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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: I think at the crux is demand and supply. It was news to know that call centers are employing prison labor. So if some one wants to do it, it can be done. If a system is put in place and an undertaking given that part of the earning will be reimbursed to the Creditor directly by the employer I think that should work. Just thinking.
    Criminality is different, however, in case of running up debt, the reasons may be on account of wrong decision taken in the past etc:
    So it all depends upon the employer, but if some statutory Govt: Agency is formed to access and advice on case to case basis with proper safeguards in place, I think it would serve the interest of both the job seeker and the creditor.
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      Feb 6 2013: ¨If a system is put in place and an undertaking given that part of the earning will be reimbursed to the Creditor directly by the employer I think that should work.¨

      Exactly, just as many of us will be okay if part of our wages are garnished.

      So it all depends upon the employer, but if some statutory Govt: Agency is formed to access and advice on case to case basis with proper safeguards in place, I think it would serve the interest of both the job seeker and the creditor.

      You said it Asgar!!!

      Thanks for your input.
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        Feb 7 2013: Thanks Mykle for the appreciation. I would advocate that in cases of bad debt recovery, the interest component should be done away with. I hail from Dawoodi Bohra community and the Qardan Hasana concept ( that is good interest free loans) has been proving very beneficial.
        http://www.hikmaah.com/showartcl.asp?article=29
        If the creditor if assured of regular payment of the Bad Debt agrees to forgo the interest component, it will make things very easy. I know it is a very difficult idea to accept in the present world, where the economy is interest driven. Just sharing the silver lining though.
        In my small little world, I have helped a few to take control of their lives my applying the concept of Qardan Hasanah ( interest free loan) Hope in near future this concept becomes a driving force for all round development of different strata of the society.

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