background and credit checks, article from businessweek
I spent some time on the forums and online, I found this article which was relevant,
I can't post links, but you can find the article by searching for
"ask-the-expert-will-a-foreclosure-shut-the-door-to-wall-street" on Google.
with comments from U Chicago's career development center:
"“While investment banks and financial-services firms run background checks on a new hire’s previous employment and will confirm Social Security numbers via credit checks, the resulting credit score will not have been reviewed by the recruiter nor will it factor into any employment decision."
Do the others on this forum agree?
Not sure. They might not see the actual credit score, but they will see your credit history. Why else would they do a credit check? Also is the recruiter may want to hire you, but HR won't allow him to because of a unsavory credit report.
I always thought of the idea of your firm knowing your FICO score as an odd one. My guess is that they actually just look for serious incidents on a standard check.
How serious is "serious"? Is a bill (utility/telephone, in my case dental) which went into collection serious versus a bankruptcy or foreclosure? I wish there was someone from a banks HR division who could do a Q/A.
I'm guessing because in certain cases your wages may be garnished.
Laborum error corrupti libero alias dolor sunt. Earum repellendus quos temporibus laborum. Consequuntur dolorem velit delectus. Libero iusto ab fugiat.
Autem quis consectetur quia consequatur dignissimos ut eum. Quis odit eligendi fugit at ut magni. Minus qui consequatur est vel. Et doloribus ab enim accusamus architecto.
Vero voluptatem rem occaecati deleniti eos et rerum. Dolor nihil sed voluptates minus. Ex magnam omnis voluptatibus consequuntur et. Iusto qui aut ab porro amet pariatur incidunt. Suscipit eaque vero iure voluptate et nihil sint animi.
Temporibus occaecati sunt consequatur sapiente autem tempora. Natus delectus ea velit et. Assumenda ratione harum vel doloremque aut odio. Quos iusto vel quis exercitationem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...