Job Seekers Find Another Hurdle to Employment
As if there is not enough bad news for those millions out of work, here is another hurdle many will face and may prevent them from getting the job even though they are fully qualified, interviewed well:
Seems like many employers run credit checks on the applicant to see if the person they hire is not in debt. Usually, the applicant themselves approve of the check because if they don't, they will not be considered at all. Companies run the check to look for indications about how responsible the person is, debt, and patterns of debt over time. About 47% of employers do this check as part of a background check, so, a person may not even know their credit is being checked. If the applicant is in debt and has collection agencies or lawsuits, this is a bar to employment for some companies.
Some applicants have not worked for one or two years and have lived off thier wealth of savings, unemployment and retirement. Some have the qualifications and have aced their interviews. Then, get a letter stating another is selected because of their poor credit standing. After so much time and draining one's resources, the applicant is bound to end in debt and have agencies collecting.
Being qualified for the job is no longer the only thing considered in today's job market.