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Newest Job Qualification — A Good Credit History
Alien54 writes quotes an article from The Day that says "In the past, only banks and financial service companies routinely ran credit checks on potential employees. But employers in other sectors increasingly are including [credit checks] in the screening process to assess applicants' honesty and integrity, traits not readily gleaned from a résumé. US employers' use of credit checks increased 55 percent over the last five years, according to Spherion, a recruitment and staffing firm with offices around the country.... "The credit check has become a general measure of responsibility and organization," said industrial psychologist Carl Greenberg, senior vice president of Spherion. "If you cannot organize your finances, how are you going to responsibly organize yourself for a company? Organization is a measure of responsibility."
Is the good credit history from rich parents or hard work.
Is the bad credit history from circumstances outside your control, or the inability to control spending.
Most people I interact with have no spending control, they blame their poor credit on things happening, not their failure to have an emergency fund, or that they eat out 4 nights a week, have 2 cars, a boat and a pair of motorcycles.
I'm an international student studying in America. My credit rating is therefore practically zero, because I have no fixed long term address in the USA, few assets in the US, etc. To get a contract for my mobile phone I had to put down an extremely large deposit precisely because I had no credit rating. One of my concerns would be it can take a very, very, very long time for someone in my position to build up a good US credit rating, if even my rating at home is quite good...
My buddy wanted to be a cop, long story short his credit was bad because of his friend, and when the did a credit check they told him he cant have the job.
Turns out you're most likely to accept a bribe with bad history.
At least, the father of little Suzy exists. For all practical purposes, I don't. It has been indicated to me (and I checked it) that I don't exist in any credit-reporting databases. My SS number and name are nowhere to be found.
How was I able to achieve such a feat? Even since I came to the US back in 1995 I always paid in cash or personal check. Some large amounts, such as school tuition, were paid by check; everything else - including rent and car - by cash. For online shopping, I use my debit card. At one point I was stupid enough to apply for a credit card, at which point - having no credit - I've chosen a secured credit card. I haven't gotten it because the bank (Chase) couldn't verify my identity, despite me sending in the copy of my driver license and SS card.
At this point, I've got a good job. As such, I don't consider not being able to get another job to be high enough price for being outside of the credit system.
My first job out of college in 1992 (during a nasty recession) was as a car salesman. I almost didn't get the job (and then of course, I was asked to quit after two months because I was so lousy at it). Anyway, during the interview, the guy asked me if I gambled or did cocaine. I said "of course not" ... which was true BTW. Then he shook his head a bit and siad that the people who have expensive habits like that often make really good salesmen because they really need money.
What changed under Obama? Nothing Good
Except in special cases, my financial information is no business of my employer. I would never give my credit report to a prospective employer, period, unless they're going to give me a loan or something. If they have a problem with that, they can keep on looking for another candidate. And your example is also interesting... so the person wanted a part-time job and they initially didn't want to give it to her because it wouldn't be enough to pay her debts? If enough employers implement systems like that, it will make sure that someone that is in debt will be in debt forever.
Nope... candidates for jobs just need to say "no" to this trend. I've never been faced with it myself, but if I ever am then I'll just keep looking for some other employer.