Could A Low Credit Score Cost You A Job?

There is a very interesting article in todays Boston Globe entitled ‘Qualification: Must have a good credit history‘. Apparently a rising trend among employers is to check your credit history and use that as part of the qualification process for new hires. From the article.

LaToya Horton was temping at a management consulting firm in Boston last January when it offered her a full-time job as a clerk. Then, the firm said it needed to check her credit. Horton, 30, of Dorchester, didn’t get the job after her credit report showed $18,000 in deferred student loans.

How far is too far with reguards to your privacy and credit history? Full article text below the cut.

Qualification: Must have a good credit history
Increasingly, employers are considering how much you owe, along with your résuméBy Diane E. Lewis, Globe Staff | September 5, 2006

LaToya Horton was temping at a management consulting firm in Boston last January when it offered her a full-time job as a clerk. Then, the firm said it needed to check her credit.
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Horton, 30, of Dorchester, didn’t get the job after her credit report showed $18,000 in deferred student loans.

“My credit wasn’t perfect, but I never thought my student loans would go against me,” said Horton. “The company said I could reapply once I had two years of excellent credit, but there is no way I am going to be able to pay off those loans that quickly.”

Read it all here http://www.thefinancejourney.com/personal-finance/could-a-low-credit-score-cost-you-a-job/

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SEE ALSO  - Unnecessary Credit Checks and the EEOC  - "'The Equal Employment Opportunity Commission" - EEOC has been urging companies to take caution in regards to utilizing credit checks in their employment screening decisions. Credit Checks have a potential

Complying with the Fair Credit Reporting Act (FCRA) in Four Easy Steps - Quick summary: Under the federal Fair  Credit Reporting Act (FCRA), an employer has legal responsibilities regarding adverse action notices where a consumer report, in whole or in part results in an

Uniform Guidelines of the Employment Selection Process - UGESP -...  tests, personality tests, medical examinations, credit checks, and criminal background checks. The use of tests and other selection procedures can be a very effective means of determining which ...

Using Consumer Reports: What Employers Need to Know Your advertisement for cashiers nets 100 applications. You want credit reports on each applicant. You plan to eliminate those with poor credit histories. What are your obligations? You are considering ...

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