I applied to become a stocker at Wal Mart in Lee's Summit, MO.I was turned down because my credit score is bad.FUCK YOU to Acxiom.They said I was a fraud risk.How the fuck does having a bad credit score have anything to with my work performance as a stocker at Wal Mart?
Yes it's ridiculous and it discriminates on not latinos and blacks. I have a B.S. and I got into trouble lending a friend money. I've paid off all of my credit cards but I am behind still on other things. I got turned down for a TSA job even though I scored 100 on there stupid tests over these black people who have their pants falling around their ankles and can't even speak proper English....WHAT. It's hard to have bad credit when you've never had a JOB and have been on Welfare your whole life
Well, let me say I have had employment in the past & currently that states the reason to check my credit, credit check for a customer service jobs is that the employer feels people with low credit score are more likely to steal.
First that is a gross generalization & stereotypical
Second this already set up a adversarial us v. them relationship
I actually somewhat disagree on this one: There's far too many people who run into debt like total idiots.
If you're poor: Don't run into debt and get a bad credit score.
If you're rich: Don't run into debt and get a bad credit score.
If you say life gets you down sometimes and you have to run into debt... well... no... you don't have to. *UNLESS* if you're going through with education in order to improve your earning ability, and there is no other way.
@ThePaulWog You don't have to run into debt? And what would you have a single parent who loses their job and can't make ends meet do instead? "Don't run into debt" is naive and useless advice.
@MissTemperence I'm speaking within the confines of a 500 character limit, so some generalizations had to be made. The general people I am aiming the comment toward is the masses: there are special cases, but the majority who are in debt simply are in debt because of they entered debt on their own accord. Often it's because of stupidity / not even knowing how to stay out of debt.
Often parents also think they need to go into debt with children because they won't lower their standard of living.
@ThePaulWog this sounds like nothing more than a bunch of speculation. How could you possibly know what circumstances have drivien "most" people into debt, especially with all that has happened over the past 3 years?
@MissTemperence How do you explain so many people finding themselves in debt? I have never been in debt in my life, and I'm a student living on my own (with a roommate), earning my own wage at $12 an hour, and paying for college. I live in Canada, though, so school is I think a tad bit cheaper; I also get very very basic healthcare benefits with my college fees, so that helps as well.
I'm not saying everyone is in debt because of themselves. I'm just saying the majority is. Could be 51%.
@ThePaulWog ing a single college student is hardly the worst financial situation people can find themselves in. People fall into debt due to medical issues, due to losing their job and not being able to get another one (you really think there's enough $12 hour jobs to go around? There aren't even enough jobs at minimum wage), People fall into debt just trying to get by because the minimum wage is not a livable wage.
@ThePaulWog And I have to say, Unless you're retunring at a fairly late age, a college student who's "never been in debt" your "whole life" isn't really saying much. I've never understood the point of just guessing specific statitstics, but putting that aside for a moment, even if 49% of people's debt is justified by your standards, shouldn't that be enough to convince someone that credit checks are a bad way of judging someone's responsibility?
@MissTemperence I think you're missing my original point: it was that I "somewhat disagree". Somewhat, as in partially. And disagree as in my opinion is in contrast. So, my view partially contrasts against the view TYT portrays.
TYT is opinion-based news (which is 99% right when it comes to serious political topics in my opinion), but I still dislike it when any news organization (whether I agree with them or not) speaks with huge edge. In this case, it's as if everyone in debt is in a rut.
CREDIT SCORING MODELS ARE BULLSHIT. The three credit repositories will not reveal the formulas. i work in the industry and have been to several seminars where scores are supposed to be explained. Only generalities are explained.
Manipulation of scoring was a huge factor in the housing bubble. Suddenly college kids w/no history have 700 scores. completely fabricated.
It depends on the job. I've had several security jobs and having an atrocious credit score is a security risk. Someone one with horrid credit is more likely to have bad debt, someone with bad debt is more likely than someone with out to give up valuable information in exchange for cash to payoff those debts.
Should someone at McDonalds be getting credit checks? Probably not. Should someone working for IRS, TSA, or a plethora of other government agencies with access to private info? ABSOLUTELY.
This isnt discrimination against blacks and latinos, but against all poor people. The corporate masters dont see color, they see money. They make more money when you make less. They want it to stay that way and be business as usual.
A credit check is an easy way to confirm someone's address and employment history, that's assuming the credit report is correct, but tests have shown the majority of credit reports contain multiple inaccuracies and it's because they are so often inaccurate that I do not think employers should be able to run someone's credit as a part of the hiring process.
Ironically, NOT borrowing money can also lower your credit score. Someone who only pays cash may be very responsible - and still have a low FICO score.
I was the 1st person on the thread of Roland Martin of TV One to ask him to as this same question to the POTUS when he wanted people to suggest questions and Roland deleted it from the thread after 350 people clicked "like." They don't want you to get jobs. You can't have a "New" Mexico or China if you are employing the masses. 3rd World country is their goal.
I think a credit check should be an important factor in determining one's ability to own a credit card and to get a loan: it is not moral to allow someone to borrow money they cannot afford. Of course, these douchebags love giving credit to people who can't afford it so they can make interest, and you saw what happened with bank loans. Jobs have no reason to check someone's credit score; if someone has the credentials they should get the job. wtf.
Surprised they didn't explain WHY they do those credit checks. It's because someone did a study that said people with poor credit scores are more likely to steal from the company they work for.
That's why they do it, economic racism at it's finest... Have a poor credit score? You must be a dirty thief!
