I constantly hear "oh wow your credit score is awesome for someone your age" when I apply to jobs...what's the point of checking a person's credit...even if a person has debt maybe that's why they're getting the job to get rid of their debt.....do people with bad credit scores actually get turned down for jobs and why?
2007-04-03 12:45:29 · 9 answers · asked by Love always, Kortnei 6 in Business & Finance ➔ Credit
Regardless of the justification for reviewing your credit, commenting about it is not appropriate. If the company is large enough to have an HR department, the hiring manager shouldn't even see your report. They should only be told if your credit history meets the companies standards.
As others have said, 2 main reasons are given. First, good credit histories are considered a sign of responsibility. Second, people with poor credit are considered more likely to steal. Neither is necessarily true, but those are the main reasons given by employers.
2007-04-03 14:16:36 · answer #1 · answered by STEVEN F 7 · 0⤊ 1⤋
More and more employers are checking credit when looking to hire people.
It's not really the fact that the person has debt, unless the debt is extremely high compared to what their past/current income is, it's basically to see how a person handles their finances.
If a person has no credit or has charge offs, judgments, or other types of bad debts, the employer may consider that the person is not a responsible person or is a bad risk.
2007-04-03 12:56:11 · answer #2 · answered by echo 7 · 0⤊ 0⤋
Get a No Cost Background Check Scan at https://bitly.im/aNIdP
Its a sensible way to start. The site allows you to do a no cost scan simply to find out if any sort of data is in existence. A smaller analysis is done without cost. To get a detailed report its a modest payment.
You may not realize how many good reasons there are to try and find out more about the people around you. After all, whether you're talking about new friends, employees, doctors, caretakers for elderly family members, or even significant others, you, as a citizen, have a right to know whether the people you surround yourself with are who they say they are. This goes double in any situation that involves your children, which not only includes teachers and babysitters, but also scout masters, little league coaches and others. Bottom line, if you want to find out more about someone, you should perform a background check.
2016-05-20 11:37:57 · answer #3 · answered by Anonymous · 0⤊ 0⤋
People without financial problems are less likely to be looking to steal it from somewhere else. It is a sign of responsibility as well. If you had the choice of hiring someone who handles their business or not, which would you choose? As well, which person is going to have to take time off of work to handle personal financial issues? "My electric got cut off and I need to go meet with the electric company", then "I paid the bill, now I'll be in late/miss work because I have to be there to let them in to do job "x"." Financial problems do not mean someone is "bad", but employers have to invest a lot of money in the hiring/training arena. You want that to be money well-spent. As well, someone in financial difficulty is also more apt to jump to another job for another 25 cents an hour. Then you get to again run ads, recruit, interview, train... and hope again that they stay. Stability is gold when hiring. Kind of like looking at a resume and seeing someone has had 12 jobs in 10 years, or one job in 10 years.....
2007-04-03 12:59:02 · answer #4 · answered by hankshammers 4 · 0⤊ 0⤋
I run a large company and I never check credit scores. It really has nothing to do with a persons work performance. I would look into the legalities of it in your state.
2007-04-03 12:54:05 · answer #5 · answered by redserif 2 · 0⤊ 0⤋
People with crappy credit for the most part are irresponsible and companies want to know that. Also if they are applying for a job in a financial capacity (handling money, etc.) crappy credit is pretty much for sure a no go.
2007-04-03 14:05:57 · answer #6 · answered by Anonymous · 1⤊ 0⤋
The party line: Companies want to hire responsible people only. If you can't be responsible with your own money, why would they think that you would be responsible with theirs?
The real reason: They just get too many applicants. They are just looking for reasons to reject as many as possible to narrow down the pool.
2007-04-03 12:51:23 · answer #7 · answered by Lisa A 7 · 2⤊ 0⤋
i think of this is valid in some choose cases yet primary I agree that using credit rankings should not be a ingredient in maximum jobs. i will see why they do it, yet they sweep too a lot of human beings into the untrustworthy bin without reason. as properly, the credit status bureaus are exceedingly lots as untrustworthy as they arrive.
2016-11-07 03:53:01 · answer #8 · answered by ? 4 · 0⤊ 0⤋
Because if you owe a BUNCH of money and you work with money you might be tempted to steal
2007-04-03 12:53:59 · answer #9 · answered by space0505 3 · 0⤊ 0⤋