Credit Report and Score - Why Do Employers Look at Your Credit Report?

If you're wondering "Why do employers look at yourcheck this way.
credit report?" I'm going to outline the reasons below.Most employers know that your credit report and
Of course it's always good to maintain a good creditcredit history are not going to be reliable factors to
report and score if you possibly can. But there arepredict if you're going to be stealing from them. So
times when it may affect your future employment.they will check your criminal history to see if you have
And you want to know this in advance so you'll bebounced any checks. That is a more reliable way for
prepared.them to evaluate you. They will also look for evictions,
First of all most small businesses and small companiesforeclosures, repossessions and collection agencies.
don't do much in the way of background checks. AYour employer or future employer does need your
background check can include checking your creditpermission to check your credit report. If they hire
report, credit score and history, verification of youranother company to do a background check that
identity and your criminal history. Some companies willincludes it, they have to get your written permission
only check your credit report or they may only checkfirst.
your criminal history.If you've applied for a job and lied on your application
If you apply for a job with the federal government,about any recent criminal history or about your identity,
they will check all three of these in a backgroundexperience or your education and your report and
check more than likely.history indicates otherwise, you can count on not
Private businesses, small companies, large companiesgetting the job.
and the federal government will do a more thoroughAll of this is a good reason to check your report at
background check if you're going to be involved inleast twice a year. That will give you time to correct
handling cash or valuables. This would include bankany serious errors on it. These errors or bad marks
tellers and other bank employees, chief financialmay prevent you from getting a job and you may not
officers, controllers, anyone who works for aknow why.
brokerage of any kind and financial institutions orYou can get one copy of your personal, instant, online,
financial-related businesses. Jewelry-related businessesfree, annual credit report each year but a second one
will do very thorough checks because diamonds andyou may have to pay for unless you see a copy that
rare gems can be easily concealed.has been ordered by someone you have given
An employer cannot use bankruptcy as a reason notpermission to when they are verifying your credit
to hire you. Although they may tell you another reason,history.
there is no way to know if it's because of aIf your credit problems, credit report and score and
bankruptcy unless they tell you this. But there is ahistory are not very serious and fairly recent then
federal law that says an employer cannot refuse tomost employers will overlook small marks on your
hire you or promote you or fire you because of areport. Employers want good people and don't want to
bankruptcy.eliminate you because of a late payment or two. So
One of the main reasons an employer wants to seemake sure to get your free report and check it now
your credit report is they want to check yourso you'll know where you stand and clean up and fix
employment history and see if it matches and to verifyyour credit report soon. These are just a few of the
your social security number. If you have applied for areasons that answer the question "why do employers
credit card or loan there may be employmentlook at your credit report?". There are other tips you'll
information and your future employer can doublewant to know before you apply for a job also.