Credit Reports May Impact Hiring Decisions

Credit reports can and sometimes do play a role in some hiring decisions. Only no one really knows how much influence they actually have, reports Portfolio's Kent Hoover.

That's part of what makes their use by employers so scary. The threat has escalated because negative information on credit reports has surged during these hard times. There's more. As many of you are well aware, credit reports are often full of inaccuracies. In addition, experts contend that what's on your credit report has little to do with predicting how you will perform on most jobs.