FICO Shouldn't Be the Only Acid Test

Jim wants to know how an employer will look at a credit score. Will they look at each situation differently?

QUESTION: Jim in Michigan wants to know how an employer will look at a credit score. Will they look at each situation differently? Dave says if they can’t make the distinction between various scenarios, you probably don’t want to work for them anyway.

ANSWER: If they’re not, I wouldn’t want to work for them. If they don’t have the ability to make that distinction—a sixth-grader ought to be able to tell the difference between those four things. It’s not on the report, but if they’re going to make a judgment call based on pulling a FICO score only and that’s their sole acid test for doing hiring, they’re too stupid to work for, dude. If that’s their sole basis for doing an interview, they’re too stupid to work for. Really. I am appalled that someone would use that as their only methodology.

I understand people pulling a FICO score or a credit bureau report as part of an interview process to establish personal responsibility, particularly if you’re going to be in a situation where you’re handling money or working at something like a bank or something like that. But in most cases, those employers have enough intellect and enough acumen to actually dig into the situation and interview the person and find out what the deal is. But a zero FICO score causing someone to not be interviewed as the sole acid test—if they’re that shallow, I’d rather work someplace else anyway.