CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

Employment and Credit Checks: What You Should Know

It might seem unfair, but potential employers might have the right to view your credit history when you apply for a job. This doesn’t mean every time you fill out an application the company can run a credit check, but many potential employers request permission from applicants to use a credit report as an evaluating tool. The good news is the way in which credit reports are used for employment decisions is transparent, so you’ll know if the reason you were not hired is your credit history.

Before 2012, any employer could request to view an applicant’s credit report, but now it is only legal in certain circumstances. For instance, if you apply for a job with certain financial institutions or you are applying for a certain position, it is still within an employer’s legal rights to run a credit check.

The change in the law means potential employers need some kind of justification for judging an applicant based on his or her credit. For instance, if an applicant will have access to credit applications or will be handling large sums of money, potential employers have the right to evaluate that applicant based on credit history.

Other instances in which an employer can use a credit report to make a hiring decision include when someone is applying for a managerial position, someone will be given access to certain confidential or proprietary information, or someone will be acting as a named signatory on a bank or credit card account of the employer, or is authorized to transfer money or enter into financial contracts on behalf of the employer.

The goal of checking an applicant’s credit is to ensure he or she is responsible with money and can handle the responsibilities of his or her job. Essentially, it must make sense for a potential employer to judge you by your “financial character” when deciding whether or not to hire you.

There is some evidence even these stricter regulations are hurting job seekers. Read about the economic effects of employer credit checks in this report by CNN.

What Should You Do If You are Asked for Permission to View Your Credit History?

If a potential employer asks to view your credit history, you might be nervous or unsure whether or not to grant permission. Aside from the general security risks of turning over personal information, you might also wonder if your credit history will affect the chances of you being hired.

First, ask yourself if the request makes sense. If you are applying for a job in which your credit makes no difference – you won’t be handling money, making financial decisions, or viewing anyone’s financial information – ask why the employer believes the request to be necessary. If there is a valid reason and you refuse to share your credit, you are likely facing the same fate as if your credit is less than perfect. With a rough credit history, your best bet is to be upfront with your potential employer about your mistakes and hope for the best.

If there is no valid reason for viewing your credit and you believe you are being turned down for a job because you refused to share your credit information or because you were judged inappropriately based on your credit, you might have a right to file a claim against the employer. The important thing is you learned before accepting the position that the business doesn’t always adhere to rules and regulations. Despite missing out on a job, you are likely keeping yourself out of a shady situation in the long run.

For more information on how employers can use your credit report or to speak to someone about a situation you believe could be breaking the law, contact the Law Offices of Robert M. Geller at 813.254.5696 to discuss your situation.

Archive

Video Testimonials

Tampa Bankruptcy Law Blog

Are Bankruptcy Laws Designed to “Trip” You Up? Here’s How a Bankruptcy Law Firm Can Help You Avoid Trouble

It’s no surprise that people are skeptical of how bankruptcy can help their financial situation. Many have heard stories about...
Read More

What is a Discharge and What Does It Stop?

The primary benefit of bankruptcy is the discharge. Filing for Chapter 7 bankruptcy results in the elimination of your legal...
Read More

How This Important Bankruptcy Law Stops Creditors in Their Tracks

One of the greatest benefits of filing for bankruptcy is the automatic stay. The automatic stay is a court order...
Read More

Secret Bankruptcy Laws Make Asset Protection Possible Under Florida Bankruptcy Law

One of the major concerns people have when filing for bankruptcy is whether or not they will lose their assets....
Read More

What Happens If You’re Accused of Bankruptcy Fraud?

If you’re an honest person, the idea of being accused of fraud might seem ridiculous to you. But if you’re...
Read More

Why You Need an Attorney to Help You Understand Bankruptcy Law

The legal system is complex. Even the simplest legal issue can develop into something complicated without the right guidance. Filing...
Read More

Is There Life After Bankruptcy? 5 Ways Your Lifestyle Will Change After You File

One of the main reasons people put off filing for bankruptcy is because they are concerned about how it will...
Read More

How Teaching Your Child Money Management Helps Them Avoid Needing Bankruptcy in Florida as an Adult

If you’re like most parents, one of your primary concerns is teaching your kids good money management. Many of the...
Read More

Extravagant Spending is the Main Cause of Bankruptcy and Other Myths You’ll Learn Aren’t True When You Meet with a Bankruptcy Attorney in Tampa Florida

A bankruptcy attorney in Tampa, Florida helps you learn what’s fact and what’s fiction when it comes to bankruptcy. People...
Read More

Don’t Let Your Emotional Spending and Bad Money Management Force You Into Bankruptcy

If you’ve ever gone on a shopping spree in response to stress, you aren’t alone. This is different than a...
Read More

Bankruptcy

For The Next 5 Days GET A FREE BOOK About Bankruptcy

Learn More

Infographics

We are A Debt Relief Agency.
We help people file for bankruptcy under the Bankruptcy Code

Pay Online Bankruptcy Courses Newsletter Subscription

NACBA Logo avvo1 avvo2 avvo3 LEA BBB Logo RG Seal

Call For A Free Initial Consultation

813.254.5696

Tampa Office

Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 254-5696
T: (800) 853-7549
F: (813) 253-3405

Map And Directions

St. Petersburg Office

Law Offices of Robert M. Geller, P.A.
125 5th Street South
(Wells Fargo Financial Center)
2nd Floor, Suite G
St. Petersburg, FL 33701
T: (727) 532-3939

Map And Directions

Pasco Office

23526 State Road 54
Lutz, FL 33559
T: (813) 336-2320

Map And Directions