Does credit score affect employment?

Question

do employers check credit scores, and can they deny you a position based on a poor score?

Answer 1

Yes, it can and does affect employment, and here is why: imagine for a moment YOU are the employer looking to fill a position.  Two apparently ideal people have applied, both with the qualifications, experience & attitude you are looking for.  They are all but identical.  Who will you give the job to? The one who has a proven record of managing their personal finances well? Or the one with a long record of paying bills late?

A potential employer can decide not to offer someone a job for ANY reason, so long as they don't show a pattern of discriminating against a protected class of people...

Answer 2

the answer is yes,  especially in the areas of finance or handling money.

Answer 3

Lots of potential employers will pull your credit report. They have to get your permission to do it first, though.

They can deny you a job for having poor credit.

Answer 4

When applying for a job nowadays they should first read you your Miranda rights that anything you put down can be used against you.   They just don't tell you the last part.

Answer 5

Many employers do require you to authorize a credit report on you. I don't know if they do rule out people who have low scores, but I must assume they do and surely they can to so.

You will be told if the report is needed at the time you are applying.

Answer 6

only in certain industries like banking, accounting, finance, etc.  and yes they can deny you a job as a result.

Answer 7

Not the credit score itself but negative items can effect employment if the company checks your credit report. Not all companies do but the ones who do will be looking for negative and positive items not the scores themselves. However just because you have a few negative items does not mean you will be disqualified for a job. Most employers will ask you to write a letter or explain your situation to them and if you have a good reason (medical issues, job loss...) then they will most likely over look it if they think you would benefit their company. If you do have really bad scores and your credit report is filled with a lot of negatives over a long period of time then they do have the right not to hire you based on that.