Does this job involve handling money, credit card numbers or other valuable things? If so, they want to know how you have handled money and if you are knee deep in debt or have a poor score because you cannot pay your debts, they fear you may be tempted to skim some of their money!

There is a new law that is being proposed that if the job does NOT involve money, they cannot do credit checks. Who knows if it will go through though.

I agree to an extent. What about people who become ill, or in this economy, lose their job and fall behind on payments or owe huge medical bills? Are they to be unemployed or have crappy jobs the rest of their lives because of this?

I do think this sort of thing should be addressed legally.

I’m afraid a lot of businesses are checking credit reports and it can actually prevent you from getting jobs. If you have terrible credit in regards to paying back people you could be a risk for the company by stealing if you handle money. It doesn’t seem right, does it?

EEOC has no protection agaiinst making bad money decisions as a guideline for hiring.

Legal and another place teh government needs to keep it’s nose out of.

Too bad for you. Your credit history is your reputation. It lets a potential employer know if you are responsible, trust worthy, follow through and not cheat them. With numerous applicants for one job this is one way of narrowing down the list. Privacy act is you can refuse to give your SS# and right to check your credit

It is difficult to get much info from previous employers other than confirming employment and maybe wages. Reviewing a credit report gives a potential employer insight into an applicants sense of responsibility and management skills. Additionally, some positions require certifications, licenses, or bonding that require minimum score levels.

dnt read this(cuz it really wrks). u will gt kissd on the nearest frieday by the love of ur life. 2mara wll b the bst day of ur life hwever if you dnt post ths comment 2 at least 3 vids u will die withn 2 days nw uv startd readn this dnt stp

Many companies (including the US government) require a credit check as a condition of employment, especially if you’re in a position of authority. The theory is that people who owe a lot of money or who have bad money management skills might be more susceptible to embezzlement or being bribed.

It’s perfectly legal to require a credit check to get a job. It’s perfectly legal for you to change your mind and decide you don’t want to apply for the job if a credit check is required.

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The credit report in United States is a document prepared by each of the three main credit reporting agencies Equifax, Experian and TransUnion. This report is absolutely essential to get any kind of loan from banks and other agencies. The credit report determines your credit score which is an indication of your financial health. A lot of misconceptions prevail regarding the credit report and credit score. In this article we try to clear some of these misconceptions.

1. The credit reporting agencies make random guesses for credit score

The credit reporting agencies do not arbitrarily decide on your credit score. In fact every loan, mortgage or credit card you take is closely monitored by the financial institution that provides it. The way you tackle your debt, repayment and interest rates is tracked by the company and sent to the credit rating agencies to calculate your credit score. The software used to calculate your credit score is FICO (Fair Issacs Corporation) after the people who designed it. It is a fairly complicated piece of software that decides on your credit score based on established parameters.

2. The credit reporting agencies are biased

No, not at all. No consideration whatsoever is given to factors like race, gender, nationality, marital status, or religion. It is your finances that matter. The feedback received by credit rating agencies from your banks, lenders etc. are the only things that matter. The idea is to establish your credit trustworthiness. Read more from:

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