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Credit checks are common for finance companies or any positions that deal with money. Usually it is not a huge deal they just want to see if you have any huge o
by ApolloRising 11y ago
Credit checks are common for finance companies or any positions that deal with money. Usually it is not a huge deal they just want to see if you have any huge outstanding financial issues that would indicate that you can't manage your own finances. The higher up in position you go (Director+) the more you may encounter this when you have budget responsibilities.
You can always say you have no problem doing this when you are at the offer stage and both sides think it is a fit.
- g8gggu89 11y ago> You can always say you have no problem doing this when you are at the offer stage and both sides think it is a fit. Thanks, that sounds good.
- ApolloRising 11y agoYou are welcome.
- Broken_Hippo 11y agoThere are some laws for higher-ups when they are dealing with finances, mostly because of liability issues. Other than that, this is really common in entry-level jobs (When I was young and didn't have a handle on finances, I nearly got turned down for a gas station job, on the premise that bad credit meant that I was more likely to steal stuff). Never really know if it is a big deal to the company or not, really.I'd have been pissed off if I had bad credit due to hospital bills or something else out of my control like so many people, but that particular stuff was entirely my own fault and stupidity. But most times, it is just a formality, you know, because they can.
- chatmasta 11y agoWhat are these laws exactly? Are you saying that, e.g. CFO, requires a minimum credit score, by law?
- NeutronBoy 11y agoNot a minimum credit score, but it's prudent to check if a candidate who you're wanting for a role that has significant control over money is financially sound. One of the major motivators of financial fraud is necessity.