Should companies base their hiring decisions on ones consumer credit report?

  1. paulburchett profile image68
    paulburchettposted 5 years ago

    Should companies base their hiring decisions on ones consumer credit report?

    What if a person is the perfect match for the job but has fallen on hard times and have ruined their credit score?

  2. MPChris profile image80
    MPChrisposted 5 years ago

    Many business owners would say yes. That the quality of one's credit shows the quality of one's character. This, in my opinion, is no different, than in the olden days, when companies used to control entire towns and would monitor their personal activity from church attendance to their children's grades. Its a form of paternalism, which our modern workforce typically resents and for good reason.

    However, this form of credit paternalism is even worse. At least in the company towns, they provided church, schools, etc for the working class; therefore actively trying to promote the behaviors they were looking for. In the case of good credit, the company has had no role in your relative feast or famine prior to your coming to work for them, so they should have no role in judging your credit situation.

    At the very least, even if that doesn't tread water, I would think that there is an argument that it is an invasion of privacy.

  3. Patty Inglish, MS profile image93
    Patty Inglish, MSposted 5 years ago

    Credit checks do not correlate statistically, even marginally, with good work results and good working qualities in individuals. US States began to outlaw the credit checks as grounds for employment within the last couple of years; I wrote about that at … -Questions