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What does a prospective employer look in your credit
What does a prospective employer look in your credit. How do employers analyze credit scores and your overhall credit in the hiring and promotion process. What does a high credit score and good credit determine of a prospective employee. Will bad credit and low credit score jeapordize a job candidate from getting hired? What type of job positions will be scrutinize with their prospective employer running credit and what determines the job prospect whether or not they get the job.
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What Do Employers Seek for in Your Credit?
Employers can examine your credit report but not your credit score. They do this to determine your financial accountability, especially for roles that involve money management or access to confidential information. Here are some of the things they look at:
Levels of Debt: High debt levels could be risky.
Payment Timeliness: Consistently late payments may raise questions.
Public Records: Bankruptcies or liens may act as warning signs.
Impact on Recruitment Caused by Credit Score:
High Credit Rating: Implies trustworthiness and good financial management skills.
Low Credit Score: This could put employment at risk, particularly within finance-related positions.
Jobs That Are Likely To Check Your Credit:
- Financial roles such as accountants and financial analysts.
- Security-sensitive positions like government jobs requiring security clearance, such as law enforcement, intelligence, security, and jobs that require leadership and responsibility.
- Loan officers and employees of financial institutions.
Bad credit does not mean no hire. Employers use credit reports to measure reliability.