Who else thinks that it is a bad idea for companies to deny people work because of credit?

Answer 1

I agree. I also think that your car insurance shouldn't be based on your credit. But there are statistics of course that say people with bad credit are higher risk for insurance and are typically worse employees. So they have there basis for denial there. It is a shame that the bad acts of a few result in the denial of many

Answer 2

No it's a great idea. Fixing one's credit takes time and organized thinking. It's not that hard but requires effort. It is the lifeline of family and such. Even if you make plenty of money credit is an integral part of buying a house, homeowners insurance, car insurance, etc. etc. No credit and you will pay extra for all. Jobs work the same as insurance companies. Statistics show that those who are married and have good credit are a safer bet because they have realized that what happens today impacts the future.

If you read about it those who have bad credit tend to be more at risk for medical conditions. Less likely to understand and take advantage of benefits. Less likely to understand that it is OK to go to the doctor even for preventative stuff. Therefore costing the company more money.

I mean if one if is uneducated enough to keep bad credit where it directly come out of pocket why should a company trust you with their business? Sure it appears wrong but that's the idea.

Credit in this day and age is paramount in life. Fix it and you won't have to ask this question.

Answer 3

I think they need to look at all factors before denying someone because of credit. They need to look at a person's work history and check references as well. If it *all* adds up to an irresponsible person, then it's in the company's best interest not to hire them.

However, I have gone through periods of having really bad credit, but my work did not suffer. I have the references and history to prove it. People are MORE than their credit scores!

Answer 4

I think the history of their credit should be taken into account but if the person is trying to clean up their act as well as their credit they should be denied soley on credit score. The issue is they show a tendancy of not being responsible etc. so I suppose employers see that as a risk...

Answer 5

i agree in someways, now if someone is dealing with lots of money and having a poor credit score then hell no! but if they ran into medical problems and fell behind i don't think that is right.. HR laws make is so impossible to even check someones background in a company, they only can tell dates of hire and position. I am betting they will tighten up on credit scores for hiring sometime too, as we are in a lawsuit happy society.

Answer 6

Me & I have good credit! Think that a country born out of the right to not have debtor prisions, have allowed credit card companies & employers too much personal financial information

Answer 7

I think it's a great idea. For the most part people who have bad credit have it because they have been irresponsible. If they are not responsible about their own life why should an employer think they'll be responsible about their job. Also, people with bad credit also probably have bad debt which means you wouldn't want them anywhere near money.

Answer 8

I do especially if a person is trying to get themselves together.