A survey of more than 1,000 workers conducted by the National Financial Educators Council (NFEC) found 5.2% of respondents reported they were turned down for jobs due to their financial background while 26.3% reported employers ran financial background checks on them. In the nationwide poll, the survey asked respondents to answer the following questions: “Have you ever been turned down for a job or promotion as a result of your credit or financial background?” And, “Has an employer or potential employer ever conducted a credit or financial background check as a condition of hiring you or giving you a promotion?” The survey revealed 61.6% of women aged 35 to 44 underwent financial background checks compared to 48.9% of women aged 45 to 54. Also, 37.6% of women in rural areas underwent financial background checks compared to 21.1% of women in the suburbs.
Hiring Tips Blog

Adults Surveyed on Impact of Financial Background Checks in the Workplace
Jul 1, 2016 | Credit Checks
Recent Posts
- Alertness and Impairment: New Study Reveals Impact of Fatigue, Alcohol and Cannabis
- AI Catches Up to California Employers: Regulations for Automated-Decision Systems Now in Effect
- Continuous Visa Vetting is Coming: What Employers Need to Know About Expanded Screening of Foreign Nationals
- EAD Revocation Guidance for E-Verify Employers
- How Employers Can Adapt to Immigration Policy Shifts
Categories
- Artificial Intelligence Fraud (2)
- Background Check Compliance (106)
- Background Check Laws (63)
- Background Screening (46)
- Biometric Identification (6)
- Consumer Financial Protection Bureau (1)
- Credit Checks (32)
- Criminal History Check (187)
- Data Protection & Privacy (113)
- E-Verify Issues (80)
- Education Verification (8)
- Educational and Childcare Hiring (28)
- EEOC (52)
- Employer Negligence (37)
- Employment Screening (137)
- Fair Credit Reporting Act (110)
- Featured Posts (1)
- Financial Services Hiring (11)
- Healthcare Hiring (9)
- Hiring Legal Compliance (3)
- Home Services and Repairs Hiring (6)
- Human Resources & Benefits (26)
- Immigration Issues (96)
- IT and Data Security Hiring (11)
- Medical & Pharmaceutical Industry Hiring (11)
- Occupational Fraud (18)
- Pre-employment Drug Testing (192)
- Public Safety Hiring (1)
- Retail Hiring (14)
- Security Services Hiring (3)
- Social Media (32)
- Transportation Industry Hiring (21)
- Uncategorized (1)
- Wage History Checks (4)

