Anonymous
Anonymous asked in Social ScienceEconomics · 4 weeks ago

If an employer chooses to submit a credit check on an applicants, all else being equal, are financially poor applicants at a disadvantage?

4 Answers

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  • Oiy
    Lv 5
    4 weeks ago

    The employer is not a government. He cannot govern anything but producing something in a hard competitive environment. He should promote the applicants based on productivity, not their income. And if it is a government, it's a duty of the social security office.

  • Anonymous
    4 weeks ago

    With "all else being equal", no ...I don't believe they would be at a disadvantage. People applying for work naturally have a need for income.

    Poor *credit* on the other hand ...that could say something about a person's ability to be responsible and/or make good choices.

    • Anonymous4 weeks agoReport

      And those poor people may have made the best choices available to them leading to that moment.

  • 4 weeks ago

    Not necessarily. They're checking for red flags. Stuff like, has 9 credit cards and is $64,000 in debt and has declared bankruptcy 5 times. Usually they don't care who has more money if there's no red flags.

    • Anonymous4 weeks agoReport

      I didn’t think that their credit check would reveal their wealth. However, poor people are more likely to have red flag behavior.

  • Anonymous
    4 weeks ago

    Your pay isn't part of your credit report, only how you meet your credit obligations that you agree to take on.

    • Anonymous4 weeks agoReport

      Poor people are more likely to rely on credit, and they are less likely to meet their credit obligations.

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