Why Credit score should effect getting hired for a job?
by Author on Saturday, May 15th, 2010 | 3 Comments
You are currently browsing comments. If you would like to return to the full story, you can read the full entry here: “Why Credit score should effect getting hired for a job?”.
We haven’t learned to deal properly with information yet. Too much information that people don’t need can cause all kinds of problems.
This is ridiculous but it happens. Our freedoms are being eroded by an overabundance of and the misuse of information.
Potential employers use credit reports as an indicator of your reliability.
A person has taken loans out with a promise to pay. Credit cards weigh in heavily due to the fact they are unsecured debts. If you don’t pay, the lender can’t reposess anything, thus it’s your word that you’ll pay. Having a car reposessed in an incentive to keep your word and pay each month. In short, c/card companies are relying on you to keep your word.
Unfortunately, the credit report doesn’t always tell the whole story. The employer doesn’t see the reason for the late payments, just the fact they’re there. I’m sure they didn’t give you the opportunity to explain the report, just made a decision and moved on.
Not getting hired is not an "adverse" action. If you were employed and then fired when they reviewed your credit, that would be different story.
If the nature of the job requires "reliable" or "trustworthy" people, then it’s pretty much an employer’s duty to go over applicants with a fine tooth comb. A credit report doesn’t show the difference between an unlucky victim and a common deadbeat ,so you’re out of luck unless you know someone who can put in a good word for you there.