• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

Credit screen a condition of employment.

J

jme5343

Platinum Member
I've applied for a new position with my company, and have been awarded the job pending a background and credit check. It's not a financial institution, but is a quasi management role.

Background is of no concern, no tickets, no jail, no nothing.

For the credit check I have no clue. I pulled my report, and there's nothing on it as far as negative factors. No judgments, no collections, no missed payments in 10+ years. But I DO have a significant amount of revolving debt. I think I'm @ 65% of my limits, so my accounts aren't maxed out.

I also have two homes I'm paying for, but one's covered by a renter, who is in the process of buying it right now. They're not likely to complete the purchase of the home by the time my report's pulled. I have two vehicles with loans, I owe <$4000 and < $6000 and I only owe $24000 on my current home.

So, everything is below what I imagine the national average to be aside from my revolving. Revolving has been accrued slowly from a remodel (followed by a move before we even got to enjoy the new digs) and various other things. Again, all payments are on time, and generally exceed the minimum payment due.

What are they checking for, and any idea what would preclude an applicant?
 
The only thing I have heard they look for is a bunch of negatives like you not paying your bills. So as long as you don't have a history of having things go to collections you will be okay.

Don't worry about the debt part as long as you are paying it.
 
they look for a bad credit history to determine if you'd be a risk for embezzlement, graft, etc, and to a certain extent to see if you financial position would be causing you undue distraction.
 
what MikeyIs4Dcats said
and some industries they need to make sure you have paid your taxes, so no IRS judgements
 
Originally posted by: MixMasterTang
The only thing I have heard they look for is a bunch of negatives like you not paying your bills. So as long as you don't have a history of having things go to collections you will be okay.

Don't worry about the debt part as long as you are paying it.
Click to expand...

Yeah, they basically just want to make sure all your bills are paid on time.
 
The lady at the screening agency I dealt with last year said they look for any bankruptcy or 3 debts in collection >= $7000.
 
Someone with financial problems (bad credit) is more likely to steal from the company. This is required for any positions in finance and accounting.
 
Cool, thanks to everyone. Barring a disaster, I should be debt free in about 5 years, this includes house and everything. Sure sucks now though.
 
You must log in or register to reply here.

TRENDING THREADS

Back
Top