Ever since the economy took the downturn, credit has been very hard to come by. For example a 700 credit score could you get a
house, car, and a personal loan at a great rate. However today 700 is considered an average score. We need to realize our credit score is our life.
Employers typically examine a potential employee’s credit history to judge trustworthiness and decision-making skills. These are worthwhile tests for a future employee, but ones that can be made elsewhere in the application process. If an interview, references, job history, and background check aren’t enough, then it’s probably time to turn the hiring process around and search for some new human resources personnel. However, these two most common reasons for credit checks are fraught with problems deeper than their frivolousness. Employers do not want to hire someone who has been irresponsible with their money.
The argument is that if you have made poor personal decisions they will lead to poor business decisions. However, after the housing bubble burst, increase in predatory lending and an ever-complicating credit bureaucracy, many well-qualified job candidates might be considered “risky” investments. Credit checks descriminate against the poor. They don’t take into consideration those who have had a few bumps along the road and are trying to make things right. Only a few states (Washington state, Oregon, Hawaii) have taken the steps and made sure they do not disqualify a potential canidate based on credit worthiness. However, for the rest of the country you need to make sure your credit report has accurate information and all negative information is removed.
Juan Galvan
Account Manager at Vision Consulting Group
Better Credit, Better Life www.visioncreditrepair.com
