Should employers be allowed to ask for a credit check? (interview, minimum wage)
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There’s a limited amount of jobs, in my view, that should require a credit-check; do you all feel they should be allowed to ask? I hope we can pass legislation in my town regarding credit checks.
POC, disproportionately, have subpar credit scores that prevent us from having certain careers. Provided one does well enough in their interview, and have the resume to back them up, I’m not sure why an employer would screen their credit. Obviously the person is there because they need the cash, and to hopefully fix their credit with their earnings.
and credit worthiness means what?
Our President managed to bankrupt 4 of his companies + pay out $25 Million dollars to students of his Trump University in addition to not releasing his Tax returns yet he sits in the White House.
I happen to know people who work minimum wage jobs who are more responsible with their own money & bills.
and credit worthiness means what?
Our President managed to bankrupt 4 of his companies + pay out $25 Million dollars to students of his Trump University in addition to not releasing his Tax returns yet he sits in the White House.
I happen to know people who work minimum wage jobs who are more responsible with their own money & bills.
I’m for banning employer credit-checks, so I’m not sure where you’re going with this though I do agree with what you’re saying.
Some use it to check as a possible indicator of how responsible or irresponsible you can potentially be. Of course, not everyone who has bad credit will be irresponsible since it doesn’t include things like “normally responsible, but had troubles due to being hit with huge medical fees” (for one example). I am not sure of any sorts of studies, etc. to show how apt it is as an indicator. https://www.thebalance.com/why-do-em...istory-2059598
Some use it to check as a possible indicator of how responsible or irresponsible you can potentially be. Of course, not everyone who has bad credit will be irresponsible since it doesn’t include things like “normally responsible, but had troubles due to being hit with huge medical fees” (for one example). I am not sure of any sorts of studies, etc. to show how apt it is as an indicator. https://www.thebalance.com/why-do-em...istory-2059598
Does this mean you’re for, against, or neutral in regards to credit-checks? I forgot to add the polling option.
POC, disproportionately, have subpar credit scores that prevent us from having certain careers. Provided one does well enough in their interview, and have the resume to back them up, I’m not sure why an employer would screen their credit. Obviously the person is there because they need the cash, and to hopefully fix their credit with their earnings.
Credit scores have factors NOT directly credit-based, so I don't regard credit scores as a good way to screen applicants.
For example, length of credit history is an important factor in credit scores, and while the reasoning makes sense, this single factor tanks a lot of credit scores, especially for younger people and for POC - because younger people NATURALLY have shorter credit histories (D'OH!) and POC have a considerably lower age distribution than white Americans. (Higher birth rate and higher death rate for POC = younger age distribution.) So the younger average age of POC hurts their credit scores, while age does not make a person more or less likely to pay debts as agreed.
Point being is many people with poor credit means they have bitten off more than they can chew.
Does that make them irresponsible?
If they show up to work everyday and perform their duties why should their credit history matter?
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