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Submit to a credit check?

By Leon Jackson ·
Recently I started searching for a new position, I've been 3 years at my current job and am looking to move on.
During the first contact with one prospective employer I was first handed an employment application which I didn't expect. I told the HRperson that I needed to look it over and I didn't have all dates and whatnot with me. But as I looked it over I saw in the Authorization section that in addition to a Drug test and background check that I have no problem with they wanted permission to run a credit check. I feel that this is an invasion of my privacy to the extent that it not only involves my financial situation but that of my wife, who is not and will not ever be an employee of the company I’m applying to.
My question ishas anyone else been asked to submit to a credit check, and if so what is the best course of action? Thanks
Leon

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Submit to a credit check?

by James_Randy In reply to Submit to a credit check?

The short answer is, yes. They do have the legal right to request that you submit to a credit check. Moreover, some companies may be justified in making such a request. For example, a defense contractor, or some other company that deals with ?sensitive? information, actually has an obligation to make sure they limit (or eliminate) the chances of hiring someone that is - or may be - a security risk. Someone with severe financial problems may indeed fall into that category. They may pose as a potential target of being approached by someone (a spy) asking for sensitive information in exchange for money. It does ? and has ? happened. Espionage is a real fact of life. It?s usually equated with government contractor companies, such as Lockheed, Raytheon, etc. But even corporate espionage could be a real threat to the company?s security. Some companies may be stretching the ?security? limits a bit, and unnecessarily invade that part of one?s privacy, but they do have that right. However, youhave the right to re

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Submit to a credit check?

by Leon Jackson In reply to Submit to a credit check?
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Submit to a credit check?

by James_Randy In reply to Submit to a credit check?

My answer continued...

However, you have the right to refuse to submit, but you probably won?t be considered for the job. Since you didn't mention the company, you have to decide the merits of that request.

If you have a decent (or average) credit standing, it?s really no big deal. And if you do make a big deal out of it, you?ll appear to be less of a ?company guy?. If you have less than perfect credit, it doesn?t necessarily mean that you won?t get the job, but it could be brought up as an area of concern. How you handle it will speak volumes on how you?ll be dedicated to the overall company mission.

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Submit to a credit check?

by Leon Jackson In reply to Submit to a credit check?

I understand what you are saying. I don't agree with the premise of running credit checks on employee's. My credit is good enough that i have no worries about it. I just think it's too invasive especially considering the size of the company involved.
It also came as a shock, but now that i know the practice is prevelant i will be on my toes.

Thank you.

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