From: Greg Fisher
Sent: Tuesday, March 30, 2010 10:51 AM
Subject: credit score, employers, Center for Responsible Lending
In response to Diane Rehm’s question about credit score use in pre-employment screening, you did not disagree with the premise: Employers use credit scores.
What evidence suggests that employers use credit scores?
What is the name of an employer who uses credit scores?
DIANE REHM: We have heard from various callers and e-mailers that if you walk away from your home– if your credit score is bad-bad-bad– that your next potential employer may look at that score– may look at that record– and that that record could be held against you. Julia?
JULIA GORDON: More and more employers are doing credit checks before they hire somebody. So, ruining your credit score can have all sorts of anticipated and unanticipated consequences, which is why, again, I would really encourage people: If your credit is good, and you have the opportunity not to become delinquent on a loan, please don’t.