Nov
22
Should employers consider credit reports as part of the hiring process?
Filed Under Financial Services
Art asked:
The CostCo Connection published an article discussing that taking into account credit reports is beginning to be a common practice in many regions.
I think they shouldn’t be considered. This could maybe lead to problems of identity theft and don’t see what a credit report has to do with an employment.
What do you think?
BRADFORD
The CostCo Connection published an article discussing that taking into account credit reports is beginning to be a common practice in many regions.
I think they shouldn’t be considered. This could maybe lead to problems of identity theft and don’t see what a credit report has to do with an employment.
What do you think?
BRADFORD
Comments
4 Responses to “Should employers consider credit reports as part of the hiring process?”
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is good to use credit checks, it’s good
An employee handling money or accounts who is under a large amount of debt may be tempted to skim a little, or a lot. All else being equal, an employer goes with the applicant with the better credit since they’re a lower theft/embezzlement risk.
Someone with a history of late payments or is in serious debt can be a risk when employed in a position where money is handled. There is a risk of theft, and someone who is late on their payments or has extreme debt is statistically more likely to steal. I think it should be common practice, and HR personnel are trained so there is no risk of identity theft.
why do you think they ask for your social security number when you apply…you haven’t been hired yet so it’s not for taxes…credit reports and background checks.
Sorry but bad credit shows a lack of responsibility to your own obligations so why would I want to put my (as a business owner) obligations in your hands if you aren’t capable of handling your own?