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View Poll Results: Should employers be allowed to check potential employees credit?
Yes. 71 42.01%
No. 90 53.25%
Indifferent/No Answer. 8 4.73%
Voters: 169. You may not vote on this poll

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Old 11-25-2017, 09:43 PM
 
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Quote:
Originally Posted by Mad_Jasper View Post
The only way I consider this even a factor is if you are paying premiums on a monthly basis. If premiums are paid in full, why does the agency require my credit report?
Insurance is the first to cancel you for non payments, so what is their risks? They will increase your premiums even if you are a perfect driver all your life. I’m tired of people telling me life is unfair. It’s stacked against some, and we can fix that.
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Old 11-25-2017, 09:43 PM
Status: "We're all entitled to my own opinion." (set 14 hours ago)
 
Location: Suburb of Chicago
17,387 posts, read 8,548,684 times
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Quote:
Originally Posted by TaxPhd View Post
As an employer, I can ask potential employees to provide me with access to their credit reports, even if I am barred from pulling the credit report on my own. It is not illegal to do so.
Good for you. You must not live in one of the states where it's illegal.
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Old 11-25-2017, 09:48 PM
 
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Quote:
Originally Posted by tinytrump View Post
They will not hire you with bad credit.
Depends on the definition of "bad credit" and the specific institution. In my experience, not hiring has been based upon past practices that lead to bad credit, not bad credit itself. Even someone with "good credit" can still raise a red flag if they have say multiple personal loans taken out and a couple new CC accounts open that are already at their limit.

I still think it is a non-issue, I cannot recall of knowing or hearing of anyone that got denied employment based upon their credit history. I am sure it happens, but I know people with horrible credit that obtain employment just fine with a credit check, and my wife had zero credit history and still got employed in a few jobs over the years that had credit checks. I think it is a trivial issue regarding barriers to employment.
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Old 11-25-2017, 09:51 PM
 
5,221 posts, read 2,378,942 times
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Quote:
Originally Posted by MPowering1 View Post
Good for you. You must not live in one of the states where it's illegal.
It has nothing to do with the state. If a state bars me from pulling the credit report on my own, I can simply ask the potential employee to voluntarily provide access. That wouldn’t be illegal.
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Old 11-25-2017, 09:52 PM
 
19,237 posts, read 11,145,594 times
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Quote:
Originally Posted by Mad_Jasper View Post
If a person has a reoccurring history of such circumstances, it demonstrates they will not honor commitments. Not only would I decline to hire such a person, I do not want to collaborate such a person either.
You would have never hired the Wendy’s CEO, Dave, Sam Walton from Walmart -or even Oprah ! Your loss!
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Old 11-25-2017, 09:55 PM
Status: "We're all entitled to my own opinion." (set 14 hours ago)
 
Location: Suburb of Chicago
17,387 posts, read 8,548,684 times
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Quote:
Originally Posted by TaxPhd View Post
It has nothing to do with the state. If a state bars me from pulling the credit report on my own, I can simply ask the potential employee to voluntarily provide access. That wouldn’t be illegal.
Right. And just because it's illegal to ask someone's age during a job interview, you can simply ask the potential employee to voluntarily hand over their driver's license or birth certificate.

Go ahead and do that and see how far you get once reported.
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Old 11-25-2017, 10:00 PM
 
12,657 posts, read 12,078,941 times
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Quote:
Originally Posted by TaxPhd View Post
It has nothing to do with the state. If a state bars me from pulling the credit report on my own, I can simply ask the potential employee to voluntarily provide access. That wouldn’t be illegal.
Most likely they wrote the rule to forbid employers from pulling, asking, using third parties, and taking into any consideration a person's credit report. I am sure it is full of exemptions though. So even asking would violate the rule, as would if the applicant handed it to you and you took it into consideration. I know NYC does not allow credit checks for a lot of jobs, but exempts certain ones also.
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Old 11-25-2017, 10:02 PM
 
Location: Los Angeles
4,523 posts, read 1,943,217 times
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No, it's a racket. And I say that as someone who was a banker for a short while.
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Old 11-25-2017, 10:02 PM
 
19,237 posts, read 11,145,594 times
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Right now Ca, co, conn, Delaware, Hawaii, IL. MD, NV, OR, VT, Washington -19 states have laws restrict credit inquiries but the above prohibits any employers asking to see it for employment. They survived ! Canada too don’t ask if bills get paid.
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Old 11-25-2017, 10:02 PM
 
12,657 posts, read 12,078,941 times
Reputation: 17300
Quote:
Originally Posted by MPowering1 View Post
Right. And just because it's illegal to ask someone's age during a job interview, you can simply ask the potential employee to voluntarily hand over their driver's license or birth certificate.

Go ahead and do that and see how far you get once reported.
It is not illegal to ask someone's age in a job interview. It is only illegal to discriminate if over the age of 40.
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