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?
I still don’t logically, conservatively, go from
“here’s a situation where this association may not apply”
to
“the government should, with the threat of deadly force, prohibit businesses from doing it”