It’s important for business owners to know as much as possible about their next potential hire before hiring.
Reviewing relevant criminal behavior and credit history too, gives employers insights into potential hires financial habits,
financial responsibility, and their ability to manage budgets.
Numerous late payments could indicate you’re not responsible or organized and don’t live up to your agreements.
Maxing out your available credit or having excessive debt are markers of financial distress, which may be viewed as increasing the likelihood of theft or fraud.
If you show evidence of mishandling your own finances, it could indicate a poor fit for a job that involves being responsible for company money or sensitive consumer information.
25% of all HR professionals use credit or financial checks while hiring.
Credit checks are more likely for jobs that involve a security clearance or access to money, sensitive customer data or confidential company information