Credit Reports | Great Occupations

The Legality of Using Credit Reports in Hiring Decisions

posted in: Career, job search | 0

A couple of months ago someone in my professional network posed this question: “How legal is it to use credit reports to disqualify otherwise good quality applicants?” Interestingly, when this question was posed to me, I had just been networking with a small group over coffee the week before when this very topic came up. One of the people there, a recruiter who is with a financial services company, brought up the challenge that they have with hiring people with good credit scores. Obviously, this is a criteria for their company. This recruiter’s comments led to an informal discussion about the desire in their HR department for lightening up those kinds of hiring restrictions, especially in light of the economic…