College students make mistakes, and have no idea that it will cost them a career. I've seen this lots, especially in the government and financial sectors: somewhere in the posting or on the application, it says that if you have a bad credit score, or more than $5,000 of defaulted debt, you will not be hired. They view it as a product of your personal judgement, and consider you a vector for corruption, when in actuality people in debt work much harder to pay it off.
Young People: Default on debt as the result of choosing the wrong partner or the wrong friends, or even just from bad luck, and you are screwed for life. You graduate from college and you can't get a job in this bad economy that will pay the credit card bill. You are unlikely to find a job that pays more than $12.00 an hour (slightly more in Northern states). If you value your life or your immortal soul, do not ever get a credit card or go into debt for any thing.
Best Buy didn't hire me because of my credit score. They were hiring at all their locations, I have a great resume, have all the relevant experience for the job, and I'm a hard worker, but because my credit was bad I wasn't even called back! And I applied at 5 locations! I've seen some of the people working there and asked them questions and I know wwwaaayyyy more about computers and care about getting the right answer. One of the guys just fed me a bullshit answer on the spot! Their loss.
If you credit check your employee applyers, it should be to make the chances of someone with a lower credit score get that job easier because they obviously need the money...
By the way, it isn't discriminating against black and hispanic americans, but the general poor.
This is one of the dumber pieces of shit I've heard on the turks.
Any one. I do mean ANYONE with no bad credit problems as in, clean slate.
Get any kind of credit card. Make enough money to pay off $500. Now use the card for $300. Make the minimum payments for that card every month for 1 year
Your credit is high as a kite, regardless of race. Don't go falling for bullshit racism drama. The bank sees you are green. It wants money. Period. They don't give a shit if you are plaid. They like cash
@WildBuck007 No, it is not as high as a kite. MY dad was somewhere in the 700s even though he was paying off all his bills, not until he satrted buying TONS OF SHIT LOADS of guitars on credit cards and paying them off quickly did he get into the 800s (continuously). He has to spend about 5-10k a month to be able to keep it sky high...
Ya know. The score you just mention only goes so high. That is the highest on the legitimate financial institutions go (roughly 850). No matter how you think of it. If he is sailing in the 700's range just from regular bills. He is doing pretty damn good.
Not with most credit unions. You can assume the lowest interest will be roughly for $500 would be around $6-7 a month. So in a sense what you are really doing. Be it paying bills or just trying to get credit at all. Is buying good credit.
Like I have a license but neither a car nor access to one. So when someone checks my driving record. Its hilarious when they say how good it is XD
Bottom line is go to a credit union over a bank. If not exist. Yer screwed.
These HR departments are getting crazy. Just LOOK at the person when you interview them. Are they qualified? Do they answer your questions competently? C'mon ppl. You don't even have to watch out for drug use since a lot of big brother corps test for that too.
You don't need credit to buy a car, house or anything you need. You only need credit to buy things you don't need.......or only want before you can afford to pay for them. That's what credit is........promise to pay in the future. I keep my credit score in the toilet on purpose so I don't have to worry about someone stealing my identity or credit. I pay cash for everything and save for what I would like to have but can't yet afford. Way better to live within your means and not borrow.
"You need to do a credit check because if you borrow Monet from fellow coworkers and don't pay them back, there's going to be issues..."
That's no reason to do a credit check on them. If someone borrows money from a co-worker, It's the c-workers decision to loan them money, and the borrowers responsibility to pay them back. The employer has nothing to do with that and couldn't be held liable anyway.
to become a police officer you have to have a a credit check. Can be a conflict of interest if you handle money or valuables in a position of authority, at the same time up to your neck in debt. I doubt pizza delivery companies would employ this strategy.
I would think companies would rather hire people with lower credit scores because these people will work harder and show up Everyday because they need the money to start raising their credit scores!!!
@RealityGrapple wowow, relax, you shouldn't project your resentment for the average right winger in america on me. my comment is aimed at the people who think credit scores should be used to determin if you get a job or not, which is ludacris because i'd hire someone in financial distress over someone who has lots of money, because that person has a bigger insentive to work hard because of his troubles. "blame poor people for being poor" WTF? i'm the opposite of that.
You can't pay your bills because you can't get a job. But you can't get a job 'cause you can't pay your bills. But you can't pay your bills 'cause you can't get a job. But you can't get a job 'cause you can't pay your bills. But you can't pay your bills 'cause you can't get a job. But you can't get a job 'cause you can't pay your bills. But you can't pay your bills 'cause you can't get a job. But you can't get a job 'cause you can't pay your bills. But you can't...AAAUGGH!
No, they shouldn't, its not their business as to whether or not you pay your bills...
furthermore, this could pose a problem because if your employer checks your credit score and it is low, hindering you from obtaining a job, then you are in a deeper hole because now you cant get a job to pay off outstanding debts and increase your credit standing and standard of life in general.
I asked my HR manager during my interview about credit check ratings, she said "It's a great tool to thin out the pile of applications." Her exact words. So in reality, what's on your credit report is meaningless, it could be identity theft, a electric bill from when you were in college, a bad car loan or your ex maxing out a card in your name you didn't know of. If you have a bad score your application will not even be looked at in many cases.
Cenk just used the mainstream media framing for income... 30,000 versus 50,000. Ha. 30,000 is way more than double what I make and I teach at a university. By framing the discussion around 30,000 and up you neglect the reality for the majority in America.
I guess it depends on the job. If your job is managing money for a small company, a personal credit score actually may be pertinent. But otherwise, it's total bullshit.
I understand criminal background checks...but credit checks are ridiculous. They even use credit as a factor in car insurance rates. WTF for? Am I actually being extended credit by Progressive, State Farm, or Geico?
