What is the relevance of a credit bureau file in the hiring process?
Credit bureau files allow employers to view the ability of a candidate to handle their own affairs. This speaks to character issues of responsibility and management capabilities. Finding that a candidate is under financial strain and has collection agencies seeking payment and possible garnishment may be helpful in the final selection process. A candidate with this type of history may be more likely to ‘hop’ from one job to another to avoid collection agencies and may be a higher risk for theft. Credit bureau files also highlight employment history and may indicate another employer that the applicant deliberately left off their resume or application; something well worth investigating.
