Regina Claud Posted about 1 year ago Should employers not hire you or fire you when they discover your bad credit history? Using credit as a hiring criteria is not good for our economy and future. As an example, many people, during our recent recession/depression lost their jobs due to no fault of their own, i.e. massive layoffs. Even those who were careful with their money, had to use up their savings to survive, and eventually got behind on mortgages etc. Now, with bad credit, they become permanently unemployable. The use of credit as a hiring criteria is creating a permanent under-class of people who will not be able to get out of poverty unless they create their own businesses. Also, good credit is NOT an indicator as to whether a person is moral, honest, or trustworthy. Ben Franklin filed for bankruptcy, yet he would not be able to get a job in this era. I bet Bernie Madoff had PERFECT credit, with all the billions he racked in. That perfect credit did not prevent him from committing financial fraud. Nor the ones running the big banks that government recently fined for their mortgage fraud activities. Good credit does not mean someone is competent. That person may cause more problems on the job, and cause losses, than someone with bad credit but good experience and knowledge of the business. Good credit does not mean they will NEVER have bad credit. It just means they have not YET run into financial problems. No one knows what difficulties the future may hold. At one point Donald Trump told his daughter that a homeless man they passed on the street had more money at that moment than he (Trump) had (see video "Born Rich" by Jamie Johnson). Credit rating is a brief snap shot within one's life. You can go from a 620 score to 700 within 3 months with the right strategies. Something so variable and and erroneous (many reports contain errors) should not be used to affect something as long-lasting as one's career and earning potential, the contributions they can make within the business community and society.