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. #31
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    Re: Should employers be able to run credit checks?

    Quote Originally Posted by Tigger View Post
    True. However it is much easier to blackmail someone who is in financial/credit trouble.
    Having a low credit score does not make you any more prone to black mail than someone with a high credit score.Last I checked it is not illegal to have a low credit score,so there is nothing to black mail someone over.So that is not something to black mail someone with.Its like blackmailing someone because they have a ford truck,absolutely pointless. Again a poor credit score is not a indicator of a poor character.Having a poor credit score does not make you any more susceptible to bribery than someone with a good credit score.


    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.
    No it doesn't.A credit score is a indicator of how easily you can borrow and pay your debts off. There are all sorts of valid reasons for having poor credit.Job loss, family emergency, medical emergency and so on.
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  2. #32
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    Re: Should employers be able to run credit checks?

    This is something that really bothers me. For a while, I had bad credit. I had an ex husband who loved to borrow money, but instead of paying it back, he wanted to buy video games or go out to eat. My credit was absolutely shot when we finally divorced. Slow pays, no pays, collections - everything. It took me years and years and lots of money to rebuild my credit. My credit is good now, but 10 years ago, I couldn't borrow enough to buy a pack of Juicy Fruit.

    I think that a solid work history, and a criminal history / background check is more than sufficient, and if you are driving as part of your job, an MVR. Nothing else is going to affect how well you do your job.

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    Re: Should employers be able to run credit checks?

    Quote Originally Posted by jamesrage View Post
    Having a low credit score does not make you any more prone to black mail than someone with a high credit score.Last I checked it is not illegal to have a low credit score,so there is nothing to black mail someone over.So that is not something to black mail someone with.Its like blackmailing someone because they have a ford truck,absolutely pointless. Again a poor credit score is not a indicator of a poor character.Having a poor credit score does not make you any more susceptible to bribery than someone with a good credit score.
    I disagree. More importantly the Federal Government disagrees in the case of the job I do. NERC and FERC require these things for electrical dispatch employees.

  4. #34
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    Re: Should employers be able to run credit checks?

    Quote Originally Posted by Superfly View Post
    This is something that really bothers me. For a while, I had bad credit. I had an ex husband who loved to borrow money, but instead of paying it back, he wanted to buy video games or go out to eat. My credit was absolutely shot when we finally divorced. Slow pays, no pays, collections - everything. It took me years and years and lots of money to rebuild my credit. My credit is good now, but 10 years ago, I couldn't borrow enough to buy a pack of Juicy Fruit.

    I think that a solid work history, and a criminal history / background check is more than sufficient, and if you are driving as part of your job, an MVR. Nothing else is going to affect how well you do your job.
    no
    the employer is entitled to vet the prospective employee in a way which is beneficial to that employer
    if given the opportunity to hire two qualified employees, but where one had a blighted credit history and the other did not, it would normally be wise to select the one with the unblemished record
    the employer might want to inquire further to assess whether the credit history was reflective of bad judgment rather than bad luck, but all other things being equal, the clean credit history should work to that applicant's advantage
    this is but one tool in an employer's tool box; making good hires is essential to sound business operations
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  5. #35
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    Re: Should employers be able to run credit checks?

    As someone who has had to hire and fire countless people, their credit never meant diddly to me, and I ran businesses where my employees were responsible for quite a bit of cash. Credit checks were ran on each employee (against my better judgement but it was company policy) and some of the best people I've ever had had lousy credit. I never let someone's credit affect whether or not I would hire them.

  6. #36
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    Re: Should employers be able to run credit checks?

    Quote Originally Posted by Superfly View Post
    As someone who has had to hire and fire countless people, their credit never meant diddly to me, and I ran businesses where my employees were responsible for quite a bit of cash. Credit checks were ran on each employee (against my better judgement but it was company policy) and some of the best people I've ever had had lousy credit. I never let someone's credit affect whether or not I would hire them.
    and have you gone back to your hiring and firing history and compared those who have done well and those who have not and examined whether their credit history was predictive of their success or failure
    if not, you offer us nothing other than you ignored your company's hiring criteria (relative to evaluating credit history) which may have been a bias introduced because of your own credit history circumstance

    if someone is making poor personal credit decisions why would it not be likely that they would also be more likely to make poor decisions as my employee, when compared to someone without a blighted credit history
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  7. #37
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    Re: Should employers be able to run credit checks?

    Quote Originally Posted by justabubba View Post
    due diligence by the employer
    given the abundance of prospective employees it allows the employer to select the one who has the qualifications and a clean credit history
    a blight on one's credit report may be an indicator of irresponsibility
    Or it might just be an indicator that one needs a job.
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    Re: Should employers be able to run credit checks?

    this would hinder recovery efforts and widen the gap between the lower and middle and the middle an upper classes.
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    Re: Should employers be able to run credit checks?

    No employer should not have access to credit scores as it is superfluous and onerous. I have never used that when I hired people. Access and use of a credit score in the hiring process can be used to create an imbalance in the negotiation of salary process.

    The hiring company has many other methods of discovering who the prospective hire is, whether they are trustworthy and have the wherewithal to do the job. Employers should have insurance that should cover losses should their employees misappropriate funds. I have handled many situations where heavily vetted financial people absconded or otherwise embezzled company or pension funds. A credit check did not serve to "flush out" those who would be more prone to such activities or show who would be more trust worthy. A credit check, alone, does not show who has more sense when it comes to handling money.

  10. #40
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    Re: Should employers be able to run credit checks?

    Quote Originally Posted by justabubba View Post
    and have you gone back to your hiring and firing history and compared those who have done well and those who have not and examined whether their credit history was predictive of their success or failure
    if not, you offer us nothing other than you ignored your company's hiring criteria (relative to evaluating credit history) which may have been a bias introduced because of your own credit history circumstance

    if someone is making poor personal credit decisions why would it not be likely that they would also be more likely to make poor decisions as my employee, when compared to someone without a blighted credit history
    Well I certainly was glad that someone looked past my blighted history and gave me a chance. Sometimes people make mistakes, sometimes people get involved in bad circumstances like spouses who don't want to pay the bills. Do you know what the housing crash has done to people's credits now? In Las Vegas, 12% of the homes are in foreclosure. That means 12% of the people who have credit scores probably in the low 500s, and will be there for a long time. That's just the people who own homes. That's alot of people to be snubbing your nose at, just because they don't meet your hiring criteria.

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