Hiring Consultant Warns: "No Connection Between Credit History And Job Performance"

Hiring Consultant Warns: "No Connection Between Credit History And Job Performance"

Almost half of all employers use credit reports to judge job applicants, even though credit histories have no relation to job performance. Personal finance goofs are only relevant for jobs that deal directly with money—cashiers, account managers, and the like. For everyone else, negative credit reports keep otherwise capable people from securing a job to help avoid further financial problems. So why do so many companies still ask for credit reports?