Fuck no stop the fuckin credit checks and stop background checks for misdomenor crimes or crimes that do not pertain to the job your applying for......seriously its gotten way out of control and employers are abusing it and if they find any little reason to not hire you they wont
@Cptstarcrunch1 They've been discriminating against ppl w/ low credit scores for years already. Also now insurance companies can charge you more money for services because of bad credit. Because your a risk that you may not pay the charge you more money. Can you say crushed to death in debt!
@Boudiga ya it use to be only jobs were you dealt with large sums of money that did credit checks ...now fuckin everyone does it....its ignorant and quite simply none of there fuckin buisness to start with my ex got turned down from a bank job because of a less than stellar credit score from college debt....even tho she was more than qualified for the job and had plenty of xp in the field and a bookeeper as well
@Cptstarcrunch1 Yeah I know, its terrible! The excuse is "if you have lots of debt you'll be tempted to steal from us." What ever happened to being innocent until proven guilty!
I've personally been turned down for jobs because of my credit score. They all say the same thing: "We'd love to hire you, you seem like you'd be a very good employee, but people with low credit scores are more likely to steal from work because they're so desperate to pay off their debt." Seriously? I'm in debt up to my eyeballs, but I've never stolen anything in my life. It's true, they just want to discriminate against people.
what business does Government have dictating to private firms, where owners risk their capital and have every right to manage as they see fit, telling them what criteria should be used in hiring?
Ana has never run a business so what the fuck does she know?
@genie0390 You're absolutely right, of course. What business does the government have telling private companies that they can't, say, refuse to hire black people? Hispanics, maybe? Women? Not for any particular reason, just because they happen to be part of those groups. Obviously the government shouldn't be involved at any step of the hiring process.
Also, taxes! Where does the government get off telling those sacred private firms where a small amount of their money should go?!
I'm also finding lots of job applications that state you must be currently employed to apply for the job. They don't want that unemployed riff raff working for them!
I am unemployed. After putting in hundreds of applications, I finally got an interview with Wells Fargo. They ran a credit check on me, the unemployment instantly decimated my credit, that's all they saw, and passed on me for that. Credit checks should not be allowed, especially when the only reason a lot of people have bad credit right now is due to being unemployed thanks to the recession.
I'm against free labor on the "chance" of employment. Unpaid internships, or just plain "sit down and work and after a while we'll see if we hire you." That's bullshit! Companies use to have paid probation periods of 3 mo. Some today have 6 mo or a yr. But the new hires are paid less, have no benefits and are trained. At the end of the probation, they are evaluated and a new salary, if hired, is given plus benefits. Temp employees are the same today.
The reason they check credit is because they want to know if you're a "fiscally responsible adult".
Now, this could make sense if they bring it up during an interview. "Why is your score 550?"
Answer: I had identity theft or I was over my head in college so now I want to pay back what I owe...
It's not used like that though typically!
If you are in a position of money though, it makes sense to know your score. If you make software dev, you're not going to rob the company anytime soon..
I am white and my credit score has never been over 6 hundred....credit companies are a scam, boycot cc and banks, start using pre-paid cards and Credit unions (I know that sounds bad).
How the hell is this a race issue? I'm white and having been trying, for most of this year, to pay off my credit card debt. Never again will I ever use a credit card. Credit card companies along with banks are evil little institutions set up to fuck you. And with all the bozos and their de-regulation they got away with murder. With credit cards they seem to arbitrarily raiise your minimum balance so you're always just paying off the interest while remaining in debt.
Sometimes I wish I can just save $15k and pay my car straight out from the bank account in a way of saying a big "fuck you" to the creditors. But no, they don't want that. They think responsible handling of money is also bad credit D:
The justification I have heard is related to the likelihood of stealing from the employer. If someone is in deep debt the assumption is that they are an increased theft risk.
and not all poor people have bad credit. I like how TYT assumes black and Hispanics have bad credit. If im poor would it really be smart to take out a credit card, knowing i don't have the money to pay it back
@201stars It's not an assumption, it's an average taken from the 3 credit bureaus: TransUnion, Equifax, and Experian. They collect all credit information, they're where you get your credit report from and they decide what your credit score is.
If you're poor and need something you'll do what you gotta do to get it, including going into debt, and banks are willing to give out credit cards to the poor because they know they'll make more money than they'll lose.
@alliencedful People are often in financial problems because of medical problems. Working harder exacerbates their medical problems and BAM! they're in even deeper financial trouble trying to pay doctor bills.
I really wish they'd leave race out of this discussion and stop assuming all blacks and latinos have fucked up credit cause it's not true. And on average even a black boy on the projects has access to a decent community college so please spare me the historical reasons bs. Bad credit transcends skin color, I have some wealthy caucasian friends who have bill collectors calling their house from a living--how do I know this? One of their maids who's Hispanic told me. -_-
@TheGirlLovesSports You're the one assuming. They never said "ALL blacks and latinos". Ana quoted a statistic that blacks and latinos have lower credit scores on average, they're 5%-35% lower than the white average. That's AVERAGE, not ALL. The average income of blacks and latinos is lower than the average income of whites. Did you just want them to ignore the facts?
@Carlo not sure why you assume It's just blacks. It's other people too. Latinos and blacks just make up the large part but people of a different ethnicity can be subjected to the dame discrimination too. But your spill about going to college...minorities do the same thing yet still find it extremely hard to get a job. If only it were that simple. Best man for the job, hard worker blah blah blah. It's bs.
@knucklez92 The people who think they can do 'whatever they want' need to be run out of the community. Let those assholes 'do whatever they want' alone in a desert somewhere. When you live in a community, you cannot do whatever you want.
