4 Reasons Why an Employer Would Perform a Credit Check

4 Reasons Why an Employer Would Perform a Credit Check

You really don’t need to know their credit score, but you can actually learn quite a bit about a person by looking at their credit history.

When interviewing potential employees, there are several things you look at: work history, experience, education, and so on. However, there is something else you really should be looking at: the applicant’s credit report. You really don’t need to know their credit score, but you can actually learn quite a bit about a person by looking at their credit history. Here are just a couple of the reasons you should add credit checks to your background screening process.

Can the Applicant be Trusted with Money?

Even if the applicant doesn’t have a criminal history, performing a credit check can protect your business from theft and embezzlement risks. If the employee will be trusted with financial transactions, you will want to make sure that they can be trusted. Some red flags to look for are:

  • High levels of debt
  • Late payments
  • Account(s) in collections

You will want to make sure an applicant knows how to handle financial matters before you trust them with your business’s finances.

Avoid Potential Legal Problems

In some industries, employers must perform a credit check on all applicants. However, even when it is not required by law, it is still a good idea. By performing a credit check as part of your background screening process, you can protect your business against possible negligent hiring lawsuits. If your background screening checks all that it possibly can, you can’t be held liable if something unfortunate occurs.

Will the Applicant’s Financial Troubles Distract Them on the Job?

You work hard to make sure that your company is a safe place for you, your employees, and your clients. Performing a credit check on applicants can increase that safety. When people are distracted, they make mistakes. If you perform a credit check, you will be alerted to any possible financial distractions an applicant might have.

BACKGROUND SCREENING TO GIVE YOU THE BEST APPLICANTS

AIR Pre-Employment Screening Services is ready to provide you with quality tenant screening for all of your properties, including driving record screening, criminal records searching, drug testing, identity verification, and even screening personal and professional references. We have over 20 years of experience in our field and we pride ourselves on providing excellent customer service, incomparable accuracy, and quick reporting. For more information on our services, contact P.J. Davis at pjdavis@air-prehire.com, call 410-654-5665, or visit our website at http://www.air-prehire.com/. For more hiring tips and articles like this, follow us on FacebookTwitterPinterest, and Google+.

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