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I am wondering if anyone has had to sign off on a credit check for a job. I have been thinking about it and I am assuming that a pos. i am meeting on would require this as its for a large financial institution.
Are they just going off credit scores? Or looking at your assets and savings and an overall look. Are hiring managers looking at this only---or are they showing it to people that would be your superiors (that seems uncomfortable if my superior knows how much money I have in the bank!)
Re: credit check at job
ok thanks! not really concerned, just wasn't sure how in depth they went
If this is a financial company, they will probably pull your credit report and verify what's on there as far as any negative items are concerned. They may also do a criminal back ground check. When I interviewed for a large bank, they actually took finger prints...I had to be bonded.
"Being bonded means that you are licensed and insured against damage that might be caused by you or your firm while performing a service. Bonding is often a required thing for individuals in the service or contract business as it protects them and their customer against large damage claims. It means that a person is trustworthy and reliable. People that work with finances, property, or other important or valuable information are generally bonded. Which means their criminal record is clean in terms of fraud, embezzlement, and theft."
Pretty sure the credit check is just looking at your credit scores, and making sure all your accounts are in good standing, or that you are doing some kind of debt management if they aren't. They can look at some of your accounts if they are delinquent or considered poor standing, to see if it is just a matter of late payments (and if so how late?) or something else.
HR will probably be the only ones who are given this information and keep it, unless there is some reason why your supervisors would need to see it like an internal investigation, but at that point you'd have a second credit check done so it's more up to date.
What state are you in?
It's illegal to check a potential employee's credit if you are in New Jersey.
They are NOT allowed to ask for your savings/assets information. if they do, run like hell
I'm in RI