Would really have liked to have heard Ana's thoughts on this; but as usual Cenk cuts her off & babbles his way through the entire clip. Getting less and less impressed with TYT. All it's been lately is Cenk babbling about the same damn issues, over & over & over. LET ANA TALK, she clearly had something to say so STFU Cenk or just rename the show "Cenk's Rants" & get it over with.
LOL, So if blacks and Latinos make less money, why are they buying on credit in the first place? I cannot afford a Mercedes Benz so I do not get one on credit. If I want a Mercedes, I go to school, get good grades, finish, get a decent job and THEN pay for it.
Bravo, TYT, for once again managing to turn this into a race issue when it's totally irrelevant. I agree that searching job-candidate's credit history presents a circular problem and, frankly, I'm against it. But I think it's unjust to poor white people as well as poor minorities. Poor and desparate is poor and desparate. Race is irrelevant here.
Harass college students when they don't pay their loans back because they can't get a job, don't let them get a job if they have a bad credit score because they couldn't pay back their loans.... AMERICA #1
I know somebody who runs a store chain, a cashier took money out of the cash registers (which the store director should have removed from the machines at least once a day, but didn't do so for 4 days!) and then she left. The amount of money stolen was greater than the cashier makes in a year. They SHOULD have checked her score (*which BTW, was terrible*).
@romanmir01 But how are they correlated with each other? Having a poor credit score doesn't automatically mean you're going to steal. They aren't related. Someone can have a terrible credit score and be a great worker. The opposite could also be true. You can have a great credit score and be an awful worker. Besides, how could you improve your credit score if no one will hire you because of a poor credit score, which may or may not be your fault.
@Raizhen010 Hey, if I have 2 resumes and they are no different, I'll find some way to discriminate. We must discriminate on something, we always do. We discriminate on who is our significant other. We discriminate what restaurant to go to, etc.etc.
If I have 2 resumes and both qualify but I need 1 of them - this a great time to do a credit score check.
I can somewhat understand companies performing credit checks for positions where people would have access to money as a form of weeding out individuals who may not be financially responsible and possibly have motive for committing a theft crime in the future. If that were the case, you may as well perform some sort of fidelity check to make sure the person you hired didn't have a mistress on the side. I've seen enough Crime shows where that's been a motive for criminal behaviour.
I recall hearing how having bad credit can prevent you from getting a job, which surprised me at first. And at the same time I find this to be ridiculous to not hire them when they are in financial need, which is the point in finding a job in the first place. Instead of picking out the flaws in a person's life, look at experience and skill to hire them. Then again businesses are too damn picky these days.
If they base hiring off of credit scores no wonder nobody can find work...The system just keeps coming up with ways to fuck us, first it was random piss tests which only stop people form smoking pot and now after the powers that be tank our economy and use predatory lending to fuck us the businesses use bad credit scores to keep people from working...I gotta call it for what it is...BULLSHIT! It needs to stop now.
It is so wrong on many levels to check the prices credit score when considering a job not to mention that most companies would never even told you that they will check your credit score order for you to be hired I think the system is terrible it brings down blacks and minorities
Who gives a shit about credit score, they still hire stupid shit people without brains. Instead of hiring someone qualified or overqualified, they hire the dumb shits.
They already get in our bodies (for drug testing). So they think they should be able to do anything else they want.
They are the corporatocracy.
I think employees should check to see how often their company kills people through negligence or bad behavior. We already know they commit fraud on a regular basis, so no need to check that.
Compound this today with Student loans where the government tells employers not to hire people who have defaulted on student loans. So you lose your job which makes it hard to impossible to pay your credit off. You are ineligible for the jobs in the field you went to collage for and the job in the field you have been working in for x amount of years. Its a fucked up system. But my question is: How the hell are you supposed to dig yourself out of this situation?...
The apparent reason in my opinion is to check if you're 'more or less likely to steal from the company'; or at least that's the excuse companies have to check your credit score.
A credit score could be representative of character. That's why a good employer would use it only as 1 indicator of future job performance. But for you to discount its use is being ignorant of reality. Yes, it's not totally indicative of character, but it would be a sign. It's like academic marks in school... Not totally reliable or representative of whether you're actually bright, but it would be a indicator. And I don't see a big brouha over its use, eventhough it's not 100% reliable.
@hofifut A credit score has nothing to do with character. Nothing whatsoever. You can blather on about how it's not "totally indicative" etc, but you are totally wrong.
For you to claim it has NOTHING to do with character... well, no matter what anyone says, you're obviously not open minded to see other points of view.
But I'd bet that if you had a daughter, and you found out the person she was going to marry was bankrupt once or twice in his life, I'm sure you'd have preconceived notions on the person's character.
@hofifut Wrong again. I'm open-minded but not to every single point of view that is out there. I'm open-minded to rational, meaningful, fact-based points of views. Someone else's financial history/business is absolutely none of my business unless I am planning on going into business with them. If I had a daughter, her fiancees finances would be HER business- not mine. To me, it's as personal as asking for someone's medical records. Where do you draw the line?
@july7nyc "... none of my business unless I'm going into business with them."
Is an employment contract not a form of establishing a business relationship? Ie, in exchange for your services, I promise to pay you x amount of money?
Of course you have no right to ask your daughter for her fiance's credit record. I'm simply saying you would judge that person differently if you knew he declared bankruptcy in his past. Medical records don't signify behavior. Financial mangement is different
@hofifut No, it's not that kind of business relationship and medical records can indeed signify behavior as well as make an employer think twice about hiring someone who had cancer and had to miss work repeatedly. Also the information in credit reports do not reflect the complexity and truth to financial management behavior. Someone who pays off the balance of their credit cards is given a LOW credit score while someone who maintains a balance is given a higher score. It's not about truth.
