View Poll Results: Regarding Hiring, Should Companies be able to Check your Credit?

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  • YES! Companies should have the right! Its weeds out bad folks

    14 17.95%
  • NO! My finances should NOT dictate what company hires me!

    47 60.26%
  • YES! In certain circumstances w/ jobs that handle money directly

    28 35.90%
  • Screw you and your Noodle race! Quit asking me things!

    7 8.97%
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Thread: Regarding Hiring, Should Companies be able to Check your Credit?

  1. #21
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    Re: Regarding Hiring, Should Companies be able to Check your Credit?

    Absolutely not. Your credit score is completely irrelevant to your ability to do your job.
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    Re: Regarding Hiring, Should Companies be able to Check your Credit?

    Quote Originally Posted by The Giant Noodle View Post
    Regarding Hiring, Should Companies be able to Check your Credit? Is it THEIR business?
    Even IF bad credit does statistically say you are more likely to steal, should a company know what your personal finances are?

    Why?
    Why NOT?
    A bad credit score says a lot more than whether you are more likely to steal. It tells an employer whether or not he may have to deal with the inconvenience of garnished wages. Whether or not an employee is easily focused on his job, or whether his/her life is filled with drama. Whether or not a person is delinquent in child support payments....certainly a reflection on character. Whether or not an employee has a gambling problem (found that out once through bounced check reports at casinos). Whether or not he/she exercises good judgement. Is responsible.

    I think they're just beginning to pass laws that make it illegal for prospective employers to routinely run credit checks. I've never done it personally. When employers are getting 200 applicants for one job, I don't think it's particularly unreasonable that they use that as one criteria. I do think, if they ARE going to run a credit check, they should have to ask the prospective employee if he would like to comment on anything in their report. In other words, offer an explanation.
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  3. #23
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    Re: Regarding Hiring, Should Companies be able to Check your Credit?

    Quote Originally Posted by molten_dragon View Post
    Absolutely not. Your credit score is completely irrelevant to your ability to do your job.
    I disagree but setting that aside-does an employer have the right to do it even if it is not relevant? again, I say yes. If you don't like an employer checking your credit score, don't apply to work there



  4. #24
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    Re: Regarding Hiring, Should Companies be able to Check your Credit?

    I think yes, but only in certain situations. I think that it should be part of a screening process for jobs that handle huge amounts of money directly or secrets (either private or government). It is a part of a screening process for a government security clearance and private companies like seeing a security clearance for some jobs. But as in a security clearance, it shouldn't be the only consideration (unless you obviously owe more money than the job itself could pay back). Let's face it, if you owe $1M or more and the job only pays $60K a year or less, but has the potential or even temptation of giving you a way to pay your debt off faster, then you are obviously a security risk, even if you are completely honest.
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    Re: Regarding Hiring, Should Companies be able to Check your Credit?

    Regarding Hiring, Should Companies be able to Check your Credit?
    I don't see why not.

    Although in the sorts of jobs I work, I doubt it would be much of an issue.
    It can be assumed that all applicants would probably have bad credit.
    Half the employees are uninsured; if nothing else, they probably have a lot of unpaid medical bills.

  6. #26
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    Re: Regarding Hiring, Should Companies be able to Check your Credit?

    Quote Originally Posted by The Giant Noodle View Post
    Regarding Hiring, Should Companies be able to Check your Credit? Is it THEIR business?
    Even IF bad credit does statistically say you are more likely to steal, should a company know what your personal finances are?

    Why?
    Why NOT?
    I say no. There are *some jobs* in which it's necessary: when you're putting someone in direction control *of* your books and budget and they are money-managing. Money managing skills are either there - or not there.

    BUT - that is not the same as "all jobs that handle money" - cashiers, wait staff - the number of people having jobs that touch-money is quite high. . . but does that matter? The number of people who have jobs that determine *what to do with it* is considerably smaller.

    So - "no" in general unless "money management" is your job.

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  7. #27
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    Re: Regarding Hiring, Should Companies be able to Check your Credit?

    This is something that probably has kept me from a job or two, specifically applying as customer service at Citigroup. I admit, I made quite a few mistakes that has given me a bad credit score, but this is just another ridiculous excuse for companies to hire overseas, and I know quite a few friends personally that got the same job and one actually screwed it up horribly.

  8. #28
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    Re: Regarding Hiring, Should Companies be able to Check your Credit?

    Depends on the situation. I'm a financial professional and every time I contract with a new company my credit is a major deal, it was shown that insurance agents who are going through bankruptcy tend to have ethics issues that affect both clients and companies so it isn't a red flag per se, but it leads to more questions before finalizing a contract. So I do agree that any financial professionals should expect to be credit checked, not so much for other professions.
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  9. #29
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    Re: Regarding Hiring, Should Companies be able to Check your Credit?

    Quote Originally Posted by LaMidRighter View Post
    Depends on the situation. I'm a financial professional and every time I contract with a new company my credit is a major deal, it was shown that insurance agents who are going through bankruptcy tend to have ethics issues that affect both clients and companies so it isn't a red flag per se, but it leads to more questions before finalizing a contract. So I do agree that any financial professionals should expect to be credit checked, not so much for other professions.
    Alright but the job Im talking about you get paid $11/hr and you are calling for collections. Is it really necassary? I think if higher ups in financial insitutions want to find a way to screw the system they will, credit checks or no, and it obviously happens o' plenty.

  10. #30
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    Re: Regarding Hiring, Should Companies be able to Check your Credit?

    Quote Originally Posted by JohnWOlin View Post
    Alright but the job Im talking about you get paid $11/hr and you are calling for collections. Is it really necassary? I think if higher ups in financial insitutions want to find a way to screw the system they will, credit checks or no, and it obviously happens o' plenty.
    I don't think that particular job would really require a credit check on it's face. Maybe for the simple reason that they may have access to certain account info, but that would be about the extent of justification.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

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