Video:Learn About an Employer Credit Checkwith MacKenzie Lawyer Davies
Employer credit checks may uncover any problems that were not seen in the job applicant's interview or resume. Learn more about how employers use background and credit checks in this About.com video.See Transcript
Transcript:Learn About an Employer Credit Check
Hi, I'm Mackenzie Lawyer Davies and in this About.com video, I'm going to discuss employer credit checks.
Employer Background Checks Investigate Credit
The interview process can be taxing, so the last thing you want, is to go through the process only to find that the employer did not approve your background or credit check.
Before you can start a new job with an employer, they will often take a look at your past decisions to see if they can uncover any problems that may not be seen in the interview or on your resume.
In the typical background check, employers will verify work history, education, criminal records, and even drug tests. The best thing you can do is be honest on your resume when it comes to work experience and education. Lying is not only wrong, but it can end up making you lose a job that you might have landed had you been honest.
Credit Checks Help Employers Gauge Applicants' Responsibility
The other thing employers may check is your credit history. They will not do this without your written authorization to do so, but it is a fairly typical thing for them to ask. This will involve giving out your social security number. Always be careful who you give this to.
If your credit score falls below 700, you may want to consider ways to improve your score. Avoid applying for more credit, and try to pay off all the debt you have. You can also call the credit reporting agency if you feel there might be any mistakes on your report.
A reason why an employer might check your credit, is because they might feel that someone who is responsible with their finances, will be a responsible employee.
Thanks for watching this video. To learn more about credit checks, visit About.com