MaggieMae
Reality bits
- Apr 3, 2009
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- 1,635
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I think if I'm a business owner hiring employees I want to know how reliable they are and a credit check helps me find this out. If they are consistent in paying bills on time and don't hop from credit card to credit card, that will likely mean they will be a consistent employee who won't hop out of the job. If their credit history is bad/poor and/or they hop around from card to card frequently . . . I'd be wary of hiring them. I'd check their references as well; this just gives me another checkpoint, as it were. No, having crappy credit doesn't necessarily mean they'd make a crappy employee . . .but if I were a boss looking to hire? I'd hire someone with a background that checks out to be sound. Generally, it speaks to the kind of person they are and how responsible they are, which speaks to the kind of employee they'd make, imo.
As someone just checking a credit score using a SSN, you wouldn't have access to all the accounts anyway in order to see if someone had been bouncing around. When an individual wants to check his/her credit score and want to see which accounts are listed, they need to plug in all the account numbers. A potential employer would not have those.
A credit "score" can be influenced by some spouse who abused the joint credit, then took off, leaving the remaining spouse responsible for the bills. A credit "score" is influenced if a person has major credit cards and also has store credit cards (which reduces the number). The score can be reduced even if someone is shopping around for a refinance. Ironically, the credit score will actually DROP if a person pays off all his credit!! Are those bad people that will make for crappy employees? Hardly.
Don't be so quick to judge based on a measurement from a conglomeration of basic assumptions without the true facts in front of you.
Your first paragraph . . . I don't know what information a potential employer gains from a credit check; thanks for providing that.
Your second paragraph . . . I wasn't talking about credit scores.
Your third paragraph . . . Whose judging? I was merely stating my opinion.
Sorry, I missed the "if" in your first sentence which changed it just enough to appear as though it was you, not "if" it was you.
"I think if I'm a business owner hiring employees I want to know how reliable they are and a credit check helps me find this out."