View Poll Results: Should employers be able to run credit checks?

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Thread: Should employers be able to run credit checks?

  1. #21
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    Re: Should employers be able to run credit checks?

    Quote Originally Posted by 99percenter View Post
    Should employers be able to run credit checks for prospective employees? I personally think if a person is unemployed and has trouble paying bills it would just make things worse if you cant get a job because of your credit.
    I voted YES. I would suggest that there should be some reasonable limits on it, but there are a large number of jobs where it can be a very important part of the interview process....

    I work for an electric utility company. The area of the company I work in, the physical location of my desk, and the information I have access to all make me the sort of person who could be subject to blackmail for sensitive information and access. Due to that, I am required to take security training and testing, and to be subject to a barrage of background checks on a yearly basis. We have a new employee starting tomorrow. He had to pass a full background, CORI, and credit check in addition to a physical and drug/alcohol testing (which I'm also subject to at any time).

    Now imagine the potential for damage to a business like a bank, a police department, etc.... that could be in place if someone has a very poor credit rating.

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    Re: Should employers be able to run credit checks?

    Quote Originally Posted by Tigger View Post
    I voted YES. I would suggest that there should be some reasonable limits on it, but there are a large number of jobs where it can be a very important part of the interview process....

    I work for an electric utility company. The area of the company I work in, the physical location of my desk, and the information I have access to all make me the sort of person who could be subject to blackmail for sensitive information and access. Due to that, I am required to take security training and testing, and to be subject to a barrage of background checks on a yearly basis. We have a new employee starting tomorrow. He had to pass a full background, CORI, and credit check in addition to a physical and drug/alcohol testing (which I'm also subject to at any time).

    Now imagine the potential for damage to a business like a bank, a police department, etc.... that could be in place if someone has a very poor credit rating.
    Discriminating about someone with poor credit isn't much different than discriminating against him because he's been out of work. I think a background check should be sufficient. That, and the proper controls that every business should have in place, ought to be enough. We shouldn't be kickin' people when they're down, in my opinion.
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    Re: Should employers be able to run credit checks?

    Yes, they should. If the job is such that misappropriation of funds is a possibility. What it ultimately comes down to, is that companies disclose what sorts of pre-employment screening will be done. If you're not okay with having a credit check run, then you should probably seek employment elsewhere.

    My employer runs background checks with the state and with national registries, an MVR and a drug screen. If I didn't want my employer to have that information, I would have sought employment elsewhere.

    People do have a choice.

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    Re: Should employers be able to run credit checks?

    Maybe if your job is to do with handling money, like an accountant or something. Otherwise, no. I don't think an employer has a right know everything about your personal life. Don't forget that bad things on your credit report stay for at least 7 years, even if you pay them off (although they make a notation). And I have to agree with what other posters have said in that in this economy, that is rather harsh.

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    Re: Should employers be able to run credit checks?

    I mean really, what's next? How many relationships have you had because we want to know how loyal of an employee you will be?

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    Re: Should employers be able to run credit checks?

    Quote Originally Posted by MaggieD View Post
    Discriminating about someone with poor credit isn't much different than discriminating against him because he's been out of work. I think a background check should be sufficient. That, and the proper controls that every business should have in place, ought to be enough. We shouldn't be kickin' people when they're down, in my opinion.
    Maggie, if I were to choose to, I could seriously disrupt the electrical operations of the third largest electric company in the United States based on my job location. Don't you think the company I work for should have the ability to know whether or not I might be in a financial position to be influenced into doing so by someone who might be able to take advantage of any financial and credit issues I might have? I certainly think so. So does the Federal Government, because it's the NERC and FERC that REQUIRE these checks BY LAW.

    Then again, my father worked in a job where he was legally restrained from going to certain foreign countries due to the security clearances he held.

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    Re: Should employers be able to run credit checks?

    Quote Originally Posted by 99percenter View Post
    Should employers be able to run credit checks for prospective employees? I personally think if a person is unemployed and has trouble paying bills it would just make things worse if you cant get a job because of your credit.
    I say no.There is no reason for an employer to know your credit history. Your credit history basically tells your ability to pay off your debts, not how well you do a job. The only way a credit history would be relevant is if the job you are applying for requires that you use your own name instead of the Company's name to borrow money and I seriously doubt there are any places like that.A poor credit history doesn't make you a thief or some other bad person.
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    Re: Should employers be able to run credit checks?

    Quote Originally Posted by jamesrage View Post
    I say no.There is no reason for an employer to know your credit history. Your credit history basically tells your ability to pay off your debts, not how well you do a job. The only way a credit history would be relevant is if the job you are applying for requires that you use your own name instead of the Company's name to borrow money and I seriously doubt there are any places like that.A poor credit history doesn't make you a thief or some other bad person.
    What it does is to place you in a position to possibly be blackmailed into using your influence, information, and access to do things you are not supposed to and that may be damaging to the company, it's clients/customers, and its operations.

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    Re: Should employers be able to run credit checks?

    Quote Originally Posted by Tigger View Post
    What it does is to place you in a position to possibly be blackmailed into using your influence, information, and access to do things you are not supposed to and that may be damaging to the company, it's clients/customers, and its operations.
    How so? You can be black mailed regardless if you have a good credit history or a poor credit history.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

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    Re: Should employers be able to run credit checks?

    Quote Originally Posted by jamesrage View Post
    How so? You can be black mailed regardless if you have a good credit history or a poor credit history.
    True. However it is much easier to blackmail someone who is in financial/credit trouble. Especially since it shows a tendancy to not be able to deal with money and is likely to mean they're just going to get in deeper trouble as things go on.

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