Stellar Snippets
Employers use credit checks in the hiring process to verify a job candidate's identity, background, and education.
They also use it to gauge the potential candidate's financial responsibility and overall reliability with money.
Employers may use credit report information to look for signs of excessive debt or past financial mismanagement.
Bad credit information on your report could signal the potential for fraud or theft to your potential employer.
Credit checks are typically conducted for positions that involve financial management or access to confidential info.
They can also use credit checks to verify employment history, especially if there is missing employment experience.
Note that not all employers conduct credit checks. It is usually done after a decision to hire is already made.
Employers must inform the applicant that a credit check might be used as part of the employment decision.
The potential employer must also get written permission from the candidate to do the background/credit check.