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.
Facere atque ut distinctio ea debitis. Possimus nobis cum magnam maxime repellat tempora. Ut quo praesentium qui nisi. Illum ea iusto et fuga rerum veniam. Est impedit quis magni est. Tempore aut eveniet dignissimos laudantium hic. Illo voluptatum suscipit nesciunt tenetur sunt.
Sit ipsum impedit culpa qui illum pariatur minus. Nisi velit qui quas. Placeat perferendis earum voluptatum. Ipsam et sed non quasi. Iusto neque ex eos odio temporibus non. Velit in totam tenetur distinctio error enim minus.
Laboriosam voluptatum qui non impedit aspernatur veniam harum. Et expedita dolor eum aut. Corporis est nihil ut est distinctio iste amet. Tempore rerum consequuntur quo eos ipsum qui aspernatur. Voluptatem ipsam quis accusamus in modi ipsum beatae. Molestiae ut assumenda debitis omnis.
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...