@july7nyc You don't understand my point. Medical record, sex orientation, religion etc generally aren't indicative of behavior (ie. it's who you are). Credit history generally is. So I can see someone questioning the validity/reliability of credit scores as you did but I don't see it as unreasonable to check it in the first place, provided the scores are truly representative of a person's credit. I don't buy your point about credit card balances, although I haven't checked it's veracity.
Whose fault is it that Blacks and Latinos have lower credit scores? I lived around both. Too many liberals have lived in mostly white suburbs and just assume that all blacks act like the few token middle class blacks that they knew. Black and Latino irresponsibility is too blame. This is why TYT sucks on race reporting. They think being anti-racist means pretending the stereotype of blacks is untrue. I don't hate blacks, but I can call a spade a spade.
Credit scores are important if someone is going to buy a car. But they have NO PLACE when it comes to getting most jobs. I'm glad to see people finally fighting back against this.
It really has nothing to do with race why you have a low credit score, it has everything to do with being fiscally responsible. Im black and have amazing credit, a credit score of 770, I should say. America as a whole needs to stop living above their means and on credit. #endofstory
@jrda128 Good for you, but the way YOUR life turned out is the way the lives of OTHERS has turned out.
Ever heard the phrase "walk a mile in another man's shoes"?
Someone might be fiscally responsible and have a good job and everything, but then, all of the sudden, they lose their job (maybe through no fault of their own even), and they have all these bills they budgeted for, but now the budget has to change. I hope you never face that situation, but it DOES happen.
@DisturbedHavok I Agree with you and situations like that, i have compassion for but lets be honest, a mass majority lives above their means, gotta have the latest phones, gotta have the latest clothes, gotta have the latest car, gotta have the nicest house, & etc. You can't deny that.
@jrda128 Actually, I can. I am a boss at a company where I'm salary, but I'm in charge of people working for minimum wage. They live pay check to pay check, but sometimes, the pay check doesn't come in time, so they're sucked into scams like payday loans where they get charged interest so high that they can't hope to pay it back anytime soon.
There are a lot that try to live far above their means, but not the "vast majority" as you say.
@DisturbedHavok I have to disagree with you. There are statistics out there that show you that the vast majority live way above their means. Just look at this whole foreclosure situation that's going on. Yes these banks are greedy pigs, but you know what you can afford and cannot afford. There is blame to go around with this whole foreclosing issue that we have.
@jrda128 That's very black and white and the issue is a lot more gray. People go in, seeing an advertisement for a loan they think they can afford. The bankers, you know, the educated individuals in charge of KNOWING THEIR SHIT on financing, know these people can't afford the loan, but they told them anyway "Yes, we can help you make sure you can afford this" and let the people take out the loan. THEN the bankers sold those bad loans on the derivatives market.
@DisturbedHavok Payday loans need to be severely regulated. I know that the military no longer allows members of the armed forces to take out payday loans.
I applied to become a stocker at Wal Mart in Lee's Summit, MO.I was turned down because my credit score is bad.FUCK YOU to Acxiom.They said I was a fraud risk.How the fuck does having a bad credit score have anything to with my work performance as a stocker at Wal Mart?
denofruean 1 day ago
dont forget, you need work experience :) how do you get that, by working ofcourse, but you need work experience....
jiiub 3 weeks ago in playlist Uploaded videos
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mostpopular2010 1 month ago
Yes it's ridiculous and it discriminates on not latinos and blacks. I have a B.S. and I got into trouble lending a friend money. I've paid off all of my credit cards but I am behind still on other things. I got turned down for a TSA job even though I scored 100 on there stupid tests over these black people who have their pants falling around their ankles and can't even speak proper English....WHAT. It's hard to have bad credit when you've never had a JOB and have been on Welfare your whole life
ikaEr32 3 months ago
Well, let me say I have had employment in the past & currently that states the reason to check my credit, credit check for a customer service jobs is that the employer feels people with low credit score are more likely to steal.
First that is a gross generalization & stereotypical
Second this already set up a adversarial us v. them relationship
qland 4 months ago
Its just wrong, but at least my credit score is good and helping others.
Chris12163 4 months ago
My credit score is awesome. HIRE ME TYT!!! :)
AbonZel3 4 months ago
I actually somewhat disagree on this one: There's far too many people who run into debt like total idiots.
If you're poor: Don't run into debt and get a bad credit score.
If you're rich: Don't run into debt and get a bad credit score.
If you say life gets you down sometimes and you have to run into debt... well... no... you don't have to. *UNLESS* if you're going through with education in order to improve your earning ability, and there is no other way.
ThePaulWog 4 months ago
@ThePaulWog You don't have to run into debt? And what would you have a single parent who loses their job and can't make ends meet do instead? "Don't run into debt" is naive and useless advice.
MissTemperence 4 months ago
@MissTemperence I'm speaking within the confines of a 500 character limit, so some generalizations had to be made. The general people I am aiming the comment toward is the masses: there are special cases, but the majority who are in debt simply are in debt because of they entered debt on their own accord. Often it's because of stupidity / not even knowing how to stay out of debt.
Often parents also think they need to go into debt with children because they won't lower their standard of living.
ThePaulWog 4 months ago
@ThePaulWog this sounds like nothing more than a bunch of speculation. How could you possibly know what circumstances have drivien "most" people into debt, especially with all that has happened over the past 3 years?
