wheelsup
Well-Known Member
What about a situation as myself where I was a stupid young adult, got more credit than I could handle, and then with interest charges and fees out the @$$ a $500 bill become $1500? I think judging someone by their credit is unreasonable.
You just said you were a stupid young adult, yet then you say it's not right for an employer to judge you on your credit history? I think it says a lot about someone. For example, you "got more credit than you could handle", then went on a spending spree. That shows a lack of restraint, impulsiveness, and immaturity.
Now, this might not be you. But the majority of the US sees credit cards as "money in the bank" and even with a better job, raise, etc. will go out and get another credit card and max that one out too. My sister-in-law is a great example. $100k+ debt, she continues to take out student loans to pay her current loans, and takes a few classes a year to keep deferring her loans. Do companies want people like that working there? I don't think so.
Another reason for credit checks is for security reasons. Someone with a large debt load is more prone to taking bribes. Maybe not a factor for a burger flipper at McDonald's but for those higher corporate jobs there's a lot of internal secrets employees see.