Do you think a credit score should determine how good or bad an employee is or will be?

Question

Should the practice of checking an individual's credit score for employment be allowed? Please explain your answer.
Thanks!

Please keep in mind when answering , the big wigs at Enron had OUTSTANDING credit scores, and they are just the tip of the iceberg.

I feel that bad credit most definintely does not mean criminal.

Answer 1

no i don't think so. a lot of time people's credit is ruined from helping other people out. friends that may need you to co-sign for something then never pay like their suppose to. and sometimes its just that persons fault for not staying on top of their bills. for whatever reason it shouldn't dictate ones work ethic because of a credit score. i think employers believe if someone has bad credit then they will steal from their company when really anyone can steal rich or poor, its done everyday! a person credit score should be looked at if someone wants some type of credit, but not for a job! just think about it, if every job made a credit check a requirement for a potential employee many Americans wouldn't have a job then they could never get their credit str8 because they wouldn't have job. and we as a country would be short staffed everywhere!!!

Answer 2

Hello no Ms.T

I am going through the same bull right now I know that I am qualified but no hire because of my credit rating and to put the icing on the freaking cake because of my skin color I wish the shoe was on the other feet with the companies determining your ethics because of some hard times that you're experiencing; this practice should be abolish right along with the lie detector tests and those who feel that this practice is fair I guess they're the real crooks. Good luck girl and stay up. I just put this question to the test on Yahoo Answers and some of the arrogant answers went so far as to say that a person with bad credit has sticky fingers but you know what; if you had sticky fingers you probably wouldn't have a credit history.

Answer 3

Since your credit history does not fall under any privacy act isn't much that can be done were I or anyone else to think it shouldn't and one has to deal with realities. With the Patriot Act being enforced by the Federal Gov't no chance anyway to get this practice stopped. The reasoning is that a responsible person with sound ethics will not have bad credit nor shirk his/her responsibilities. Were I a employer would be more inclined to hire someone with a good rather than a bad credit history BUT I would not base decision just on that alone for would consider employment history,job qualifications, references and so on. If someone had a steady recommendable employment history,was well qualified and very good references would probably call for interview and ask about the credit history, what were the circumstances and so on and if the person gave reasonable explanation would overlook and hire .

Answer 4

I am a person who's credit is not that good and I have worked around money and I was not wanting to steal from the employer checking someone's credit should be out the question not only when the score is check it drops your score everytime someone's checks it so for you people who agree with the policy just remember the next time when you go in for a job that requires for your check to get check and you think that you have good credit and you are thinking that you are going to get the job and come to find out that since your credit has been checked so much that it low's your score

Answer 5

While I do think it is important, the decision to hire someone should not be based solely on their financial history.

For example, Employee A applies for a job working for Boss B. Boss B sees that Employee A's credit score is really low. Employee A had a rough time dealing with credit cards after high school, which resulted in the low credit score. Employee A, out of college now, has not been able to significantly improve his credit score, but is a hardworking dude. Lucky for him, Boss B feels empathy for him and decides to give him a chance after interviewing him and discovering the source of the low credit score.

Many bosses are not like Boss B, and that just isn't fair. But the practice of checking a credit score should be allowed. If Employee A truly isn't a very reliable guy, for instance in the interview he lies about his financial past or accountability, then a credit score check would reveal that.

Answer 6

i do no longer think of every physique judges someones entire character in line with it. No on is assuming somebody else is adventurous and became disillusioned by making use of the ending in sopranos in line with their credit. often speaking people who have a damaging credit ARE irresponsible with funds. If there became a condition previous their administration yet they're accountable then they are in a position to construct it back up. in case you haven't any longer have been given a credit card then meaning your unfamiliar with debt so as that they do no longer understand how you will cope with it. It does not propose you have unfavorable credit rankings it ability you haven't any longer any credit. heavily, in case you have been renting out a swanky multi million greenback apartment your no longer gunna do a credit verify on an applicant to be sure if he even has the money and is accountable sufficient to pay you? provide up crying to yahoo solutions once you get denied. shop calm and shop on.

Answer 7

No. Some people have bad credit due to divorce, death, loosing their job because they were layed off etc. How does dennying empoyment help someone's credit if they can't earn the money to pay their bills? That certainly will give them more bad credit.

Answer 8

I don't necessarily agree with the practice, but it gives companies an insight as to whether or not you are hungry. I always like to hire sales people that are in debt. I feel they have more to gain from success.

Answer 9

Yes Bad credit is directly without being in control of your life no matter how poor you are. If you cannot afford it don't buy it. If you are irriesponsible and don't pay your bills you owe, will you be honest with me.

Answer 10

If you are badly in debt you might yield to temptation if you work around money.

It might not be a requirement of the company, but a requirement of their bonding company.