{"id":1528,"date":"2022-06-07T11:23:20","date_gmt":"2022-06-07T01:23:20","guid":{"rendered":"https:\/\/blog.vetting.com\/?p=1528"},"modified":"2023-03-14T14:35:36","modified_gmt":"2023-03-14T03:35:36","slug":"four-things-you-need-to-know-about-pre-employment-credit-checks","status":"publish","type":"post","link":"https:\/\/blog.vetting.com\/four-things-you-need-to-know-about-pre-employment-credit-checks\/","title":{"rendered":"Four things you need to know about pre-employment credit checks"},"content":{"rendered":"\n
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If you\u2019re applying for a new job, you may find that your potential employer asks if they can carry out a pre-employment Credit check<\/a>. A bad credit report has become one of the most common reasons for potential employees to fail vetting checks and be passed over. <\/p>\n\n\n\n

To understand more about pre-employment credit checks and what they mean for you as an employee, we\u2019ve put together the four most important things you need to know. <\/p>\n\n\n\n

What is a pre-employment credit check?<\/strong><\/h5>\n\n\n\n

This is a financial check carried out by employers to find out about potential employees in relation to financial mismanagement. The checks are carried out primarily to ensure that the company hiring a new employee can reduce the risk of potential employee fraud and comply with the law.<\/p>\n\n\n\n

One key point to note is that credit checks do not provide your employer with your credit score; they are only given a report on your credit history.<\/p>\n\n\n\n

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What does the pre-employment credit check look at?<\/strong><\/h5>\n\n\n\n

There are four areas of your financial situation that an employee credit check will look at: <\/p>\n\n\n\n