Employers & Credit Checks

[jenbear09]

A friend of mine was applying for a job and was ask for a credit check. I heard that if you have a low credit score that it can tell a lot about you to a future employer.

[adampiotrek34]

Depend on a job position, if you friend want to take a job that require money management, he or she need to have high credit score about 750 because if your friend don't have a good credit score it mean he or she don't know how to manage money in effective way!

If you have low credit score indicate that you don't have a knowledge in managing money and you are in debt, most employer don't want to take a person that have a debt because the person will think more about how to get out of debt than think about how to get a job done quickly and in effective way!

[admin]

I was applying for Stockbroker job 2 weeks ago and you know what the Fico credit score they were require? 800 plus.. from all 3 credit report agency Trasunion, Experian and Equifax, not average of 800 fico score but each of those 3 Credit report agency... so I was have like 798 and they say sorry we can't hire you I ofcourse send a letter to court for discrimination! How can you not hired me if I have almost 800 credit score? because I am old person you can't hire me? those young that seating next to me I am sure they don't have even 700 fico credit score!!

I hate some employer, due to ethics I can't release employer name ... but I can tell you it one of Corporate America Brokerage firms located in New York , Manhattan and the name is...

[luvbunnies42]

I think it's truely wrong to do that.I guess I can understand if your working with money and they need to see how you can manage money but I don't think they should base a job mostly on that.A background check tells more and is a good thing but credit history is alittle ubsurd.

[pranith]

yeah if we have a low credit check then it will tell a lot to us about the future employer.

[moneygirl]

Employer have a right to check your credit score but employer need to have your permission in order to do so.. in a persmission he need to write what is the reason of checking your fico credit score..so you need to allow your employer to check your score..

There are many reason employer check for score fico score.. not fako score.. one of the reason is to find out if you are qualify candidate to manage money and asset if you working in financial business..