Once upon a time, corporate HR Depts would pull a credit check on new applicants — thought being, if their credit was poor or messed up, that they’d be likely to be distracted and poor employees, or they’d even be motivated to embezzle or even steal from the company. The chains of large student loans might figure into this idea.
I don’t know what curent HR practice is...
I think corporations do simple background checks on previous employment and felonies!! I don’t think they do credit checks any longer!!
I was once ( 1970s) even given a written test on general knowledge — math science, history — when applying to a great corporation for a job. I did well on the test, but didn’t get the job for other reasons — lack of a BS.
It was for a techical job in electronics. (I was an Extra Class Ham, and held an FCC First Class Radiotelephone license, and was a good, practical “solder jockey,” but nothing mattered if no BS.)
I think I’m lucky I didn’t get that job....
Some might suggest that an employee in debt could be especially dedicated to the job.