5.30.2011

Screwed, and screwed again

Millions Need Not Apply - NYTimes.com

Millions of Americans who lost their jobs to the recession and fell behind in payments to creditors are being penalized again, this time by companies that use credit records to screen job applicants....

Damaged ratings are often the result of irresponsibility. They can also be due to bad luck and hard times, including a layoff, divorce or catastrophic illness, which is a leading cause of bankruptcy in the United States.

And more...

Thanks to intensive marketing by the credit reporting industry, about 60 percent of employers now do credit checks on job applicants...

 

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