Do Employer Credit Checks Damage Credit Scores?

Employer Credit Checks: Scores Not Included

How many times have you read or heard someone on the news mention something to the effect of "your credit scores impact how much you pay for car loans, mortgage loans, rent deposits, utility deposits, insurance premiums -- and can even impact your ability to get a job"? Well, they're right about all of it except your ability to get a job. Your credit reports may impact your ability to get a job, but your credit scores are never seen by your employers. In fact, credit reports sold to employers are specifically designed for employment screening purposes -- and unlike credit reports sold to lenders, these reports do not contain credit scores.

The use of credit scores for employment screening purposes is a myth. But remember, the truth is: your credit reports may cost you a job, but your credit scores will NOT.

This work is the opinion of the columnist and in no way reflects the opinion of ABC News.

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