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Thursday, 21 March 2013 14:51

Employer credit checks keep jobless unemployed

Written by  Britney Spear, Regional Content Editor
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Will your credit report keep you from getting the job you want?

A recent study says that just might be the case.

Public policy organization Demos surveyed over 1,000 low- and middle- income households with debt to find that individuals are losing out on job opportunities because of their credit scores. The study found that nearly 25 percent of the country's unemployed have been required to undergo a credit check by prospective employers. Of that number, one in ten applicants who get screened are denied based on the results.

The latest trend among employers is one that is keeping the jobless unemployed. It's a catch-22 whereby finding a job is needed to pay off debts yet such financial troubles can keep you out of work.

Read more at http://www.michronicleonline.com/index.php/business-original/10191-employer-credit-checks-keep-jobless-unemployed

1 comment

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