topic Re: new employers/credit pull in Rebuilding Your Credit

new employers/credit pull

focused1914 — Sun, 18 Mar 2012 13:22:36 GMT

I just applied for a new career and part of my app was a background check... Im very worried because of my score, and I was out of work for a year and my bills got behind, I have started rebuilding..... but what score did you think is good enough??? for the past year or so I havent paid anything late, and I have paid some things off?? any advice will be helpful. Thx in advance

Re: new employers/credit pull

llecs — Sun, 18 Mar 2012 13:33:05 GMT

I don't think they'll look at your score, or even pay to have access to it. I'm an employer and we recently started credit checks after we started working within some government facilities and we we're asked to do these checks. The primary goal is to look for established credit. We couldn't care less about the score. We are looking to make sure the applicant has a credit history and to make sure they didn't arrive in the US yesterday for nefarious purposes, if you know what I mean. We also have banks as clients and they'll ask us to do checks to look at the employee's financial history to see if he/she would have motive to steal, but a bad score isn't always indicative of that motive.

Re: new employers/credit pull

pizzadude — Sun, 18 Mar 2012 13:33:48 GMT

@focused1914 wrote:
I just applied for a new career and part of my app was a background check... Im very worried because of my score, and I was out of work for a year and my bills got behind, I have started rebuilding..... but what score did you think is good enough??? for the past year or so I havent paid anything late, and I have paid some things off?? any advice will be helpful. Thx in advance

I doubt that your employer is looking for a specific score, so much as they are looking for recent red flags on your CR. It sounds like you have gotten things under control and that you have good payment history within the last year which is good.

Are you in a financial services industry, like banking, or similar ? If not then I don't think that you should be too concerned. And if you are questioned just be upfront about losing your job, and explain that you are rebuilding.

Re: new employers/credit pull

focused1914 — Sun, 18 Mar 2012 13:40:50 GMT

Im going into medical sales...... I had to check and sign a section about laws under the FCA(fair credit act).... so I was somewhat concerned when I looking over the fine print...The way i read things it looks like they will pull my report(s). I have my fico score from here and have check on credit karma..... but when I lost my job me and my family took a big hit on scores and patterns of payments. but last two year have been pretty good

Re: new employers/credit pull

pizzadude — Sun, 18 Mar 2012 13:45:04 GMT

I think you'll be fine. And just be upfront & honest if they ask you any questions.

Re: new employers/credit pull

focused1914 — Sun, 18 Mar 2012 14:06:42 GMT

ok.. thx for the advice

Re: new employers/credit pull

bridgetkaryn — Sun, 18 Mar 2012 14:45:22 GMT

For my company, we check for 2 things... current lates (90 days+) , collections or judgements and a liens. And past bd patters over the last year... you sound like you should be good!! :-)

Re: new employers/credit pull

TBOY012 — Sun, 18 Mar 2012 18:24:55 GMT

My job pulled a report on me and I didnt know (Im sure I saw a disclosure but didnt pay attention) At the time, I had 2-3 collections, Capitol One transfered to their

in-house collection and had several other accts showing multiple lates. Also had to do a criminal background check, and thank god the CR didnt affect me in getting

my job.

Re: new employers/credit pull

focused1914 — Sun, 18 Mar 2012 19:06:07 GMT

Well I have no judgements or liens..... I havent been late on anything for a while... and I paid off my bad debts that were on my files..

Re: new employers/credit pull

focused1914 — Sun, 18 Mar 2012 19:06:53 GMT

Wow congrads on getting the job..... just got nervous when I saw that on my app.

Re: new employers/credit pull

TBOY012 — Sun, 18 Mar 2012 20:32:17 GMT

I think I wouldve been nervous had I been paying attention back then, but now that I think about it im glad I didnt know ..

Re: new employers/credit pull

Booner72 — Sun, 18 Mar 2012 20:48:34 GMT

What kind of field is it? If it's security or governmentish they might scrutinize more than another field.

I tried to get into a county corrections department and during the background investigation they did credit. I remember walking into the meeting knowing NOTHING and she asked me about a blockbuster collection. Well, how do you explain that?

I didn't get that job. But as I said, it was an entire INVESTIGATION, not just a check.

Re: new employers/credit pull

focused1914 — Sun, 18 Mar 2012 22:52:19 GMT

Going into... medical sales... They are doing a entire background check.... I dont have any collections... I have been on the right track for about a year and half. Paying things off and not lates... (no liens or judgements). like a stated earlier I took a big hit when i lost my job.

Re: new employers/credit pull

RobertEG — Sun, 18 Mar 2012 23:02:17 GMT

I managed a classified government organization for years that required all of its employees to have a national security clearance.

Both the investigators and our personnel/security dept. were looking for one primary thing.

Attempts to conceal potentially harmful information. Concealment can subject the employee to extortion and thus compromise of information.

I have had many employees receive security clearances with bad credit history. The key is honesty in disclosing your history up-front.

If in your questionairre, they asked about bad debt, you did not disclose it, and a pull of your CR reveals it, you are usually dead meat.

Be honest.

Re: new employers/credit pull

focused1914 — Sun, 18 Mar 2012 23:11:46 GMT

OK Thx.... they didnt ask about any bad debt.... just had to give them a right to look into my entire back ground which includes credit.. reading some of my applies from earlier seems like I should be ok.... but I was not sure ..... one good thing is I have been working on things to clear my credit.