I talked to a friend recently who had interviewed for a job, and he said they pulled his credit score. Why do potential employers need to check up on this?
It’s not unusual for big businesses – Corporate America – to do this kind of thing. Typically, most small businesses don’t get into that kind of stuff. Still, some companies use this as a measure of whether or not you’re responsible with money. I can see where it might possibly have some value if you’re going into the financial industry. But I don’t agree with the premise as a whole. I have almost 300 people on my team, and I don’t pull credit bureaus when we hire someone.
Here’s my take on this kind of thing. I wouldn’t want to work for a company that puts more emphasis on my FICO score than on me as a person. If they don’t do in-depth, one-on-one interviews, assess someone’s talent levels, and look at things like their past work history, job performance and education, then I don’t want to work for them. You want someone who is smart enough to hire you because you’re an intelligent, dependable, hardworking person who can deliver the goods!
Honestly, there are so many ways to make a living in this world that there’s no reason to put up with being reduced to a number like that. If some company out there is trying to hire someone by a false measure of success, then in my mind it’s not a company worth working for in the first place!
* For more financial help please visit daveramsey.com.
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