Josh Lawhorn Byram Bankruptcy AttorneyAs the law currently stands, a bad credit rating can prevent potential employment with some jobs. Whether credit rating is a factor completely depends on the employer.

A recent survey shows that nearly fifty percent of employers check an applicant’s credit history and use it as a factor in the hiring process. Jobs ranging anywhere from delivery driver to upper management are frequently subject to credit checks. However, there is a small movement to prevent this practice from continuing.

In December, Senator Elizabeth Warren introduced the Equal Employment For All Act that would not only prevent employers from disqualifying applicants for a bad credit rating, it would also prevent employers from requiring that applicants disclose their credit history.

There are several reasons that the practice of basing employment on credit history should be abolished. The primary reason is that bad credit scores are often not the result of being financially irresponsible but are instead the result of a bad economy, high medical bills, or numerous other factors beyond a person’s control.

However, there is no guarantee anything will change in the near future and it is not wise to wait around for Congress to take action for you. If you believe your credit rating is damaged or are seeking any sort of financial relief, now is the time to take charge and get back on track. The experienced attorneys at our many locations are ready and willing to help you do just that. If you need financial help, please contact our office nearest to you to set up a free private and confidential consultation visit with one of our licensed attorneys.

Joshua Lawhorn
Written by Joshua Lawhorn

Printer Friendly Version