Credit Checks And Jobs

MoneyTips

Finding a job can be a stressful and difficult task – and if you have poor credit, you may have an even harder time finding a job. A 2016 CareerBuilder study found that almost one-third of employers run credit checks on their potential hires, on the assumption that people with good credit are more likely to be productive employees.

That assumption may or may not be true – but, in most states, an employer is able to use your credit as part of the hiring evaluation process. The District of Columbia and eleven states currently limit the gathering or use of credit history in making employment decisions: California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maryland, Nevada, Oregon, Vermont, and Washington. Aside from these states and a few cities in other states, including New York City, NY, and Philadelphia, PA, your credit history is fair game.

When credit is considered in the hiring process, the unemployed with low credit scores can fall into a "poverty t...

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