Why do people refuse to hire you when you have bad credit and isn't this discrimination?

Answer 1

Some companies view your credit history as a reflection of character you have. If you are behind in all your bills or you just don't pay them, it show that you are more likely than not to be irresponsible in your work habits. Unfortunately it sucks, but then again think of it from the companies standpoint...Would you rather hire someone who has a clear background, or a person who has debts up the a**? Answer #2 Exactly. Responsible people are more likely to pay their bills and minimum payments on time and thus make better candidates for job positions. However, my top employee 7 years in a row has horrible credit and is always broke. (despite earning 50+K per year) She's always on time and never calls in sick. There's always an exception. Another reason employers check your credit rating is because those with bad credit are a greater liability for anything from petty theft to selling trade secrets. This is particularly relevant in high-security industries such as banking/finance and credit reporting agencies. I can understand why employers want to see your credit report, but I also hate to see the 'catch-22' of 'I need to work to pay my bills, but I can't get a job because I don't have good credit' * Exactly! I sold three pieces of private real estate, emptied my savings account and borrowed money on my personal credit cards to try to keep a struggling business afloat--a business I had run successfully for 40 years until changes in technology led to its obsolescence. Not one dime on those credit cards were for frivolous personal expenses. Yet, my credit report looks like I'm a deadbeat and is keeping me from getting a job. Is it discrimination? Yes. But US law only prohibits discrimination for race, color, religion, sex, national origin, disabilities and age. People with bad credit are not a protected group.