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Mykle Ykle

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Should employers not hire you or fire you when they discover your bad credit history?

It has been a sad situation for me and many others in the USA (I don't know if this is an issue worldwide) I have great qualifications and work experience. Yet, in the majority of states you are obligated to submit to a criminal background check which is completely understandable, but that also includes a credit check. I understand that a credit check should be mandatory for executive, banking, casinos and industries directly involving money. Sadly, those of us with bad credit are being discriminated for regular jobs i.e. retail, call centers, customer service.

The government, banks and debt collectors wants their money, as they should. Yet, if you have bad credit, it's a lot harder to find a job making it impossible to get out of debt, let alone be a productive citizen.

This is an issue that is not widely discussed, I've searched online and there are some bills being proposed to end this discrimination but I don't think is really going anywhere.

I would like to have the TED community input in the most civil way possible.

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  • Feb 6 2013: it's a great question and i don't think there's an easy answer. if it were me i'd probably take the information as a sign that this person *may* have trouble with planning for the future, but i'm not so stupid as to think that's the only possibility so if everything else for that candidate looked good i'm give them a try. i doubt that most bosses feel that way though, having experienced enough of them myself it seems too many expect nothing but dream employees (even when they're not offering anything like a dream salary!). perhaps there's nothing to be done but banning credit checks in unrelated industries?

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