18 Jun Get a Credit Check for Employment

Do you need a free online credit check for employment? Around 95% of employers do a background check on employees, 16% pull credit checks on employees, and almost a third do credit checks on candidates. They do this to protect other employees and customers. Your credit history is the number one indicator of responsibility.

Being good with money likely means you’ll be responsible with other things too. For example, why would you want to hire someone in your accounting department if they can’t meet their own financial obligations?

Employers running a credit check on you is a good thing. It means they’ve decided they would like to hire you. Running a credit check, if at all, means they want to double-check that you’re the person you have presented yourself as– good and responsible.

What Do Employers See When They Check Your Credit?

Largely, they see what a lender sees, save for your credit score. This includes things like payment history, balances, and accounts in arrears or collections. They may also see derogatory marks like bankruptcy, debt review, accounts in collections, and judgements. When running a background check, they’ll also see your legal history, insurance, and past employment.

Can Employers Check Your Credit Behind Your Back?

Definitely not! According to the PoPi Act, they must have your written consent before they can check your credit. This is because South African law says that everyone has the right to privacy.

You should know the state of your credit before any employers do. This is the best way to avoid any nasty surprises that may wreak havoc on your employment prospects. You should also be able to explain negative entries. Luckily, SA law also says that each bureau must award you with one free credit check per year.

Get your free online credit check with Credit Boost within a few minutes. All we need is your ID number and contact details to get your report to you.