What will a potential employer be able to see if they run a credit check on me
Employers perform credit checks on potential employees because they are looking for responsibility. Credit checks are a priority when the job that someone is applying for involves handling money. Another reason behind the pre-employment credit check is that the employer is looking for debt load or potential debt load that could affect an individual’s performance on the job. An employer is also able to get any information on aliases bankruptcies, liens, etc.
As for what they can see, there is a special report that is relayed to employers. This means the data is limited, but it is enough. As a matter of fact, it is more or less everything except your date of birth, account numbers, and marital status. Account numbers should only be for the eyes of the creditor and the accountholder. As far as marital status and date of birth, those are withheld to prevent any sort of employment discrimination.
However, they can see your account payment history, how much credit you are using, any judgments against you, any bankruptcies, and other information. This is the information that they use to determine whether or not to employ you. They may decide to give you a chance or they may decide to move onto the next applicant.
If you find that finding quality employment is difficult because of your credit report, it is important to do what you can to make it better. Even showing an effort on your report through on time payments can make a difference in how a potential employer views you. They may see that you’re getting things under control, which shows them discipline. If you do get things under control, that says a lot about you. It is preferable to have a good credit report in the first place, but it is important to understand that achieving a good report is possible, even if you are digging yourself out from underneath a very bad report.
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