topic Re: Employment Credit Check in Rebuilding Your Credit

Employment Credit Check

kate1 — Fri, 09 Mar 2012 15:59:26 GMT

Hi All,

Can anyone tell me how much my score will drop for a pre-employment credit check?

Thanks,

Kate

Re: Employment Credit Check

pizzadude — Fri, 09 Mar 2012 16:16:07 GMT

At worst it should only be a single hard inquiry.

The score damage should be minimal ~ in most cases I would expect it to be something in the neighborhood of 5 - 10 points.

Re: Employment Credit Check

Anonymous — Fri, 09 Mar 2012 17:17:40 GMT

Employment checks should not have any adverse reaction to your Credit Reports. Your scores should stay the same. I am sure YMMV depending on how it was coded but if it is done properly there will be no changes to your scores.

Re: Employment Credit Check

Anonymous — Fri, 09 Mar 2012 16:26:05 GMT

@Anonymous wrote:
Employment checks should not have any adverse reaction to your Creit Reports. Your scores should stay the same. I am sure YMMV depending on how it was coded but if it is done properly there will be no changes to your scores.

+1 Mine was a soft pull,

TBC

Re: Employment Credit Check

Anonymous — Fri, 09 Mar 2012 16:30:43 GMT

I thought they were usually soft pulls, but I wouldn't be surprised if some actually did some hard hitting.

Re: Employment Credit Check

pizzadude — Fri, 09 Mar 2012 16:39:52 GMT

Yeah I have seen it sometimes as a soft pull, sometimes a hard pull YMMV.

Hopefully they can do a soft.

Re: Employment Credit Check

kate1 — Fri, 09 Mar 2012 19:40:57 GMT

Thank you all for the info.

In the event it is a hard credit pull, any idea on how much my score could go down.

Kate

Re: Employment Credit Check

pizzadude — Fri, 09 Mar 2012 19:51:52 GMT

The FICO score impact of a single inquiry is minimal. Most inquiries have dinged me around 5 pts. YMMV.

Re: Employment Credit Check

llecs — Fri, 09 Mar 2012 22:25:56 GMT

OP, IIRC, FICO ignores inquiries placed for employment reasons.

Re: Employment Credit Check

Anonymous — Sat, 10 Mar 2012 02:12:47 GMT

I took a job for 4 weeks until a position opened up at my first choice of employment and they hard pulled my credit. The good new is it was only one bureau. Until then I thought they were all soft pulls.

Re: Employment Credit Check

Anonymous — Sat, 10 Mar 2012 02:18:47 GMT

won't have much of an effect, and since you probably need a job to pay bills, the inquiry is certainly worth it

FWIW, I was anxious about having my credit reviewed by HR about three years ago when my credit score was in the tank. But ultimately I got the job offer and you will too