I’m applying for a job and it says they will do an investigative credit check on me. What does this entail exactly…only my credit history, or other things as well? What do they use it for? Can it cause you to not get a job? I don’t have anything to hide, but I haven’t had the best credit over the years (although I’ve started to clean it up). I’m just curious as to why they do this and what exactly an "investigative credit check" will entail.
Has anyone else had one of these done on them before?
Credit reports are like report cards when we were in school only instead of showing how good/bad we are doing in our studies they show how good/bad we are at managing our debt.
This is important to a employer if you are being considered for a job for several reasons. It shows your level of responsibility and management. It also points out people that may be subject to stealing due to high debt that they are having a hard time paying or people that can by blackmailed.
The public records section also shows repossessions, collections, foreclosures, bankruptcy’s, tax liens & lawsuits.
Like one of the other posters pointed out, you can tell a whole lot about a person simply by looking at their credit.
And for the record, felony convictions do not show on credit reports. That would take a background check which is a different procedure.