Credit scores in the hiring process

<p>I wonder what kind of employers, if any, use credit scores in the hiring process and, if they do, how much weight is given to applicants' credit scores. I heard some fields were more sensitive to credit scores than others and the jobs I feel are credit-score-sensitive (thereafter designated as CSS) seem to be quite well-paying. </p>

<p>Because my professors tell everyone in class that we have to pay attention to the credit score if we want to get jobs, because poor credit scores would hurt applicants.</p>

<p>Financial institutions tend to be more careful because they feel desperate people do desperate things. They also wonder how mature/responsible someone is if they couldn’t manage their finance. I am at a technology company now, and we also look at people’s credit report. </p>

<p>They don’t care so much about your credit score due to lack of credit history. They care more if you are delinquent on your payments.</p>

<p>credit history is taken into account for government security clearances</p>

<p>I haven’t heard of credit checks for financial institutions (though I’m sure some do it). They are relatively common for some enforcement agencies though.</p>

<p>When I joined the last bank I worked at 10 years ago, credit report was pulled on me. I had to sign an agreement that they could do that. Few years ago, at the same bank, when we had to move a division from one company to another, all of those employees had to go through credit check again, even though a lot of them have been with the bank for 10+ years. My older daughter was hired by a bank 2 years ago, same process.</p>

<p>Interesting, I haven’t heard of any of my friends getting their credit checked. I’m reasonably sure one of them has a pretty bad one too, and one of them doesn’t have one at all.</p>

<p>What about high-tech/IT companies? Many a physics major end up being employed by that sort of corporations.</p>

<p>Finance, banks, government, law, tech. I work for a tech company now and they ran a full background check on me (criminal, credit, multiple previous employers).</p>

<p>This is becoming more common as your credit rating is a great measure of how mature and responsible you are. A good credit rating shows you are organized enough to pay your bills on time and to meter the amount of debt you are taking on. </p>

<p>As others mentioned, anyone dealing with other people’s money or government secrets should expect a credit report check as part of the employment screening process.</p>

<p>I’m majoring in health care administration and it requires me to take a financial accounting course along with calculus for business and economics. Does this field usually check credit scores too? Or is it only business majors?</p>

<p>credit scores are important for more than just jobs… whenever you want to borrow money they are relevant.</p>