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For some unknown reason, you keep trying to tie this to performance. The nexus has absolutely nothing to do with performance. Read my post again.
I don't see where you are going. We are not talking security clearances where financial instablity might be disabling.
We are talking model makers, draftsmen, techs and engineers. I would think stealing or selling concepts would be a performance problem.
If I turn down a good black draftsman because he had a foreclosure five years ago I would think I run a strong risk of getting a discrimination complaint.
And how, exactly, is said black draftsman going to prove that he wasn't chosen for the job because he is black? People get turned down for jobs all the time. You don't really have a good discrimination complaint unless you can actually prove racial discrimination.
And how, exactly, is said black draftsman going to prove that he wasn't chosen for the job because he is black? People get turned down for jobs all the time. You don't really have a good discrimination complaint unless you can actually prove racial discrimination.
Any number of mechanisms. One that can easily occur is that someone in the drafting dept notes that 18 hires were made and not a black among them. He or she tips the applicant.
Or the local referral service discovers that hiring is running well whiter than natural selection would indicate. Or a local social service with a mainly black clientele finds that it is not doing as well as a counter part on the other side of the RR tracks.
Or the applicant just does not care for the way he was treated...and the follow up from the gov finds disproportionate rejection of some group.
Why are you turning a credit thread into a racial thing. Nobody said anything about a minority applicant.
Quote:
Originally Posted by olecapt
I think you will find that minority members generally have worse credit scores and histories than non-minorities. So if you use that as a criteria you are very likely to be charged with discrimination.
What if it were two minority applicants and one had unresolved debt. He decided that it just didn't make sense to fulfill his obligation. Who would you chose?
Why are you turning a credit thread into a racial thing. Nobody said anything about a minority applicant.
What if it were two minority applicants and one had unresolved debt. He decided that it just didn't make sense to fulfill his obligation. Who would you chose?
The point was that thinking employers run the hiring process on job related variables. The credit report thing may well be reasonable on those requiring a security clearance or those with financial responsibilities. But a draftsman? I don't think so. Practically it is quite legal to not hire red heads...or left handers. I would put a person with a foreclosure or a short sale in the same category...it has absolutely nothing to do with their ability to do the job.
We don't run credit checks on our medical applicants. Especially Vegas, I would think everyone's aware of the personal struggles many have and would overlook a banged up credit report for a good applicant. Even renters with bad credit but good jobs go ahead of those with bad jobs and good credit. After market bolt-ons is another story.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,763,471 times
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Quote:
Originally Posted by bledsoe3
If he could even get a loan in one year, he would be consider a risk and his interest rate would be raised. Verses perfect credit, it could be a difference of hundreds a month. Even 1% on $175K is $200 a month.
If you held the note on his house, what your opinion be? Would you loan him money again in one year? If so, what premium would you charge him 2%, 3% or more?
I would not have been stupid enough to make 100% loans in a real estate bubble. Anybody that did not see this coming was blind.
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