Is it true that employers do credit checks on prospective employees?

Answer 1

Yes, many do but not all yet. Depends on the quality of person and the job they will be doing, handling money and such makes it risky to hire someone that might be in a financial bind, they are more likely to steal from the company....they think this way when hiring for such jobs. Ask them and they have to get your permission to check your report first. Your signature, always read what you are signing.

Answer 2

A lot more is being checked these days. Moreso than ever. It only costs a few dollars for a credit check, criminal record check, etc. The cost of a thorough background check pales when compared to the cost of a bad hire.

Answer 3

It would depend on the nature of the company and the job.
I work for a bank and it is standard practice for all employees to go through a criminal and credit check.

Answer 4

Some do. I never have. The idea is to learn more about the applicant such as deep debt might tempt someone to steal, deep debt might indicate lack of self-control, etc. On the other hand, good credit, low debt might indicate careful, responsible person. Personally, I never put much faith in that type information .

Answer 5

I do a credit check for a couple of reasons. First to see if a pospect is deeply in debt. The other is to see if they pay their bills on time.

If they are deeply in debt I will not run the risk of putting him in a position where he/she handles money. When they pay their bills on time that indicates a certain level of responsibility on their part. Responsibility breeds confidence.

Answer 6

definite it fairly is authentic. yet an enterprise can ask you to your permission for it to get your credit rankings and seem at them. And in case you do no longer provide them permission, they won't hire you. So effectively, seeing your credit rankings will become a topic of employment.

Answer 7

If they are seriously considering you, definitely yes.