A new bill could prevent employers from seeing your credit score

MGN Online
Thursday, December 19, 2013 - 9:28am

There's a new push to ban employers from checking the credit scores of job applicants.

The senate bill was introduced by democratic Senator Elizabeth Warren.

She said many people with financial problems are victims of discrimination in the hiring process. The new bill would prevent potential employers from using credit checks in the hiring process, preventing them from rejecting you just because you have bad credit.

Warren said, ""Why do people have damaged credit? The principal reasons are: somebody got sick in the family and they fell behind on medical bills. You lost a job and fell behind on your bills; or you had a family breakup -- either a divorce, or a death in the family. And somebody is struggling to get back on their feet."

She also added, "There have been studies that show no correlation between your credit check, no or little correlation between your credit check and your ability to do the job."

There's one exception to the bill. People applying for national security-related jobs, positions requiring security clearances, would still have to to go through credit-checks.

 

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