If you work in HR or know anything about hiring procedures, I need your help

Question

I am about to be interviewed for a teller position at Bank of America. I know that they are going to have my credit checked. The thing is that I have bad credit (about $5000) and I have been late on many payments, snce I have bee unemployed for a while. Is my credit standing going to be a problem?

Answer 1

Be honest about it if they ask you.  They will respect you more for that.  

Answer 2

Dear SamyThom:  

While your employer is legally allowed to do a background check )with your permission) to make sure you're not a felon, or have been convicted of a crime related to handling money, embezzlement or theft, they CANNOT obtain a credit report that would give a detailed history of your payments, etc. It's considered an invasion of privacy.  It is also illegal for them to ask you questions about your credit history in an interview, regardless of the position for which you are applying.    

Any employer that would use this against you, is subject to a discrimination claim and recent legislation in California, bans employers from using this type of information against applicants.

Check with the Labor Board in your state to confirm your rights in connection with credit reports.  

Good luck with your B of A position.  

Answer 3

Credit can ruin your life. I know, I work 2 jobs and can afford to get an apartment, but I keep getting turned down because of my bad credit. Be prepared. Even if you hafta settle for a different job, try your best to pay on your debts to eventually improve your credit. That's what I'm doing. One credit card at a time

Answer 4

unfortunately, a bad credit check can get in the way of hiring.  be sure to let them know about it and have an explanation ready or let them know what you have done or are doing to correct the situation. it may make a big difference when the its time to make the decision to hire you or not.

Answer 5

YES MAJORLY. IF YOU CANNOT LOOK AFTER YOUR OWN MONEY THEN THEY WILL NOT ALLOW YOU TO GIVE FINANCIAL ADVICE ON THEIR BEHALF.DUUUUHHHHHHHHHH

Answer 6

I really don't think you have much to worry about.  $5000 of debt isn't very much these days.  You should get your credit report so you know where you stand, if you have not done so. Also, for what it's worth, I think it's c**p that these companies run a credit report on anyone to determine if someone should get a job.  It's such a private matter.  

Answer 7

I do Financial consulting and have worked in HR in my past life :), when a credit check is required they are usually looking to see if your consistent. Depending on what your debt consists of it could hinder you it could not it all falls on the individual company and what their threshold is. Anyway if this keeps you from getting the job you whats your next step? I suggest you take care of your credit while its easily repairable.

Take a look at this free presentation www.fdidvd.com/ayscott05. Take the initiative to educate yourself and become financially literate, It is most beneficial to understand money if your looking to work for a banking institution.

Answer 8

I would be honest with them about it. If you don't tell them it looks like you might be hiding something, but if you are honest they know they can trust you!

Answer 9

Bad credit means unreliable.  For whatever reasons, you did not do right by whom ever you have committed to in the past.

What employers want is very simple.

Show up to work, everyday, at the same time-on time.  Do the work completely and quickly without complaints or excuses as to why you can't do it.  AND you have to do this without complaining or making any coworker feel uncomfortable.  If you have a problem with this basic concept, then it will be discovered if the HR officer is worth a dam.

during your interview, the most importnt thing they want to hear is, you HAD problems, you ARE committed to the resolution to move forward.  Performing with diligence and feduciary obligations to your employer is your first objective.  You live to work.  Not just for a  paycheck.

Answer 10

if ur going 2 work at a bank, i would think so

but then again, i never worked at a bank

sry i cant give better help =/