I have been successfully accepted for a job and now they are going to do a credit check. What information will they receive and will this negatively affect my job opportunity. What are my legal rights if they decide to cancel the offer due to my debt review?
Thank you for your question.
There are certain professions like financial advisers and people working in the banking sector that might have some questions to ask, but I can confirm that it has become less and less of an issue. If you work with money, logically your employer would like to see how you manage your own finances.
The other reason why employers might want to look into your credit history is to gauge a level of responsibility of the new employee. The reasoning behind this is if you allow your accounts to fall into arrears for months and months, and allow things to slip so far that garnishees are issued against you, as an example, then you might also let slip on important projects and deadlines. Personally, I don’t like it when employers dive into your credit history unless you have to work with money where a bad credit history might have an actual effect on your job.
If they pull the job offer because of your credit record, and a good credit record is not mission critical to do your job, I would think that you have a good case to present at the CCMA. I am sure everything will work out just fine.