Here’s the thing with credit histories: it’s easy to fall behind on your bills when you don’t have a job. The reduced income (or total lack of income) really works against you. While half of all companies report that they check the credit reports of at least some prospective employees, there isn’t really any solid evidence that correlates bad credit with being a bad employee. [More]
Some experts claim that there’s no connection between poor credit history and poor job performance. That doesn’t stop employers from evaluating applicants based on their credit reports. The governor of Illinois signed a law this week prohibiting employers from hiring on the basis of credit checks…but there are some pretty big exceptions.