Career Advice

Do Employers Check Credit History?

New Job Pursuit 12 January, 2022

When you are applying for jobs, there are several factors you should consider. Not only will employers be checking your references and your past employment, but in some cases, an employer might even check your credit as well. Let's look at why this might be the case.

Why Would Employers Check Credit?

An employer may run a credit check on a prospective employee if you are applying for a position in the finance sector. The way an employee handles their own finances may be a good indicator of how they will handle finances for the company they work for as well.

If you are applying for a job in which you will be handling money, the employer may want to see that you have an upstanding history with money.

What Will An Employer Look For On A Credit Check?

The employer may want to use a credit check in order to check for consistency in your history. A credit check can sometimes alert employers if a person has been involved in identity fraud.

The employer may also be looking to see that you have a healthy relationship with money in your own personal life.

Can I Be Denied A Job Because of My Credit Report?

It is not common that an employer would pass off a prospective employee simply because of their credit report. However, if there are any worrisome details that show up on the report, it could possibly have a negative impact on your job prospects.