Skip to main content

Bad credit doesn't make for bad employees

[graphic from Buffalo News]
An article in the New York Times today tells us this…
…researchers say there is no evidence showing that people with weak credit are more likely to be bad employees or to steal from their bosses…
Eric Rosenberg of the TransUnion credit bureau said, in testamony before Oregon legislators last January, "At this point we don’t have any research to show any statistical correlation between what’s in somebody’s credit report and their job performance or their likelihood to commit fraud.”

The article, "As a Hiring Filter, Credit Checks Draw Questions," tells us that legislatures in states across the country are now thinking about restricting or disallowing the use of credit reports in hiring determinations. A bill has been introduced in California, but is now stalled "because of opposition from credit bureaus and other businesses."

In the U.S. Government, too, there is interest in stopping employers' practices of using credit information to filter out resumes. Rep. Steve Cohen, a Tennessee Democrat, hopes to introduce legislation he is set to author to that effect.

Further, the article tells us the practice of using credit checks "unfairly tars the huge pool of people whose credit was damaged by layoffs, medical bills or other factors beyond their control. They also say it disproportionately screens out minorities."

Too, credit checks screen out capable homeless people who are seeking jobs in order to put their lives back together.  What a great shame it is that people most in need of employment are now being screened from getting employment by a means [ie, credit checks] that has no meaning in determining who might be the best employee.

A great many homeless people, having directly, personally suffered deprevations are especially motivated to be outstanding employees.

A recent post in California Credit Law blog, "Bad Credit Can Mean No Job," tells us this…
…The [Wall Street Journal] reports that 47% of employers check credit history for at least some positions. Most do so with respect to jobs with fiduciary or financial responsibility or for senior positions.

Employers can legally check credit if the applicant authorizes them to do so. Employment agencies point out that if the applicant refuses, there is little chance of getting a job.

Credit checks create a vicious cycle that prevents those who most need jobs from getting hired. At least one bill in Congress and some in the state legislatures would restrict credit checks except for specified positions.


BlueLady said…
It's about time this issue got wider audience. We awful liberals have been talking about this issue, using credit worthiness to hire someone/ or to use it for any reason at all other than asking for a loan/ simply gives too much power to the banksters. It's too bad our brother and sister Americans, those conservatives and others on the right, have been too busy hating us to look at the issues.

Let's hope that some solidarity can be reached by bringing all sides of working Americans together on this issue and put a stop to the big brother of corporations ruling our lives.
Tom Armstrong said…
Thanks for you wonderful comment, BlueLady! I agree with all that you've written.

I think that it is also true that people born into wealth get too much of a 'leg up' in the employment game. We simply must have a government that does a better job looking out for the little people.

The poor have enough difficulty. For us to be discriminated against on bases that have no merit whatsoever is an abomination.
Devid said…
Here is lots of useful information about Bank Accounts For Bad Credit also you can directly apply for prepaid mastercard, credit cards and debit cards.

Popular posts from this blog

The Mission Five Years Ago, And Today

I have spent the night the past two weeks plus at the Union Gospel Mission and am having an excellent time of it -- not only regards to sleeping in the dorm that the mission has, but also listening to the sermons that are delivered in the early evening. The Christmas music that is performed is also splendid. [And the food -- the FOOD -- has been fantastic during my stay so far! A happier Tom there couldn't be.] I chatted with a pal last night about The Mish – about how things were about five years ago when we both used the mission’s services frequently, and how thing are, today.
Five years ago, there were a lot scuffles between the guys when the front gate was opened in the early afternoon and in the area near the contact window there were some brawls as guys fought over where guys were in line to get a bed in the dorm.
Nowadays, however, the mission is very much a peaceful place both on the grounds of the facility and and out on the street.
I do not know what transformative eve…

Homeless Sacramentans lose case that would have given them the right to set up outdoor camping

8/11/13 I certainly give attorneys Mark Merin and Cat Williams credit for pursuing a case against the city of Sacramento to give homeless Sacramentans the right to set up tents and a campsite. I wanted them to win their case, but they didn't. They lost it.

BUT, it is also necessary to look at the particulars of the case that Merin and Williams brought and see that the situation underlying the court case was not very compelling.

During the period eight years ago when 22 homeless campers set up their tents and brought in supplies to Mark Merin's vacant lot at C Street, near 12th, there was loud noise and plenty of other mayhem. Drug dealers were on the street encouraging buys from the campers. The Hernandez couple that lived in a house nearby were constantly being taunted by the campers, disrupting their lives.

Per always with Safe Ground camps, calm was deserted for the sake of boisterousness.

Leader John Kraintz and the other Safe Grounders would claim to have signed strict a…

After a Three-Month Hiatus, a Fall from a Ladder & a Broken Wrist, Evangelist Jimmy Roughton Returns to Union Gospel Mission to Preach

After being away from Union Gospel Mission for a quarter of a year, Jimmy Roughton returned to preach at UGM on the cold night of December 13 -- despite suffering [a little? a lot? dunno.] from a fall from a ladder that likely immediately preceded a significant injury (a wrist that was broken).

It was good to see his group from Capital Free Will Baptist Church up on the pulpit, with Roughton rough-and-ready to seduce and inspire the happily-captivate crowd at UGM.

Roughton told us in his opening words that he was now in his 27th year coming to the mission.

I recall the first preaching I had heard from Roughton on June 13, 2009. At that time and up to the current time, Roughton is the only preacher I had ever heard evoke Pascal's Wager -- which is something he would do, occasionally thereafter at the mission. He would evoke Pascal's wager, yet again, last night [12/13/17].

Pascal's wager

Last night, Jimmy evoked Pascal's Wager. He did so near the end of his talk, citing …