Bad credit and the work place

[sprmktrefertech]

I've been reading posts on job requirements upon getting hired.

Clean driving record, good communication skills and so on....

Does anybody know why my financial records are used... I feel that, when is enough, enough.


lets say, Does having bad credit somehow make me a lesser tech?
Just throwing it out there.

What do you guys think?

[Jigjoe]

I've heard this as well. I'd imagine mine is low since I haven't used it in a while. Some people don't even have credit. Not sure how checking this would help an employer much =\

[Stamas]

I've not done this. But my experience has made me wish I did. I don't know what the pundits say. I just know of my experience-the vast majority of problem employees had serious financial problems. Of their own making.
If co's are looking at financial history they must be driven to by they same thing.

[heatingman]

It has to do with insurance somehow.

There is some rediculuos claim from actuaries that someone with bad credit has less to loose, and is therefore a more risky person. Whether it be vehicle insurance, or work comp insurance, im not sure.

I know of one person that was hired by a company and then let go a week or so later because of bad credit.

At least that was the claim the tech made during an interview I sat in on a few years back.

[heatingman]

I've not done this. But my experience has made me wish I did. I don't know what the pundits say. I just know of my experience-the vast majority of problem employees had serious financial problems. Of their own making.
If co's are looking at financial history they must be driven to by they same thing.

I wonder if they were also bad at there job in general?

I know my personal credit is not stellar, but there isn't one company that I've worked for that wouldn't jump through hoops to get me to work for them again.

[hvac wiz 79]

i think its b.s. that a persons credit could make or break their chance at a job. some people really fell on hard times & had to exhaust what $$$ they had & use up certain lines of credit .. im glad ive always made it a point to handle my finances to a T so if I ever need to show mine ill be ok but not everyone is as fortunate ..... hell isnt our country in a huge debt ??? lol

[heatingman]

i think its b.s. that a persons credit could make or break their chance at a job. some people really fell on hard times & had to exhaust what $$$ they had & use up certain lines of credit .. im glad ive always made it a point to handle my finances to a T so if I ever need to show mine ill be ok but not everyone is as fortunate ..... hell isnt our country in a huge debt ??? lol

It is bs, but any company worth working for won't hinge employment on such nonsense. I think it's more of a "we want service salesmen" type companies that make a big issue of it.

Im sure you can think of the type of company I speak of. Generally residential, and usually have of a lot of expensive ads running non stop. Likely b/c they loose every new customer after a year or less.

[drkglass01]

Like it or not, many companies are using your credit information as another tool to judge character.

For instance, what does my credit score have to do with what I pay for auto insurance ? Shouldn't my auto insurance rate be dependent upon my driving record ?

Of course it is. Credit health is just another way for employers to judge prospective employees.

And no, I don't like it either !

[wolfstrike]

Antichrist government.
---
according to Suzy Orman, once your credit is bad, you won't even be able to rent an apartment.
---

if your FICO score is bad, you're going to be out in the street.


the government is handing out unforgiving punishment with all this background crap.

if you have bad credit, you're considered a theif because you owe some faceless corporation money.

it's the old Communist rule of getting rid of rebels

[wahoo]

Employees who have "credit" problems a LOT of times also have child support along with attendance problems (many times due to legal stuff following them around). Might be a great worker, but stuff in the closet makes problems for them constantly. Sad, but many times true. Hire someone with numerous wage garnishments and there is a very slim chance they'll stay once all the garnishments go into effect. It's sad, for both the employee and the folks they owe!!! (Faceless Corporations???? What the heck?)

[Stamas]

Antichrist government.
---
according to Suzy Orman, once your credit is bad, you won't even be able to rent an apartment.
---

if your FICO score is bad, you're going to be out in the street.


the government is handing out unforgiving punishment with all this background crap.

if you have bad credit, you're considered a theif because you owe some faceless corporation money.

it's the old Communist rule of getting rid of rebels

Suzy Orman has some serious ties with the FICA score people. Just sayin.....

[coolperfect]

Let's turn the tables, would you like to work for someone who can't pay their bills?

[Control Man]

It is harsh but from experience the worse experience I had with an employee in financial desperation will do things to get hold of $.

Cheat on time sheets , steal material , sell material , sell company tools. Also you are constantly hounded by the employees creditors to see if he is working , has he any $ owed to him , can you pay him 2 days early. You get court orders to garnish $ from their pay and forward to wherever .