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  1. #1
    Join Date
    Dec 2010
    Location
    new jersey
    Posts
    366

    Bad credit and the work place

    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?

  2. #2
    Join Date
    Feb 2012
    Posts
    190
    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 =\

  3. #3
    Join Date
    Dec 2001
    Location
    Ocean Pines, MD
    Posts
    6,984
    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.

  4. #4
    Join Date
    Dec 2004
    Location
    Chicago area
    Posts
    1,439
    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.

  5. #5
    Join Date
    Dec 2004
    Location
    Chicago area
    Posts
    1,439
    Quote Originally Posted by Stamas View Post
    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.

  6. #6
    Join Date
    Feb 2006
    Location
    USA
    Posts
    4,381
    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

  7. #7
    Join Date
    Dec 2004
    Location
    Chicago area
    Posts
    1,439
    Quote Originally Posted by hvac wiz 79 View Post
    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.

  8. #8
    Join Date
    Mar 2012
    Location
    Omaha NE
    Posts
    109
    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 !

  9. #9
    Join Date
    Dec 2005
    Location
    California/Nevada
    Posts
    3,631
    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

  10. #10
    Join Date
    May 2008
    Location
    Missouri
    Posts
    3,504
    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?)

  11. #11
    Join Date
    Dec 2001
    Location
    Ocean Pines, MD
    Posts
    6,984
    Quote Originally Posted by wolfstrike View Post
    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.....

  12. #12
    Join Date
    Sep 2002
    Posts
    2,731
    Let's turn the tables, would you like to work for someone who can't pay their bills?

  13. #13
    Join Date
    Jul 2001
    Location
    Canada
    Posts
    1,810
    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 .

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