Why Do Employers Look at Your Credit Report?

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Employers look at your credit report to determine whether you are responsible at paying bills and will be likely to work hard. Find out how employers may also Google your name before a job interview with information from a personal financial adviser in this free video on credit reports.

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Video Transcript

Hi, I'm Roger Groh. Are you considering working for me? Well, guess what? I'm going to do two things after you walk out the door. One is I'm going to Google your name and I'm going to see what comes up under Google. Last, I'm probably also going to pull a credit report on you to see how you've done in terms of paying your bills over a long period of time and to look at the amount of debt that you have. Now, there are a couple of things that can come out of that. One is, you don't pay any of your bills at all and you look sloppy. Well that's probably not going to make me feel very good as an employer about hiring you, because I want to hire a responsible person. On the other hand, if I look it and I see somebody young who's just bought a house and bought a car and had a couple of kids and they are just leveraged out the nose, well I'm going to bet that that person is going to work their tail off as hard as they can in order to feed their family and pay their bills. So, in a little bit of both, I want to know what I'm getting. Am I getting somebody who's responsible who is actively trying as hard as they humanly can to pay their bills or am I getting somebody who is just negligent and doesn't make any effort at all and doesn't pay their bills? So, that's a little bit about us at least. I'm Roger Groh. Watch your credit report.

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