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Posted: Fri Aug 18, 2006 6:33 pm Subject: Bad Credit and employment

Can a bad credit report keep you from obtaining employment in North Carolina?

Posted: Fri Aug 18, 2006 6:55 pm Subject:

Depending on the type of job. If it's a job that requires you to be bonded, then it's a strong possibility.

There is nothing illegal about using credit for hiring criteria.

the job does not require you to be bonded it is for
managed care insurance at a local hospital

Posted: Fri Aug 18, 2006 7:22 pm Subject:

Did they tell you ahead of time that they would be pulling your credit report?

Posted: Fri Aug 18, 2006 7:54 pm Subject:

i had to sign a release for criminal backgound check and it listed that they may pull consumer credit report as well

Posted: Fri Aug 18, 2006 8:05 pm Subject:

Hmmmm..I do payroll/hr, and we have potential employees sign a criminal check release as well. Come to think of it, the release does say that we can pull credit. We don't though..At least not in the departments that I handle.

I wouldn't think that for the job you are applying for they would worry about your credit. It's a very fine line; it can almost be discriminatory. From what I've learned, it's mainly jobs where you are bonded or have use of company funds or credit that they would do this.

Guest · Posted: Sat Aug 19, 2006 7:08 am Subject:

ok, thanks for the information...

Posted: Sat Aug 19, 2006 1:05 pm Subject:

No problem, glad I could help. Good luck!

Posted: Sat Aug 19, 2006 11:22 pm Subject:

Well, the answer is yes. Bad credit can prevent you from getting a job in any state. But it depends on the industry. Some industries rely on credit checks more than others.

For instance government employers will most likely request a credit check because they believe that a person with prior financial problems would be more vulnerable to bribery and corruption. I don’t know where that belief came from though.

Also, a credit check may be requested from industries where you will have to deal with cash or valuables. Like a bank teller, chief financial officer, people who work for brokerage or financial institutions. Etc.

However there are a few things that you should know. They must request your permission to pull your credit report before it is used in the evaluation process.

And also, a bankruptcy can’t be used against you. Also, whenever an employer uses your credit history as a negative factor against your employment, they must inform you that your poor credit was the reason that they failed to hire you.

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