If you are searching for a new job, then you probably have spent quite a bit of effort perfecting how you appear to potential employers. Millions of people are currently searching for jobs, and it is important to that you pay careful attention to every detail that might interest a future employer. If you are like most highly motivated job seekers, then you already know how to look for jobs that are compatible with you skills and interests. You understand the importance of polishing your resume and references. You have prepared for your interviews, and you know how to present yourself in a professional manner. What most people don't realize is that many employers are now looking at your credit history as a part of the hiring process.
Historically, credit reports were often requested for positions that involved handling large sums of money. It was thought that being fiscally responsible in your personal life would translate to honesty and competence on the job. These days, many jobs use a credit report as a part of the screening process for potential employees.
It is completely legal for a company to request your credit report. However, they cannot do it without your written permission. Usually, a potential employer will request permission in the documents that you fill out when you apply for the job.
According to Experian, a major credit reporting company, only a limited amount of information is provided during a employment related screening. Your actual credit score will not be shared and the request will not be factored into your future credit rating. Account numbers, year of birth, and marital information will be hidden from potential employers in order to comply with the Equal Employment Opportunities laws.
If your credit report has a negative impact on you employment potential, a company is required to give you a copy of your credit report as well as your consumer rights. You can ask what a company is looking for, but they are not required to provide you with specific details.
If you think that a potential employer is going to use your credit score as a screening tool, then you should make sure that the report contains accurate information. You can request your report and notify credit agencies of any discrepancies you find.
It is unlikely than an employer would eliminate a candidate solely on the basis of a credit report. However, in today's competitive job market, it makes sense to double check your credit report to insure that it is accurate before applying for a job that uses it as a screening tool.