How Many Americans Have Been Discredited?

How Many Americans Have Been Discredited?

Among those survey respondents who are unemployed, the memories are fresher: 1 in 4 recall that a potential employer has requested to check their credit report as part of a job application.

Yet there is reason to believe that the actual prevalence of employment credit checks may be higher still: in the flurry of paperwork that often surrounds the job application process, applicants may quickly forget the specifics of the many documents they signed. In addition, the prevalence of credit checks is likely to be greater among the higher-income households excluded from our survey, since SHRM finds that employers are more likely to conduct credit checks for senior executive positions and jobs with significant financial responsibility, positions likely to be so well paid as to push household income outside the bounds of our survey in many cases.

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