How do employers use credit information in the hiring process?
Asked by landbaby1
When filling an application employers usually require consent to run consumer credit information. What are they looking for? How is the information used? What qualifies or disqualifies a candidate?

Best Answer:
Some people are under the impression that one's credit score is a valid indication of his credibility and trustworthiness. Some employers believe in that crap --- they think someone with a high credit score is more responsible than another with a low score. My take: A score is just a number --- it doesn't tell anything beyond that. Look around you --- there are a lot of people out there who had gone through difficult times (which resulted to their credit rating being screwed) and yet, these people are just as responsible and hard-working as anyone else. Sad but true. Can you get disqualified because of a low credit score? I hope not! Not if you are otherwise qualified for the job/position to begin with. Now if you are applying for a loan, I can clearly see the disapproval because of a low rating.

illegaly
Answered by deezel09

credit reports help to 1) verify that a person is the person the applicant claims they are 2) checks for any legal action (lawsuits, bankruptcies, criminal trials) 3) credit information helps to verify personal responsibility
Answered by Michael W

They think that if you have bad credit you are not responsible and they won't hire you.
Answered by Jim J

Ya allot of Employers seem to be doing credit checks now a days to determine if the candidate is a creditable person.. They believe if your not paying your bills then your a an untrusty person. I totally disapprove with credit checks for jobs. and renting.. In renting ya they should look for evictions but not credit.. Just another way for people to dig into our business!
Answered by JULIE B

I personally refuse to do it because I think they are over the line! However, I can see their point when they will be handing you a company credit card or such. Otherwise, I am totally against it! They claim they can tell what kind of individual you are by your credit history--I say Bullsh!t.
Answered by notaclue