This is one stupid reason if you are out of work then you have to use what money you have saved up to spend on your main bills(Roof,electric and food) I do not understand this and will never agree with this anyway Take Care and God Bless

It’s ridiculous! They should be allowed to check your criminal records, past job performances and your ability to do the job applied for and not your credit report.

You should consider that an employee that is financially distressed – even for legitimate reasons – might be more likely to steal from their employer than one who is not financially distressed. When it comes down to feeding your family or losing your home, even the most honest people can fall off the path. Try to see it from the employer’s standpoint. Employee dishonesty, “under the counter” deals & outright embezzelment are major causes of financial loss to businesses. If you had to chose between 2 comparable job candidates the potential exposure for employee dishonesty would be a legitimate issue.

I read today that only 42% of all employers run a credit check.Mostly those jobs where money is handled.So get a job at the 58% who do not do a credit check.

This is NOT new. They have been doing credit checks for YEARS. Having bad credit is a indication of someone who has money trouble and is irresponsible handling money. As en employer, you don’t want to hire someone with money trouble, because these are the people who tend to steal from their employers. No employer uses credit as a sole criteria, but if you have two equally qualified candidates and one has a 750 FICO and the other has a 500 FICO and is on the verge of bankruptcy owing $50k in credit card debt, which one do YOU want running YOUR business?

Amen to that!. I have been a victim of that as well. Husband got cancer
Cound’nt pay the rent etc etc. Best of luck to all who have had this happen to them. If you didn’t need $ to pay your bills, why would you be applying for a job?

The company has to look out for its shareholders in the base way possible. If studies have been done that indicate high credit score = good employee, why not use that to your advantage (until congress passes laws saying you can’t discriminate by it)