What do employers look for during a credit check before hiring?
May 2, 2011 1:58 PM Subscribe
What would a prospective employer be looking for if they run a credit check, and should I be concerned?
posted by hippybear to work & money (16 answers total) 3 users marked this as a favorite
I had a job interview today with a company I'm very interested in working for, and during the interview the manager told me they'd be doing a "civil, criminal, and credit" background check on me.
I haven't really ever had credit. I haven't had a bank account in over a decade; I tend to live via cash or my pre-paid debit card which I keep loaded for purchases. I haven't had a credit card since I was 18 (I'm now 43), and don't have any car loans or anything like that on my record. (I have an odd off-the-grid mentality when it comes to finances.)
I'm wondering whether my lack of credit history/presence, or possibly any negative things from over a decade ago (which weren't major, but certainly present -- under $300 total, if memory serves) are going to end up with my being denied this job?
I'd like to be forthcoming with the guy who interviewed me (who is expecting a call back in the next day or so about whether I want my application to move forward), but don't want to say anything which would be a red flag when I tell him that I have no clear credit history to be checked.
What do I need to worry about with this credit background check, and what can/should I tell the man when I call him in tomorrow which will give him the right information about me having little to no credit history but won't set of alarm bells?