05 November, 2025
What is creditworthiness?
Creditworthiness is an overall assessment of a person's financial situation – often based on payment history, debts, assets and income. It aims to predict an individual's ability to pay their debts.
A common way to assess creditworthiness is through a credit check that includes a credit score – a numerical indicator provided by credit reference agencies such as Creditsafe. A high score suggests low risk, while a low score may indicate greater financial vulnerability.
What affects creditworthiness?
A candidate's creditworthiness is based on an overall assessment of several financial factors. Together, these give an indication of the person's ability to manage financial responsibilities - something that can be crucial in certain professional roles. The most important factors are:
Having a low credit score does not necessarily mean that a person is unreliable – for example, temporary life events such as illness or divorce can have a negative impact on finances. But in professional roles with financial responsibilities, access to sensitive information or positions of trust, it can be a significant risk factor for the employer. Therefore, it is important to always make an individual and proportionate assessment.
When is it relevant to do a credit check?
According to the principle of proportionality, controls must be proportionate:
- Purpose of the control: For example, to protect the company's finances.
- The risk the employer is trying to manage: For example, embezzlement, financial abuse.
- Person's position and responsibilities: For example, managerial roles, finance department, purchasing.
Examples of roles where a credit check may be relevant:
| Position/role | Reasons for credit checks |
|---|---|
| Chief Financial Officer | Direct responsibility for budget, payments and accounting |
| Buyers | Managing large orders and supplier contacts |
| CFO/CEO | Fiduciary role with responsibility for the company's finances |
| Bank/financial official | Access to clients' accounts and investments |
| Cashier staff | Direct access to cash or cash on hand |
What happens if you don't do a credit check?
Neglecting to check a candidate’s creditworthiness in roles involving financial responsibility, trust or handling sensitive information can have serious consequences. In some cases, a low or unreliable credit rating can be a warning sign; not necessarily of the person's character, but of potential risks that employers should be aware of.
Without a credit check, the employer risks financial losses in cases of embezzlement, fraud or unauthorised transactions, among others. It can also lead to a loss of trust from customers, investors or other stakeholders if it is discovered that a person with financial problems has handled business-critical resources.
Internally, conflicts or crises of confidence may arise if irregularities occur, especially if the employer had the opportunity to identify the risk but did not take preventive measures. In addition, a lack of control can lead to increased costs afterwards – for example for investigations, legal proceedings or compensation claims.
You can find out more in our post "Credit reporting: the big guide for employers".
Benefits of doing credit checks
Including a credit check in the recruitment process can give employers a more solid basis for decision-making. This is particularly important in roles where the employee is expected to handle money, take on financial responsibilities or access sensitive information.
Identifying potential risks early can help prevent future problems and strengthen the organisation’s credibility both internally and externally.
A properly conducted credit check, in line with the principle of proportionality, minimises risk and signals that the employer has a clear and responsible recruitment process. It can also help build trust among the board, investors and other external stakeholders.
Doing a credit check means:
- Fewer financial surprises
- Lower risk in sensitive roles
- Greater confidence among decision-makers
- A stronger basis for recruitment decisions
Legal requirements for credit checks
In Sweden, credit information is regulated by the Credit Information Act (1973:1173), which requires a legitimate need to access someone's credit information. As an employer, you must:
- Inform the candidate before the enquiry is made
- Have a clear purpose that is proportionate to the requirements of the service
- Comply with the General Data Protection Regulation (GDPR)
DISA ensures that all credit checks are carried out in accordance with applicable laws and regulations. We work with clear procedures to protect the personal integrity of candidates, while helping our clients make informed and legally sound recruitment decisions.
How a credit check works with DISA
A DISA credit check can be carried out either on its own or as part of a more comprehensive background screening – for example, in combination with an identity check, work experience check or criminal record check.
DISA acts as a one-stop-shop for secure and customised background checks and the credit check is done in the following steps:
Credit check as a stand-alone check or part of a package
Clear information is sent out about what the check involves
Safely, legally and quickly
Easy-to-read summary with possible risk markers
With DISA, you get a safe and smooth process that complies with all legal requirements while respecting the candidate's privacy. We are here as your partner for safe and accurate recruitment decisions. Contact us today to find out more.