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Thread: Quinn signs bill limiting employment credit checks

  1. #21
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    Re: Quinn signs bill limiting employment credit checks

    Quote Originally Posted by The Giant Noodle View Post
    I DID IT!!!!!!!!!!!!!!!!!!!!!!!!! I called Governor Quinns office yesterday and said that there is a bill sitting on his desk that would disallow businesses to check the credit for pre-employment individuals... House Bill 4658... Bill may ban pre-employment credit checks and its been sitting there for many weeks. I then stated that it would be VERY beneficial to the people of Illinois plus very popular too. I urged him to sign it. (might have even said 'please' )

    Guess what I heard on the radio today

    Quinn signs bill limiting employment credit checks | abc7chicago.com

    August 10, 2010 (CHICAGO) (WLS) -- People with bad credit will have one less thing to worry about when they're looking for a new job.

    Gov. Pat Quinn signed a new law Tuesday that prohibits employers from using a person's credit history when it comes to getting a job.

    However, one of the bill's sponsors says there are exceptions to the new law, including people who work in banking and insurance because they have access to confidential financial information. There are other exceptions as well.

    Quinn says the bill aims to prevent employers from discriminating against would-be workers because they have bad credit in a tough economy.

    Supporters of the bill say the unemployed are trapped in a cycle where they can't pay their bills without a job but can't get a job because they have bad credit.


    (Copyright ©2010 WLS-TV/DT. All Rights Reserved.)



    WOOOOOOOO HOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    Congratulations, Noodle. Good for you. Who can know if you made the difference? I'm sure business lobbied against it. Maybe you were the 10th or 100th person who bothered to call. G o o d f o r y o u ! ! !
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

  2. #22
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    Re: Quinn signs bill limiting employment credit checks

    Bad credit is a risk factor to an employer. People with bad credit are statistically more prone to theft of material goods, or deceptive character. It is not to say that everyone that has bad credit will steal, nor is it to suggest that people with bad credit are always deceptive, but it does correlate statistically.


    Tim-
    “When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.” - P. J. O’Rourke
    “Socialism is great until you run out of someone elses money” Margaret Thatcher

  3. #23
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    Re: Quinn signs bill limiting employment credit checks

    Quote Originally Posted by TOJ View Post
    I am a hirer, not a hiree.

    We do full background checks, including credit, on all employees before hire and periodically thereafter. If you don't like it, don't apply for a job with us.

    .
    What, may I ask, does your business do and what do you usually hire people to do?


    Quote Originally Posted by Hicup View Post
    Bad credit is a risk factor to an employer. People with bad credit are statistically more prone to theft of material goods, or deceptive character. It is not to say that everyone that has bad credit will steal, nor is it to suggest that people with bad credit are always deceptive, but it does correlate statistically.
    Can we see these statistics?
    Last edited by Hoplite; 08-11-10 at 02:07 AM.
    I'm Done

    See my last post

  4. #24
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    Re: Quinn signs bill limiting employment credit checks

    Quote Originally Posted by Hoplite View Post
    What, may I ask, does your business do and what do you usually hire people to do?


    Can we see these statistics?
    Here's one explaining the concept of loss due to poor credit scores. Loss is the key word here. Loss can take on any number of variables, but the SUM will always be a loss. It doesn't matter what industry you're in the concept is the same.


    Excerpt:
    Conclusion
    This study analyzed a large random and representative sample of automobile insurance policies
    from the Texas market to determine if: 1) credit history and losses were statistically related and 2)
    whether such a relationship, if it exists, is explained by standard underwriting variables. The
    analysis found that incurred losses on individual policies are statistically significantly related to
    the credit score of policy’s named insured (see Chart 6). Additionally, incorporating
    underwriting variables used by the companies through the use of relative loss ratios, it was found
    that there was still a statistically significant relationship between credit score and the relative loss
    ratio for policies (Charts 4, 5), so standard underwriting variables do not explain the observed
    statistically significant relationship between credit scores and losses. (The correlation between
    credit score and relative loss ratio is .95, which is extremely high and statistically significant.)
    The lower a named insured’s credit score, the higher the probability that the insured will incur
    losses on an automobile insurance policy, and the higher the expected loss on the policy.

