Of course they’re calling for an end to it.
Credit checks are way too accurate of a proxy for a “character check”.
Not necessarily. A lot of folks have good jobs, pay their bills for years, then run into problems. People get sick and can't work. Or they lose their job, and start using credit cards to live thinking they'll find work and pay it back, but don't. After a year or so they are maxed out and their credit is a wreck.
Not a lot of folks are looking to hire males over 50, when they can hire some 20 something. If you then won't even hire them for even a low wage job because of their credit, how are they ever supposed to pay it back?
It’s is my understanding that while some businesses require employees to actually have a “Good” credit history for the type of work they do, most employers use the credit check as a type of verification that the person is who they say they are, without penalizing them for having a “Bad Credit” score.
“Credit checks are way too accurate of a proxy for a “character check”.”
Have you seen this Obama economy?!!!...many good honorable people have been seriously harmed by it and have had their credit destroyed. Shame on you sir!