What are they looking for in the background and credit check?

I have an interview with them and I was told that I would have to go through a background and credit check. Does anyone know exactly what they're looking for in these checks. Thanks

Yes,I just had both checks done,and had a copy sent to me in the mail. If you apply for any banking, financial, or credit card company, they want to know if you have any money issues, like credit card debt, fraud, collection agencys, how much you owe, criminal history, jail, all this and more. Wow alot. And they won't call you if you have alot going on with your money or could be high credit risk,like owing. Someone told me they think you may be one who might steal? Since you will have access to money. Make sense???

anonymous in San Dimas, California said: Yes,I just had both checks done,and had a copy sent to me in the mail. If you apply for any banking, financial, or credit card company, they want to know if you have any money issues, like credit card debt, fraud, collection agencys, how much you owe, criminal history, jail, all this and more. Wow alot. And they won't call you if you have alot going on with your money or could be high credit risk,like owing. Someone told me they think you may be one who might steal? Since you will have access to money. Make sense???

This isn't accurate. What they check is derogatory credit such as collections, write offs, bankruptcy. This also includes criminal, employment and education.

The industry is very regulated especially for licensed roles.

Can anyone suggests me what to expect to in the interview for pension specialist? How many rounds of interviews will be there?

TheSeeker in Florida said: This isn't accurate. What they check is derogatory credit such as collections, write offs, bankruptcy. This also includes criminal, employment and education.

The industry is very regulated especially for licensed roles.

The answer did say "collections". Fraud is criminal isn't it? Credit card debt does lead to bankruptcy in alot of cases. So what is not accurate about this statement? It is just said in different words than yours. It is all the same thing in credit. Money Issues...

The real reason they are doing the background and credit checks is stated in recent company email. All employees that were hired before 1999 have to consent to this background check. If you don't they fire you. If you do, they will find some reason to get rid of you. They are looking to get rid of all the older employess who make lots of money. Then they don't have to call it a layoff, and they probably won't get in trouble for age discrimination.
What a bunch of jackasses. I hope they get bought or go out of business.

Hi !
Does anyone know how long it takes for the Fidelity background verification to complete ?

they will check your criminal history.

An arrest without any charges probably wouldn't stop you from getting the job.

I've heard that it may become against the law for an employer to use a credit check in consideration of whether or not to hire an employee.

more detailed information:
www.stuff4you.biz/bcfaq

I have a question for all of you out there. I recently applied for a position at Fidelity and was offered the job on the spot on the temp basis. I am now going through the veritude background security check. While i have lived a rather exemplary life, i have a blip on the radar. I was in a car where a substance was found in January of 2004. No convictions, case was ultimately dismissed, but I had no choice but to disclose this information on the application knowing full well that it's much better to be honest than lie. Honestly, what are my chances here? The folks from my boss, to future coworkers right down to the HR people have been nothing but impressed with me. Does fidelity have a zero tolerance policy on things of this nature? I'm am really freaking out here because i'm in love with this job. thanks everyone.

I'm going through the mortgage modification process, and concerned my credit it getting hurt. Does anyone know if Fidelity Investments wouldn't hire me due to this?