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I found that had derogatory information on my report that cost me a job offer. I keep a close eye on my credit report now-just because it is important to do anyway.
I do to, but I resent it like crazy. Three faceless corporations are keeping track of nearly everything I do with money and selling that information for a profit, which they keep, and forcing me and forcing me to do the work to keep their dataset clean because if they mess-up, they still keep the profit and get nothing.
Credit checks, along with salary history, are one of those things which should be illegal for an employer to ask for, it's violation of a person's privacy. There are many a horror story of parents who take out a line of credit with their kid's social security number and essentially destroy their children's credit. Even better if there is a medical problem which results in financial ruin. If you want to check up on an employee, call their previous place of employment. Did he/she steal money or equipment? Yes? No? Maybe?
nope, our company runs a credit report on all applicants, even those entry level $12.00/hr part time jobs
i think you will find most if not all (larger, multi state) companies do
Different states have different rules on that. In Minnesota, a landscaper couldn't run a credit report on a laborer. At least, that's what I was told by an HR rep. A bank can run one for the teller, though, and a car dealership for the finance manager.
that's bs. in some states it's against the law to even run a credit check unless the job specifically entails handling or managing money/accounts. New York City law is very specific as of Dec. 2015. So it all depends where you are and what type of job you're applying for. Don't let these fear mongers get to you.
I'm surprised these control freaks don't have employees genotypes so they can find out if they're susceptible to certain diseases so as to not hire them. Don't laugh--it's probably coming.
Credit checks, along with salary history, are one of those things which should be illegal for an employer to ask for, it's violation of a person's privacy. There are many a horror story of parents who take out a line of credit with their kid's social security number and essentially destroy their children's credit. Even better if there is a medical problem which results in financial ruin. If you want to check up on an employee, call their previous place of employment. Did he/she steal money or equipment? Yes? No? Maybe?
You are overstating the frequency of parents who take out a line of credit with a child's SSN - it doesn't happen that often. And medical problems don't result in bad credit unless people don't make any effort to set up a payment plan and make payments. Medical providers are normally pretty easy-going about making payment arrangements and aren't going to put a ding in your credit unless you don't pay and make no effort to work with them.
Someone's credit is a good indicator of whether they are a responsible person or not so it's no wonder that credit is used for screening for jobs, insurance, etc.
And medical problems don't result in bad credit unless people don't make any effort to set up a payment plan and make payments. Medical providers are normally pretty easy-going about making payment arrangements and aren't going to put a ding in your credit unless you don't pay and make no effort to work with them.
If you get sick enough to need a medical payment plan, you aren't working and thus aren't paying your other bills. Thus, medical problems result in bad credit even when medical bills don't.
I do to, but I resent it like crazy. Three faceless corporations are keeping track of nearly everything I do with money and selling that information for a profit, which they keep, and forcing me and forcing me to do the work to keep their dataset clean because if they mess-up, they still keep the profit and get nothing.
For financial related jobs, I can understand having good credit, but for many other types of jobs, it's overused.
Companies can screen because they can weed out applicants using another filter. Having good credit for a lot jobs is just like a filter of whether or not the application has a college degree.
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