Not all companies do that. They are mainly just trying to figure out what type of personality you have and how that will affect your work performance. Some do it especially if you are going to be handling financial matters for them. If you cannot pay your own bills they do not want you in charge of theirs.Credit check is basically to find out your "character" a good report says you are responsible in your personal life and know the value of the money where a bad one will tell somebody that potentially you cannot counted on so much……..and of course if you were to be in charge of money thats another storySome companies issue corporate credit cards to salaried employees. This would be a perfect reason for doing a credit check on you. Your credit score can also be considered as one measure of reliability and may also be used to verify gaps in employment (missed or late payments often coincide with periods of unemployment).There are a variety of reasons for them. Often they are making sure you are a responsible person. The agencies they use do not know you. That assurance provides information the employer believes to be reliable. Also, the chex systems says you manage your checking or savings account responsibly. The background check may also give them an idea if you are likely to have your wages garnished which is a royal pain for them as well as yourself.
Employers give you a great deal of trust, They need assurance you can be trusted. These checks keep them inside the laws against discrimination as they are "color blind".

 

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