    Link


    Tim-
    “When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.” - P. J. O’Rourke
    “Socialism is great until you run out of someone elses money” Margaret Thatcher

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    Re: Quinn signs bill limiting employment credit checks

    Quote Originally Posted by Hicup View Post
    Here's one explaining the concept of loss due to poor credit scores. Loss is the key word here. Loss can take on any number of variables, but the SUM will always be a loss. It doesn't matter what industry you're in the concept is the same.


    Excerpt:


    Link


    Tim-
    I dont think you can look at an ill-defined concept of loss from that and determine that those with lower credit scores are more likely to steal from you. There are many more studies to suggest that employees who feel unappreciated and mistreated are more likely to steal from an employer than those with low credit.

    I object to credit checks because I see it as a form of economic discrimination and the check is usually out of context.
    I'm Done

    See my last post

  6. #26
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    Re: Quinn signs bill limiting employment credit checks

    Quote Originally Posted by Hicup View Post
    Bad credit is a risk factor to an employer. People with bad credit are statistically more prone to theft of material goods, or deceptive character. It is not to say that everyone that has bad credit will steal, nor is it to suggest that people with bad credit are always deceptive, but it does correlate statistically.


    Tim-
    You sir, are denying ME of a job. I am the BEST employee you could EVER have... yet you look at my PERSONAL information and determine something OTHER? And BY THE WAY..... your statistics come from a 2003 survey. And even THAT isnt accurate!!!!!!
    Last edited by The Giant Noodle; 08-11-10 at 02:35 AM.
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    This is the worst kind of discrimination. The kind against ME! ~ Bender

  7. #27
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    Re: Quinn signs bill limiting employment credit checks

    Quote Originally Posted by The Giant Noodle View Post
    You sir, are denying ME of a job. I am the BEST employee you could EVER have... yet you look at my PERSONAL information and determine something OTHER? And BY THE WAY..... your statistics come from a 2003 survey. And even THAT isnt accurate!!!!!!
    Nobody determines anything. You lack reading skills. Read what I wrote. I went out of my way to iterate that the correaltion does not mean all will do this, or all will do that, only that many will. As many enough to cause a risk factor to the company. Think of it this way. If you as the employer are in demand of employees, and there are a vast number of applicants, and you use any number of deciding criteria between one employee over the next. One of them might be the correlation between those with bad credit score, and those without. All else being equal between the two candidates, you analyze their bad credit scores. You as the employer are free to decide from there.

    What would you decide?


    Tim-
    “When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.” - P. J. O’Rourke
    “Socialism is great until you run out of someone elses money” Margaret Thatcher

  8. #28
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    Re: Quinn signs bill limiting employment credit checks

    Quote Originally Posted by Hicup View Post
    Nobody determines anything. You lack reading skills. Read what I wrote. I went out of my way to iterate that the correaltion does not mean all will do this, or all will do that, only that many will. As many enough to cause a risk factor to the company. Think of it this way. If you as the employer are in demand of employees, and there are a vast number of applicants, and you use any number of deciding criteria between one employee over the next. One of them might be the correlation between those with bad credit score, and those without. All else being equal between the two candidates, you analyze their bad credit scores. You as the employer are free to decide from there.

    What would you decide?


    Tim-
    Youre lacking a brain! And your mother is a watermellon!
    CORPORATE GREED AND UNION GREED
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    This is the worst kind of discrimination. The kind against ME! ~ Bender

  9. #29
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    Re: Quinn signs bill limiting employment credit checks

    Quote Originally Posted by The Giant Noodle View Post
    Youre lacking a brain! And your mother is a watermellon!
    Hehe.. I prefer to think of her as a canteloupe.. But I won't parse words.


    Tim-
    “When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.” - P. J. O’Rourke
    “Socialism is great until you run out of someone elses money” Margaret Thatcher

  10. #30
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    Re: Quinn signs bill limiting employment credit checks

    Quote Originally Posted by Hoplite View Post
    What, may I ask, does your business do and what do you usually hire people to do?
    ....
    Sure, you can ask.

    .

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