When you put in a job application, the employer might check your credit report. Why? To predict job irresponsibility or financial overload that could interfere with the job. In some financial jobs, credit reports are used to assess the risk of embezzlement or other financial dishonesty.
You do have the right to view the report and dispute any inaccurate information if the employer takes some adverse action against you based on your report.
But is a credit report a reliable way to predict how someone will perform on a job? Does having several past due bills indicate that you can’t or won’t perform well?
In 2009, the Equal Employment for All Act was introduced to Congress. The law would prevent many employers from checking credit reports for current and prospective employees. But, the law hasn’t moved far in the legislative process.
What do you think? Should employers be allowed to use your credit report in hiring, promotion, and reassignment decisions?
More Reading:
- When To Check Your Report
- How to Prepare a Credit Credit
- Who Checks Your Credit Report?
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- The Effects of Bad Credit on Job Searching
- What Personal Data Is On My Credit Reports?
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Tags: Credit, Credit Reports
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