MissTemperence 4 months ago
@MissTemperence How do you explain so many people finding themselves in debt? I have never been in debt in my life, and I'm a student living on my own (with a roommate), earning my own wage at $12 an hour, and paying for college. I live in Canada, though, so school is I think a tad bit cheaper; I also get very very basic healthcare benefits with my college fees, so that helps as well.
I'm not saying everyone is in debt because of themselves. I'm just saying the majority is. Could be 51%.
ThePaulWog 4 months ago
@ThePaulWog ing a single college student is hardly the worst financial situation people can find themselves in. People fall into debt due to medical issues, due to losing their job and not being able to get another one (you really think there's enough $12 hour jobs to go around? There aren't even enough jobs at minimum wage), People fall into debt just trying to get by because the minimum wage is not a livable wage.
MissTemperence 4 months ago
@ThePaulWog And I have to say, Unless you're retunring at a fairly late age, a college student who's "never been in debt" your "whole life" isn't really saying much. I've never understood the point of just guessing specific statitstics, but putting that aside for a moment, even if 49% of people's debt is justified by your standards, shouldn't that be enough to convince someone that credit checks are a bad way of judging someone's responsibility?
MissTemperence 4 months ago
@MissTemperence I think you're missing my original point: it was that I "somewhat disagree". Somewhat, as in partially. And disagree as in my opinion is in contrast. So, my view partially contrasts against the view TYT portrays.
TYT is opinion-based news (which is 99% right when it comes to serious political topics in my opinion), but I still dislike it when any news organization (whether I agree with them or not) speaks with huge edge. In this case, it's as if everyone in debt is in a rut.
ThePaulWog 4 months ago
CREDIT SCORING MODELS ARE BULLSHIT. The three credit repositories will not reveal the formulas. i work in the industry and have been to several seminars where scores are supposed to be explained. Only generalities are explained.
Manipulation of scoring was a huge factor in the housing bubble. Suddenly college kids w/no history have 700 scores. completely fabricated.
finerbiner 4 months ago
It depends on the job. I've had several security jobs and having an atrocious credit score is a security risk. Someone one with horrid credit is more likely to have bad debt, someone with bad debt is more likely than someone with out to give up valuable information in exchange for cash to payoff those debts.
Should someone at McDonalds be getting credit checks? Probably not. Should someone working for IRS, TSA, or a plethora of other government agencies with access to private info? ABSOLUTELY.
sinosleep007 4 months ago in playlist More videos from TheYoungTurks
This isnt discrimination against blacks and latinos, but against all poor people. The corporate masters dont see color, they see money. They make more money when you make less. They want it to stay that way and be business as usual.
downphoenix 4 months ago
A credit check is an easy way to confirm someone's address and employment history, that's assuming the credit report is correct, but tests have shown the majority of credit reports contain multiple inaccuracies and it's because they are so often inaccurate that I do not think employers should be able to run someone's credit as a part of the hiring process.
wixx56 4 months ago
If I lived in LA I would apply for a job at TYT without hesitation
Jeridiculous 4 months ago in playlist More videos from TheYoungTurks
Ironically, NOT borrowing money can also lower your credit score. Someone who only pays cash may be very responsible - and still have a low FICO score.
47f0 4 months ago
I was the 1st person on the thread of Roland Martin of TV One to ask him to as this same question to the POTUS when he wanted people to suggest questions and Roland deleted it from the thread after 350 people clicked "like." They don't want you to get jobs. You can't have a "New" Mexico or China if you are employing the masses. 3rd World country is their goal.
skaredufngamen 4 months ago
I think a credit check should be an important factor in determining one's ability to own a credit card and to get a loan: it is not moral to allow someone to borrow money they cannot afford. Of course, these douchebags love giving credit to people who can't afford it so they can make interest, and you saw what happened with bank loans. Jobs have no reason to check someone's credit score; if someone has the credentials they should get the job. wtf.
xOForeverlovedOx 4 months ago
@RealityGrapple no problem, it happens.
alliencedful 4 months ago
Surprised they didn't explain WHY they do those credit checks. It's because someone did a study that said people with poor credit scores are more likely to steal from the company they work for.
That's why they do it, economic racism at it's finest... Have a poor credit score? You must be a dirty thief!
Xenite227 4 months ago
Downward spiral logic is a great way to inevitably turn your country into shit.
GO U S and A.
OtakuRebel 4 months ago
hows the us govs credit score...
thecleanerification 4 months ago
College students make mistakes, and have no idea that it will cost them a career. I've seen this lots, especially in the government and financial sectors: somewhere in the posting or on the application, it says that if you have a bad credit score, or more than $5,000 of defaulted debt, you will not be hired. They view it as a product of your personal judgement, and consider you a vector for corruption, when in actuality people in debt work much harder to pay it off.
BooGooNFlowoo4Evoo 4 months ago
Young People: Default on debt as the result of choosing the wrong partner or the wrong friends, or even just from bad luck, and you are screwed for life. You graduate from college and you can't get a job in this bad economy that will pay the credit card bill. You are unlikely to find a job that pays more than $12.00 an hour (slightly more in Northern states). If you value your life or your immortal soul, do not ever get a credit card or go into debt for any thing.
BooGooNFlowoo4Evoo 4 months ago
From what I understand, also, every time someone checks your credit score, it lowers it some.
YoungBrave2006 4 months ago
Fuck it. Black market, bitches.
We will all eventually become anarcho-fascists.
