Business leaders are able to answer important questions about an applicants’ ability to handle money responsibly by running a pre-employment credit check, but it is important to keep in mind that debt itself isn’t a problem; not repaying can be. While a credit check for positions that involve handling money can help keep employees, investors, shareholders, and customers safe from prospective thieves, embezzlers, and fraudsters, they can also indicate a candidate’s potential vulnerabilities. It is important to be mindful of best practices when it comes to federal and state law, such as the Fair Credit Reporting Act (FCRA).
