i have a great job offer,pay,benefits however they do a background and credit check.this is ridiculous,i'm ok with criminal bg check but why credit check? wouldn't be too good,my credit,bought a car in december but rate on interest is high so idk.why is this necessary??
2007-09-15 19:58:07 · 10 answers · asked by susan e 4 in Business & Finance ➔ Credit
i see but wouldn't be handling money,very expensive jewelry store,lol.guess they think i would plan a heist??
2007-09-15 20:27:18 · update #1
I know they do it for their own protection, but I still think it's a poor indicator of who might be a good employee. If someone ran into some financial trouble and had some bad debt, it doesn't mean they are going to rip them off. I personally think there should only be a very limited number of types of jobs where this should be legal. I think it can be considered a huge invasion of our privacy; however, we do have to give them permission to do it, so it's our choice.
2007-09-16 19:00:25 · answer #1 · answered by RayeKaye 6 · 0⤊ 0⤋
Many employers believe running an employment credit check is an absolute must if the applicant under consideration will be handling money, be disbursing money or equipment, or be placed in a position of financial trust, sighting a possible correlation between high debt and, for instance, the possibility of embezzlement.
Credit history may reveal several qualities of an applicant's financial status, such as debt load and potential debt load. The employment credit report can identify the possibility of financial problems that may adversely affect an applicant's performance on the job.
An employment credit report provides an easy-to-read insight into an applicant's financial responsibility as well as listing any aliases, bankruptcies, liens, judgments, credit cards, loans, mortgages, collections and summaries of the individual's payment patterns. Reports may also contain previous employers and addresses.
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2007-09-15 20:17:24 · answer #2 · answered by Anonymous · 1⤊ 0⤋
You cant blag your way out of it, the checks they do are too comprehensive and even if you give some form of false information this will mean the check will bring up nothing at all, the business will smell a rat and you will not be employed. What is the job you are going to do if it is FSA regulated then they just need to prove you are not bankrupt. If you are dealing with customers in their homes then it totally depends on what you criminal record is, is it spent, how long ago was it. Be completely upfront with the employer, tell them everything(they will find out anyway) and take you chances. if it is a no... go for a job in a different environment until your finances are in better shape.
2016-05-20 23:12:08 · answer #3 · answered by ? 3 · 0⤊ 0⤋
When they look at credit reports, they are looking for financial distress. Especially in jobs where you are handling money or valuable merchandise. Just because you have a lot of credit cards, or are in debt does not mean you are in financial distress. However, if you are in bankrupcy or have defaulted on a number of accounts that could be a problem.
2007-09-16 17:46:14 · answer #4 · answered by Andrew R 2 · 0⤊ 0⤋
Most jobs run credit checks these days. Their feeling is: if you have good credit, you will most likely not feel tempted to steal from them ie: embezzle. If you have bad credit, they feel that that means you have trouble paying your bills and if at some point you feel very desperate for money, you ( even if your a good person) might feel tempted to steal to solve your problems.
2007-09-15 20:06:52 · answer #5 · answered by WENDY S 4 · 0⤊ 0⤋
A credit check is necessary to see if you are trustworthy with money. Most companies do this anyway.
2007-09-16 17:48:09 · answer #6 · answered by Steve R 6 · 0⤊ 0⤋
Many companies are doing this now. Supposedly if you have bad credit you are more likely to steal from them. I think this should be made illegal, as almost everyone goes through a rough patch now and then, and as long as they do not have a criminal record, it should not be allowed.
2007-09-15 20:10:42 · answer #7 · answered by sbyldy 5 · 1⤊ 1⤋
Its so stupid....I agree with you honey. Why would they judge a person just because he/she has bad credit? perhaps the job that that indidual had went sour and the company went bust? I don't think they will flat out tell you anything but if it concerns you, explain it to them if they "indicate" that its an issue. You wont lose anything.
2007-09-15 23:05:52 · answer #8 · answered by 2012 4 · 2⤊ 1⤋
It helps determine how reliable you are. Also if you're deep in debt with late payments they wouldn't want you working with money.
2007-09-15 20:10:41 · answer #9 · answered by HPH 2 · 1⤊ 0⤋
it tells of your character if your a bad credit risk you probably have other character flaws
2007-09-15 20:06:30 · answer #10 · answered by clever1 7 · 0⤊ 0⤋