August 24, 2009
Your interviews went well and you have never been arrested but that default on your credit report could prevent you from getting that job.
That is right more and more employers are checking credit reports as a screening technique for hiring. The most common scenario you might hear to why this is allowed is a position which you are directly handling cash transactions. Since your credit report is an indication of how you do handling money in personal life, the company wants to know how you do on your own so they can guess how you will handle theirs.
Beyond the handling of cash, your credit report is an indicator of the overall risk you represent. It is seen more as a measure of your responsibility. If you are completely irresponsible it will show on your credit report and the company is more than likely going to avoid you.
OK, this puts those consumers looking to rebuild in a tough place. They might a default or maybe even a bankruptcy on thier record and this is going to haunted them when they are looking for a job.
Your Credit Score and Employment
Now, don’t be confused and this happens all the time; Employers check your credit report not your credit score. First, this isn’t something they do behind your back. They must have your written permission and you will know. Also, when they request your credit report from the credit bureaus, the copy they get is what as known as an employment report. It is taylored to employers and will not include your credit score.
How to Prepare for Your Interview
Well, I am not giving interview tips, but you should check your credit report before you start scheduling interviews. This helps in two ways. First, you will know where you stand before you even get started. Second, you have a little time to dispute any possible errors on your credit report. This process is not that difficult and may act as a clean up of your credit report if there is a lot of errors.