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04.
Credit Background Checks & Reports
A credit background check for employment is an important way to manage risk in hiring when you need a candidate with strong fiscal responsibility.
Why Credit Background Checks Matter
Reviewing your candidate’s credit history provides insight into a candidate’s integrity and responsibility toward his or her financial obligations, and are recommended for positions where access to financial assets, transactions, and decisions are a primary responsibility. Benefits of credit checks for employment include :
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Reduced risk of negligent hiring lawsuits, theft, or embezzlement
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Clear picture of a candidate’s financial responsibility
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Ability to make informed decisions based on reliable records
Why Credit Background Checks Matter
Employment credit checks show a record of a person’s credit-to-debt ratio and past bankruptcies, providing insight into how someone has managed credit and bill payments in the past—an important indicator for positions where the employee will be handling or managing money while credit checks for employment do not report credit scores, results may include
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Names and addresses of current and previous employers
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A record of the individual’s credit and payment history
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Any unpaid bills turned over to a collection agency
