a credit report has to do with an employment.
What do you think?

Answer 1

why do you think they ask for your social security number when you apply...you haven't been hired yet so it's not for taxes...credit reports and background checks.
Sorry but bad credit shows a lack of responsibility to your own obligations so why would I want to put my (as a business owner) obligations in your hands if you aren't capable of handling your own?

Answer 2

so as that they receives an concept of ways properly you cope with your funds, how particular you're, how careful you're with money, and so on. also, if someone has economic difficulty, they is often distracted at artwork and could cope with extra own agency than someone who has issues less than administration. finally, many roles require you to cost agency prices and cope with reimbursements. once you've low credit, you would possibly want to be not likely to flow per week'd properly worth of hotel, a condo motor vehicle, nutrition, and that rush to maximum acceptable purchase for a computer for the presentation at the same time as your's breaks. ***** properly, once you've an emergency fund of three to 6 months properly worth of prices, you may cope with being out of work for a lengthy time period. in case you get an emergency area-time pastime and reduce decrease back, you would possibly want to probable stay a three hundred and sixty 5 days and not using a job once you've strong money skills and an emergency fund and little or no debt. all of it is going decrease back on your credit. when you're as a lot as your neck in debt, you may have difficulty once you're out of work. when you're debt-free except your position and performance an emergency fund, you'll do advantageous and your debt-to-income ratio will mirror that!

Answer 3

Someone with a history of late payments or is in serious debt can be a risk when employed in a position where money is handled. There is a risk of theft, and someone who is late on their payments or has extreme debt is statistically more likely to steal. I think it should be common practice, and HR personnel are trained so there is no risk of identity theft.

Answer 4

An employee handling money or accounts who is under a large amount of debt may be tempted to skim a little, or a lot. All else being equal, an employer goes with the applicant with the better credit since they're a lower theft/embezzlement risk.

Answer 5

is good to use credit checks, it's good