Getting Fired Because Your Credit Changes During Employment

How your credit can get you hired, fired, and stop a promotion. Part iv of iv: Getting fired because your credit changes during employment.

As you learned in part iii, your credit can derail your prospects for a job or promotion.

Now we’ll explore how your credit can get you fired.

Checking credit during employment is an increasingly common trend. Employers use your credit to monitor ongoing behavior while you’re employed. Many employment contracts now include your permission to check your credit twice a year or whenever deemed necessary.

There’s an obvious need for this level of scrutiny if you have a sensitive job, high-security clearance, or handle others’ identities.

But why is checking an employee’s credit an increasing trend beyond the obvious need? Because employers see credit checks as a part of their ongoing employee management. Checking one’s credit during employment is also a way to avoid liability risk in firing someone.  An employer could be at risk of negligence claims if they continue to employ high-risk individuals.  However, it could just be an excuse to fire someone.

Imagine how this high-risk factor can impact an employee who becomes an identity theft victim, negatively affecting their credit.  Or what if an unexpected medical bill becomes a collection on their credit report?

The bottom line is doing your job well no longer assures continual employment.

So, what can you do?
Ask your company to offer SmartCredit® to employees as part of their benefits package.  Our state-of-the-art system provides real identity and credit protection.  SmartCredit® provides all employees with our great credit, identity, and finance service at a volume discount.

Be proactive!  Make sure your credit is the best it should be using our Action Buttons to fix errors, get goodwill corrections of negatives and settle debts.  You can do this all with the simple push of a button.  Your actions go directly to your creditors, who then update all your credit reports. It’s fast and effective.

David B. Coulter – founder and C.E.O. of SmartCredit®

Categorised in: Credit Report, Credit Score, Debt, Employment, Improving Credit, Money & Identity

This post was written by David B. Coulter