It used to be that in applying for a job your signature on your application was your promise that everything on it was correct. Sure, a few former employers were contacted for references, but employers realized that what they saw was what they got.
Today everything is different. Not only do you complete the application, have all of your information scrutinized and double checked (including college degrees and all employers), but enter background checks onto the scene.
"Background checks have risen 16% in the past year, the ADP Employer Services Hiring Index found." (Grand Forks Herald)
Interesting fact from the report: "45% of credit records checked showed judgment, lien or bankruptcy, or some report to a collection agency."
My question is this: If one has to have a stellar credit history to not only borrow money and get car insurance, but now obtain employment, too, how can one expect to earn the money to rise above bad credit status? What does your credit history have to do with your employability anyway, especially if you aren't trying to work in non-finance related jobs?
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