What you may not have known about Credit Checks and Credit Ratings. MUST KNOW AND SCREAM ABOUT

[unblock]

13. i'll agree that credit pulls for employment is a poor boss's crutch.

bureaucrats love quantifiable metrics, even if they're silly. great for covering your lazy decisions.

actual management is hard.

i can sorta kinda maybe understand it in a hiring situation. you've got so little to go on, many people can fake an interview, especially for fairly junior positions. interviewers are grasping at straws and this is a thin straw to grasp. but certainly, an employee of 15 years has an actual performance history that's far more valuable than anything a credit score can tell you.



i'm sure that some merchants get it wrong and do the pulls in a way that affects scores when they shouldn't. however, i also think people may think they're a victim of this when they're actually not, because it can be difficult to isolate the exact cause for a credit score to move. quite often, a pull from a utility doesn't happen in isolation. maybe you switch electric companies and your credit situation is otherwise virtually unchanged. but more often, when this happens, you've moved and there may be a number of factors affecting your score at the same time. so how much (if anything) is due to the utility pull and how much is due to other factors is hard to say.