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Ask HN: Should I sign doc to let prospective employer check my credit?

by g8gggu89 on 3/23/16, 8:06 PM with 10 comments

• by ApolloRising on 3/23/16, 8:31 PM

  Credit checks are common for finance companies or any positions that deal with money. Usually it is not a huge deal they just want to see if you have any huge outstanding financial issues that would indicate that you can't manage your own finances. The higher up in position you go (Director+) the more you may encounter this when you have budget responsibilities.

  You can always say you have no problem doing this when you are at the offer stage and both sides think it is a fit.

• by davismwfl on 3/23/16, 10:01 PM

  It isn't an uncommon request if you are in the position of responsibility over money or people. At the same time I have had a lot of employers ask for the form to be signed and they never actually pull your credit.

  Also, you should know that an employer pulling your credit does not affect your credit score or profile to banks, credit cards etc, it is a different type of request just like car insurance. It doesn't count as a "hard pull" either which can lower your score.

• by philiphodgen on 3/27/16, 3:22 PM

  I can tell you (because I am in the process of writing an employee manual and hiring procedures) that the three critical factors are: will this person have access to a customer's name, date of birth, and Social Security Number?

  If so, a credit check is warranted for the potential employee.

  There are other factors as well. But for lower level positions, access to information (legitimately or otherwise) is the key factor.

  I am not telling you this is the law. I am not telling you this is the right thing to do. I am telling you this as someone who has had an employee embezzle from our company and who is working with an experienced HR consultant and a labor lawyer to put the right structure in place -- for all of the usual reasons.

• by kafkaesq on 3/23/16, 8:10 PM

  Depends how much leverage you feel you have.

  (Same with any of the various other humiliations employers like to think they can force on us, just because (think) they can: drug tests, personality tests, NDAs, non-competes, putting your mugshot on their website, etc.)

• by chc on 3/23/16, 8:15 PM

  How desperate are you for this particular job? I definitely wouldn't, because that's a ridiculous request, but I also wouldn't be out on the streets if I turned down a job.