Amy31415 4 months ago 17
@Amy31415
I'm nearly there. Work under the table, prepaid communications. 70% off the grid. I'm even making my own velocar ;)
Di0genesus 4 months ago
Best Buy didn't hire me because of my credit score. They were hiring at all their locations, I have a great resume, have all the relevant experience for the job, and I'm a hard worker, but because my credit was bad I wasn't even called back! And I applied at 5 locations! I've seen some of the people working there and asked them questions and I know wwwaaayyyy more about computers and care about getting the right answer. One of the guys just fed me a bullshit answer on the spot! Their loss.
395235 4 months ago
If you credit check your employee applyers, it should be to make the chances of someone with a lower credit score get that job easier because they obviously need the money...
By the way, it isn't discriminating against black and hispanic americans, but the general poor.
Austin101123 4 months ago in playlist More videos from TheYoungTurks
This is one of the dumber pieces of shit I've heard on the turks.
Any one. I do mean ANYONE with no bad credit problems as in, clean slate.
Get any kind of credit card. Make enough money to pay off $500. Now use the card for $300. Make the minimum payments for that card every month for 1 year
Your credit is high as a kite, regardless of race. Don't go falling for bullshit racism drama. The bank sees you are green. It wants money. Period. They don't give a shit if you are plaid. They like cash
WildBuck007 4 months ago
@WildBuck007 No, it is not as high as a kite. MY dad was somewhere in the 700s even though he was paying off all his bills, not until he satrted buying TONS OF SHIT LOADS of guitars on credit cards and paying them off quickly did he get into the 800s (continuously). He has to spend about 5-10k a month to be able to keep it sky high...
Austin101123 4 months ago in playlist More videos from TheYoungTurks
@Austin101123
Ya know. The score you just mention only goes so high. That is the highest on the legitimate financial institutions go (roughly 850). No matter how you think of it. If he is sailing in the 700's range just from regular bills. He is doing pretty damn good.
That is a kite. And it is, indeed high =D
WildBuck007 4 months ago
@WildBuck007 700s isn't a kite, 800s is a kite... What exactly do you think is a kite? Oh btw, I mean 5-10k more than the normal 1-2k+ or so.
Austin101123 4 months ago
@WildBuck007 Doesn't only paying the minimum cause you to accumulate an insane amount of intrest?
xOForeverlovedOx 4 months ago
@xOForeverlovedOx
Not with most credit unions. You can assume the lowest interest will be roughly for $500 would be around $6-7 a month. So in a sense what you are really doing. Be it paying bills or just trying to get credit at all. Is buying good credit.
Like I have a license but neither a car nor access to one. So when someone checks my driving record. Its hilarious when they say how good it is XD
Bottom line is go to a credit union over a bank. If not exist. Yer screwed.
WildBuck007 4 months ago
How will we do away with credit scores?
valflyinf 4 months ago
nooooooooo.
Stingerbillion 4 months ago
What does credit score have to do with. . whether you can do the job or not?. . .
" Even though you qualify for the job when it comes to education & previous jobs, we can't higher you because your credit score is too low ". . .
that' doesn't make any fucking sense. . . . America companies and businesses are becoming more and more annoying everyday
pimpinnevaslipin 4 months ago
These HR departments are getting crazy. Just LOOK at the person when you interview them. Are they qualified? Do they answer your questions competently? C'mon ppl. You don't even have to watch out for drug use since a lot of big brother corps test for that too.
radargab 4 months ago
They checc your credit score at the cheesecake factory if u want to be a server, or bartender... That makes no sense to me
doeboyelsancho 4 months ago
You don't need credit to buy a car, house or anything you need. You only need credit to buy things you don't need.......or only want before you can afford to pay for them. That's what credit is........promise to pay in the future. I keep my credit score in the toilet on purpose so I don't have to worry about someone stealing my identity or credit. I pay cash for everything and save for what I would like to have but can't yet afford. Way better to live within your means and not borrow.
LEARNTOPLAYCRAPS 4 months ago
You need to do a credit check because if you borrow Monet from fellow coworkers and don't pay them back, there's going to be issues...
progresIVOMind 4 months ago
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@progresIVOMind
"You need to do a credit check because if you borrow Monet from fellow coworkers and don't pay them back, there's going to be issues..."
That's no reason to do a credit check on them. If someone borrows money from a co-worker, It's the c-workers decision to loan them money, and the borrowers responsibility to pay them back. The employer has nothing to do with that and couldn't be held liable anyway.
Mattm1986 4 months ago
to become a police officer you have to have a a credit check. Can be a conflict of interest if you handle money or valuables in a position of authority, at the same time up to your neck in debt. I doubt pizza delivery companies would employ this strategy.
gobblegobblechew 4 months ago
I would think companies would rather hire people with lower credit scores because these people will work harder and show up Everyday because they need the money to start raising their credit scores!!!
CavesProductions 4 months ago
If you never get into debt, you get a low score. Bastards.
TheFunkadelicFan 4 months ago
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Hey Cenk.. can I have a job at TYT? Where do I apply?
tupacthug4life 4 months ago
Comment removed
tupacthug4life 4 months ago
@RealityGrapple wowow, relax, you shouldn't project your resentment for the average right winger in america on me. my comment is aimed at the people who think credit scores should be used to determin if you get a job or not, which is ludacris because i'd hire someone in financial distress over someone who has lots of money, because that person has a bigger insentive to work hard because of his troubles. "blame poor people for being poor" WTF? i'm the opposite of that.
alliencedful 4 months ago
Let's see...
