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. #41
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    Re: Should employers be able to run credit checks?

    No, employers should not be allowed to do this.

    They shouldn't be allowed to drug test either (unless it's necessary for that specific role, like handling heavy machinery or law enforcement)

    They also shouldn't be able to find out about expunged/sealed records and hold that against potential employees.

  2. #42
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    Re: Should employers be able to run credit checks?

    Quote Originally Posted by molten_dragon View Post
    Yes, if you're trying to get a job in the few fields where that information might be relevant. Otherwise, it's none of the company's business. The other reason I don't want them doing it is because having too many checks on your credit in a short period of time can actually hurt it. If every company started doing this, and you were applying to lots of jobs, your credit score might actually end up going down just because of all the companies running credit checks on you.
    As long as it's a soft pull, it would have no bearing on your credit score.
    Only hard pulls, those made seeking credit, are counted.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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  3. #43
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    Re: Should employers be able to run credit checks?

    Quote Originally Posted by Voltaire X View Post
    No, employers should not be allowed to do this.

    They shouldn't be allowed to drug test either (unless it's necessary for that specific role, like handling heavy machinery or law enforcement)

    They also shouldn't be able to find out about expunged/sealed records and hold that against potential employees.
    I agree. Businesses seem to be getting way into people's personal lives and into things that are really totally none of their business. Stay out of my private life!

  4. #44
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    Re: Should employers be able to run credit checks?

    Quote Originally Posted by OnWisconsin View Post
    Or it might just be an indicator that one needs a job.
    it may be an indicator of a lot of things
    but for an employer wanting to minimize the risk of a bad hire, disqualifying those with blemished credit histories could be prudent
    we are negotiating about dividing a pizza and in the meantime israel is eating it
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  5. #45
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    Re: Should employers be able to run credit checks?

    Quote Originally Posted by Connery View Post
    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.
    [emphasis added by bubba]

    i do not believe the discussion is about the use of credit reports ALONE to make a hiring decision but whether they should be allowed among the array of tools to evaluate prospective hires

    with few exceptions, a credit check most definitely does show who has more sense when it comes to handling money
    otherwise lenders would have no reason to conduct credit checks
    just as those with no arrest records are more likely to be obedient those with sound credit histories are more likey to be fiscally prudent
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  6. #46
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    Re: Should employers be able to run credit checks?

    Quote Originally Posted by Superfly View Post
    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.
    an employer could find the blighted credit history and probe deeper by asking more questions about the circumstances which led to the blemishes
    i do not believe anyone is saying don't hire people only because of tarnished credit histories but to use that information as one factor among others when effecting the hiring decision
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  7. #47
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    Re: Should employers be able to run credit checks?

    Quote Originally Posted by Voltaire X View Post
    No, employers should not be allowed to do this.

    They shouldn't be allowed to drug test either (unless it's necessary for that specific role, like handling heavy machinery or law enforcement)
    sure they should
    the employee becomes the face of the company. it is not unreasonable for them to want that face to be one which does not indicate signs of impairment

    They also shouldn't be able to find out about expunged/sealed records and hold that against potential employees.
    if something has been expunged, how would they know about it?
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  8. #48
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    Re: Should employers be able to run credit checks?

    Quote Originally Posted by ChrisL View Post
    I agree. Businesses seem to be getting way into people's personal lives and into things that are really totally none of their business. Stay out of my private life!
    no one is compelling you to apply for a job where such background checks are conducted
    the price of possible admission is a willingness to comply with the employer's needs
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  9. #49
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    Re: Should employers be able to run credit checks?

    Eh, credit checks aren't nearly as awesome as FB checks. Much more information through FB, though you'd have to do more than look at a credit rating number to interpret it.

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    Re: Should employers be able to run credit checks?

    Quote Originally Posted by justabubba View Post
    [emphasis added by bubba]

    i do not believe the discussion is about the use of credit reports ALONE to make a hiring decision but whether they should be allowed among the array of tools to evaluate prospective hires

    with few exceptions, a credit check most definitely does show who has more sense when it comes to handling money
    otherwise lenders would have no reason to conduct credit checks
    just as those with no arrest records are more likely to be obedient those with sound credit histories are more likey to be fiscally prudent
    That was my opinion about credit checks. My FICO score is very high thankfully. but that is meaningless when it come to demonstrating whether I would be a good employee. In fact, I am a very bad employee, which is why I opened my own shop.

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