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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 26 2013: Credit rating was created ina very similar way as halliburton..it seems to be the right cool financially nice thing to do but in the end people will be hurt since the credit report is not a proven fact of trustwothiness, capacity or even morality of an individual, the reality is that credit is a way of pushing away and discerning what a financial mathematical curve decides it is correct based on a bunch of assumptions, should an employer check and base a decision to hire someone based on this FICO (fallacious) score?, the reality is that it has not been proven that a person with bad credit will perform poorly at a job, actually most of the credit problems a person may face in their life is not lack of financial or moral lackness but external factors that are beyond his/her control, you can name a few: get a ticket and you surely will pay that ticket before the creidt card, get sick and you will buy the medicines before paying that christmas gift, get in a car accident, lose your wallet, gosh hundreds of happenings and collectors will be on top of your head making your life miserable and unless you are sadomasochist I dont think anyone wants to be chaed around and risk the paycheck for that, I know of several hundreds of thousands of people that lost their credit due to the last recession, are they less capable of performing their jobs because of that? I dont think so and whoever employee thinks that is living inside a fallacy bubble where the reaility doesnt enter regardless of any argument to the contrary, applicants that are requested to submit a credit report should ask for the financial reports of the companies that want to hire them (lets see if they like that).

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