Yes indeed, most background check services have a section dedicated to the target’s credit score and credit report. Since this is highly sensitive information, the details contained may be reserved for premium searches, meaning that basic checks may not display it. It is also true that companies don’t trust the results of online background check services when it comes to your financial status, so they will conduct an official inquiry whenever necessary.
Screening a candidate’s credit status has become a routine process for jobs that involve handling money (for example cashiers, accountants, or bank employees) or require having access to someone else’s property (such as a police officer, healthcare provider, or firefighter). This is because of the assumption that if you are bad with your own finances, then dealing with other people’s valuables might be too tempting and lead to theft. It’s important to know that a credit check isn’t an invasion of privacy, although the employer must always first ask for the candidate’s permission before a search is conducted. As for jobs outside of the above-mentioned suggestions, the jurisdiction of several states – such as California, Colorado, Washington and New York City – can limit the corporate rights to perform credit reports.
Yet there are some myths that should be dismissed about the process. A poor credit report might not immediately disqualify you. Some scores are more alarming than others, and if you are able to give a truthful and plausible explanation for the low score, the company performing the check might ignore it in light of your more appealing credentials. Finally, employers won’t read too deeply into the report since all they wish to know is whether your finances and in order or not. When you are asked to give permission for a credit check, the most reasonable course of action is to conduct the search yourself. Access a background check service yourself to reveal how much information is available about you. This will of course allow you to better prepare for an upcoming interview.
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