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Ask HN: Should I sign doc to let prospective employer check my credit?
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Re: Ask HN: Should I sign doc to let prospective employer check my credit?
#2Depends how much leverage you feel you have.
(Same with any of the various other humiliations employers like to think they can force on us, just because (think) they can: drug tests, personality tests, NDAs, non-competes, putting your mugshot on their website, etc.)
Re: Ask HN: Should I sign doc to let prospective employer check my credit?
#3How desperate are you for this particular job? I definitely wouldn't, because that's a ridiculous request, but I also wouldn't be out on the streets if I turned down a job.
Re: Ask HN: Should I sign doc to let prospective employer check my credit?
#4Credit 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.
Re: Ask HN: Should I sign doc to let prospective employer check my credit?
#5Credit 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 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.
Re: Ask HN: Should I sign doc to let prospective employer check my credit?
#6Credit 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…
There 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.
Re: Ask HN: Should I sign doc to let prospective employer check my credit?
#7It isn't an uncommon request if you are in the position of responsibility over money or people. At the same time I have had a lot of employers ask for the form to be signed and they never actually pull your credit.
Also, you should know that an employer pulling your credit does not affect your credit score or profile to banks, credit cards etc, it is a different type of request just like car insurance. It doesn't count as a "hard pull" either which can lower your score.
Re: Ask HN: Should I sign doc to let prospective employer check my credit?
#8Credit 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 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.
You are welcome.
Re: Ask HN: Should I sign doc to let prospective employer check my credit?
#9Credit 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…
There 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…
What are these laws exactly? Are you saying that, e.g. CFO, requires a minimum credit score, by law?
Re: Ask HN: Should I sign doc to let prospective employer check my credit?
#10Earlier quoted context omitted.
There 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…
What are these laws exactly? Are you saying that, e.g. CFO, requires a minimum credit score, by law ?
Not 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.