What does it mean when a potential employer runs my credit history?

Question

Does it mean that I am close to getting the job, or are they running all other candidates info as well?

Answer 1

Normally you would be notified that they have started a background check on you. Did anybody call and tell you that? Or were you told that during your interview? Did they discuss with you that they are going to run one on all the candidates? Typically a company does not go to the expense and effort of a background check on you (including credit history) unless they are pending a job offer to you. Give a call to the company and ask them for an update on the process and if they have filled the position yet.

Answer 2

Potential employers run a credit check for several reasons. First, deliquent bills, in particular charge offs, could provide motivation for an employee to embezzel. Secondly, and most importantly, a persons credit history give an idea of the character of the prospective employee. Often times, the same people who are irresponsible in their financial descisions are the same people who are troublesome in the workplace. Responsible people pay their debt. Responsible employees report to work. Though this is not always accurate, it is a good measuring stick. Used in conjuction with criminal background checks, and in speaking with previous employers, an employer is less likely to hire a bad employee. As a rule, when I hire people, I only do a credit check on my short list of applicants, due to time restraints. I would predict most employers do the same.Good luck.

Answer 3

Hopefully you signed a consent form for a background check (including a credit check.) In this case, you should be close to receiving a job offer - background checks cost $$ and the employer won't want to spend money unless they are pretty sure they have found the applicant they want.

Answer 4

It shows they have some interest in you.
A credit report tells a lot about the attitudes and make up of a person.

A bad credit rating usually means the person is flighty and not to be counted on to work hard and be organized, also a real bad credit rating might brings thoughts of possible future employee theft into the equation.

But some-one who handles credit real well, probably handles the rest of their life and work pretty well too.

Answer 5

You are probably close; however, you may not be the only one. Employers will check your credit to check your dependability and stability. It is a good sign.

Answer 6

Could be either one, but its definitely a good sign. At least you are still in the running. Still this is like the weather - can't really do anything about it so no sense in worrying over it.

Best luck though.

Answer 7

Usually they only run your credit if they are really interested. I don't know how close you are but you definitely made the 1st cut.

Answer 8

it means that they're gonna check out ur credit score..check out ur credit. i think its done on all potential employees. don't get too excited now.

Answer 9

Thats generally done when youre in.....or at least being considered very much.

Answer 10

I would think that it is a good sign.