Black Money Business Jobs : Bad Credit = NO JOB: The FUTURE for US

dustyelbow

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Oct 25, 2005
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The Credit Check Becomes a Civil Rights Issue


Checking Job Candidates’ Credit Fuels Rights Concern

Checking Job Candidates’ Credit Fuels Rights Concern
Is an employer violating a job applicant’s civil rights by checking his or her credit?
Businesses say they need to check credit histories. A bad credit rating might indicate whether a prospective hire who will be handling money might steal it, they contend. U.S. law requires companies to get permission from applicants to run credit checks and give applicants a chance to respond.

But that might lead to inadvertent racial discrimination: ...2004 study by the Texas Department of Insurance that found that, on average, blacks’ credit scores were 10%-35% worse and Hispanics’ credit scores 5%-25% worse than those of whites. At the same time, there is no established link between bad credit and a tendency to theft. In 2003, Jerry Palmer and Laura Koppes at Eastern Kentucky University in Richmond in 2003 found no correlation between employee credit reports and negative performance or termination for dishonesty. Officials at the U.S. Equal Employment Opportunity Commission say there is anecdotal evidence that discrimination complaints citing credit checks are on the rise.

Lisa Bailey is suing Harvard University for denying her a job after running a credit check. Ms. Bailey, who is black, says Harvard should have used her criminal record as a guide to her honesty: “I was a cashier for many years and I’ve never been rich and I’ve never stolen money.” But some human-resources specialists say the practice is crucial to vetting job candidates: “If Harvard hired a person and did not use a credit report and the person embezzled, what would the headline be?” asks Lester Rosen, president of background-screening firm Employment Screening Resources. . – Robin Moroney Wall Street Journal


Ms. Lisa Bailey's intentions can be summed up as follows.

As for Bailey, she still wants the Harvard job, and says there would be "no hard feelings." But first she wants to change the system for herself and others. "I hope I win. It might be beneficial to other people, too," she says.

THIS IS EVERYDAY STUFF our people have to GO THROUGH.

Settlement OK'd in Allstate bias case

SAN ANTONIO -- A federal judge has given final approval to a class-action settlement in a case accus*ing Allstate Corp. of discriminat*ing against minority policyholders by using credit reports to set rates.

...

Jose DeHoyos, the San Antonio man who served as the lead plain*tiff in the lawsuit filed in 2001, had his premium jump 31 percent in a year even though he and his wife had made only one claim during 20 years as Allstate customers.

...
The DeHoyos-led lawsuit chal*lenged Allstate's use of credit scor*ing to determine rates set for poli*cyholders, arguing the formula acted as a kind of redlining for mi*norities and forced Hispanic and black customers to pay more.


And we are LOSING MONEY everyday too. TO RACISM.
 
"Future So Bright, I Gotta Wear Shades!"

As can be seen by the state of our biosphere, the way things are is not suitable to life on this planet. and "the way things are" means "job", "money", "credit", etc.

I would opine that anyone with any sense would/could only see this growing trend to not be able to participate in this environment destruction that is called "work"/"productive citizenship" a GoodThing[tm]. I know that I do!

but, hey; y'all like it like this ... and are always going on about how bad things are getting without realizing that your "9-to-5" is the mechanism that keeps making things get worse!!

A good "sit down strike" might be useful: take all your money out of their banks; sell off all your extraneous stuff; stock up on a bunch of food and things and take a week off from work together. remember what happened in new york when all them Black folks went on strike?
 
This issue is very relevant to everybody, especially those who don't know the impact of having bad credit. I deal with black folks with bad credit all the time, as a landlord. I have seen so many with bad credit that I don't bother to check any more. Those that have bad credit also tend to have bad habits when it comes to managing their money. My delinquency rate is about ninety percent per month, because I am suppose to understand how hard it is to be black. I do know how hard it is to be black already, because I have to deal with my bills too, with insufficient funds from the business sometimes. The banks don't care that my tenants are late paying their rent, nor does the insurance company or the tax authorities, they want their money period, or I am doomed. The tenants want maintenance done whether they've paid or not, otherwise I am a slum lord to them. This issue is about accountability and responsibility not racism.

Bad credit don't just happen. It's the result of overextending and not prioritizing. There are consequences to bad and irresponsible behavior. These stories are just a few examples of what can happen to anyone with bad credit. The solution is to be responsible for your bills etc., and this won't happen to you. Bad credit can be repaired, by simply deciding to be more responsible and start paying bills on time, and not blaming other's for the consequences that follow when you don't.

As to employment, I can see where that may be used in conjunction with other criteria when deciding whether or not to hire someone. I don't think that bad credit alone should be used to deny a person a job. I seriously doubt that there are a lot of employers denying jobs to people with bad credit.if there were, there would be a lot more unemployment.
 

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