States challenging employers doing credit checks

I think that is so wrong and invasion of privacy. How a person lives their personal life is none of the employers business..to a point. My credit is no onee business but mine and it says nothing about my abilities to do a particular job. Case in point - I worked for a loan mortage company about 8 years ago - my credit was bad due to a BK few years prior due to extended unemployment. However, I was the best loan processor you could imagen. I qualified people legally and properly when others couldn't simply cause I did hte extra foot work, research, and all to find.and prove things that needed taken care of that the borrowers didn't know they could fix or handle. There are ways to clean up credit that anyone can do..you just have to know how to do it and I did it for them so the loan would qualify. By putting 150% of my self and my abilities into my job and the company - the company prospered... did I get a raise? No. Did I get any compensation in any way for the extrs 50% that I did above and beyond what I was required to do or that other did? No. Not a single red cent... but the owner.. boy she bought this and that and traveled here and there....and then when I quit, within a year (I kept up a friend ship with 2 people there that later left too) the owner was starting the process of BK... she'd spent all the money I made for her to live so luxurious... while I made it for her with my own bad credit and FICO and had next to nothing myself.... Moral of the story...just cause someones personal life is a mess, doesnt mean they aren't qualified for the job and just cause someone's personal life is great, doesn't mean they are better qualified for the job. The two should never meet. Now granted if she is a stipper at night and your receptionist at day... that could be a problem with respect to "job appearences" but again.. has nothing to do with their credit

I can see if I was supposed to be taking care of someone's books (like a responder before me said) but no, I don't think it's ok for them to check my credit before I take on a job. Things happen outside of my work that could have a barring on my credit score... like medical expenses not covered because I was out of work for 6 months but have a kid who needs medical help weekly. Why is that anyone's business? I should not have to explain my finances to an employer.

I can understand it if you're an accountant, CFO, or otherwise involved in the company's financial management system, but that's it. I think that's personal information that should generally be left alone.

I am of the opinion that credit scores are a very poor indication of anyone's actual reliability, either financially or otherwise. The information reported to/by credit agencies is not accurate. Anyone can report something to a credit bureau, and no documentation is required to prove the debt unless you protest the entry on your credit report Credit reports also do not take into consideration other expenses that you may have that aren't ever reported. You might owe your Uncle Joe $100,000 but if Uncle Joe doesn't report it to the credit bureau, it won't appear.

I've never agreed with that practice as I don't feel there's a connection between a candidate's creditworthiness and their ability to do a job unless the job pertains to the movement of large amounts of funds. This practice hurts young people who haven't had the opportunity to obtain credit and it hurts those who, for whatever reason, don't have good credit. I wasn't aware of it at the time but years ago when my student loans were deferred, my credit score went down because I had a debt that was growing, instead of being paid down. There are too many things that can impact your credit and none of them give an employer any indication of how well you can do a job.