You can't pay your bills because you can't get a job. But you can't get a job 'cause you can't pay your bills. But you can't pay your bills 'cause you can't get a job. But you can't get a job 'cause you can't pay your bills. But you can't pay your bills 'cause you can't get a job. But you can't get a job 'cause you can't pay your bills. But you can't pay your bills 'cause you can't get a job. But you can't get a job 'cause you can't pay your bills. But you can't...AAAUGGH!
brownhornet22 4 months ago 54
See? Poor people don't want to work!
Their lazy credit score says so...
JMFytube 4 months ago
No, they shouldn't, its not their business as to whether or not you pay your bills...
furthermore, this could pose a problem because if your employer checks your credit score and it is low, hindering you from obtaining a job, then you are in a deeper hole because now you cant get a job to pay off outstanding debts and increase your credit standing and standard of life in general.
coolbeens21 4 months ago
The whole system is out of whack, and it is embarassing.
mike61524334251 4 months ago
@rjbonacolta Do doll, teddy bear or porn collections count?
JMMT7022801 4 months ago
I dont think credit scores are discriminating against blacks, but the poor.
727ping 4 months ago
HELL NO! It discriminates against everybody!
I asked my HR manager during my interview about credit check ratings, she said "It's a great tool to thin out the pile of applications." Her exact words. So in reality, what's on your credit report is meaningless, it could be identity theft, a electric bill from when you were in college, a bad car loan or your ex maxing out a card in your name you didn't know of. If you have a bad score your application will not even be looked at in many cases.
TheUSMetalhead 4 months ago
Cenk just used the mainstream media framing for income... 30,000 versus 50,000. Ha. 30,000 is way more than double what I make and I teach at a university. By framing the discussion around 30,000 and up you neglect the reality for the majority in America.
readchomsky 4 months ago
I guess it depends on the job. If your job is managing money for a small company, a personal credit score actually may be pertinent. But otherwise, it's total bullshit.
upabittoolate 4 months ago
Using credit checks to determine if I can have a job is going too far.
LilWyble225 4 months ago
I understand criminal background checks...but credit checks are ridiculous. They even use credit as a factor in car insurance rates. WTF for? Am I actually being extended credit by Progressive, State Farm, or Geico?
Jay20782 4 months ago
Fuck no stop the fuckin credit checks and stop background checks for misdomenor crimes or crimes that do not pertain to the job your applying for......seriously its gotten way out of control and employers are abusing it and if they find any little reason to not hire you they wont
Cptstarcrunch1 4 months ago
@Cptstarcrunch1 They've been discriminating against ppl w/ low credit scores for years already. Also now insurance companies can charge you more money for services because of bad credit. Because your a risk that you may not pay the charge you more money. Can you say crushed to death in debt!
Boudiga 4 months ago
@Boudiga ya it use to be only jobs were you dealt with large sums of money that did credit checks ...now fuckin everyone does it....its ignorant and quite simply none of there fuckin buisness to start with my ex got turned down from a bank job because of a less than stellar credit score from college debt....even tho she was more than qualified for the job and had plenty of xp in the field and a bookeeper as well
Cptstarcrunch1 4 months ago
@Cptstarcrunch1 Yeah I know, its terrible! The excuse is "if you have lots of debt you'll be tempted to steal from us." What ever happened to being innocent until proven guilty!
Boudiga 4 months ago
I've personally been turned down for jobs because of my credit score. They all say the same thing: "We'd love to hire you, you seem like you'd be a very good employee, but people with low credit scores are more likely to steal from work because they're so desperate to pay off their debt." Seriously? I'm in debt up to my eyeballs, but I've never stolen anything in my life. It's true, they just want to discriminate against people.
BrainTwingeStudio 4 months ago
Ehm, don't you want a job, or a new one, to actually MAKE some money to improve the fucking credit score? What a crazy shit.
SinisterSkip 4 months ago
what business does Government have dictating to private firms, where owners risk their capital and have every right to manage as they see fit, telling them what criteria should be used in hiring?
Ana has never run a business so what the fuck does she know?
genie0390 4 months ago
@genie0390 You're absolutely right, of course. What business does the government have telling private companies that they can't, say, refuse to hire black people? Hispanics, maybe? Women? Not for any particular reason, just because they happen to be part of those groups. Obviously the government shouldn't be involved at any step of the hiring process.
Also, taxes! Where does the government get off telling those sacred private firms where a small amount of their money should go?!
Fucking hell.
ReverendShmun 4 months ago
@ReverendShmun
you're right on! Businessmen who risk their capital owning a business shouldn't have any say as to who works for them???
Government should interfer with business decisions and when things go bad, lets blame capitalism, NOT fuckin government!
with people like you roaming the streets, this Country may be doomed!
genie0390 4 months ago
I'm also finding lots of job applications that state you must be currently employed to apply for the job. They don't want that unemployed riff raff working for them!
PompousPreacher 4 months ago
I am unemployed. After putting in hundreds of applications, I finally got an interview with Wells Fargo. They ran a credit check on me, the unemployment instantly decimated my credit, that's all they saw, and passed on me for that. Credit checks should not be allowed, especially when the only reason a lot of people have bad credit right now is due to being unemployed thanks to the recession.
rhian116 4 months ago
I wanna work for TYT...
Viper718xx 4 months ago
I'm against free labor on the "chance" of employment. Unpaid internships, or just plain "sit down and work and after a while we'll see if we hire you." That's bullshit! Companies use to have paid probation periods of 3 mo. Some today have 6 mo or a yr. But the new hires are paid less, have no benefits and are trained. At the end of the probation, they are evaluated and a new salary, if hired, is given plus benefits. Temp employees are the same today.
Boomer1949 4 months ago
if i had to pick between hiring sum1 with good credit and bad i would go for the guy in debt it means he will value his job more
chiidora 4 months ago
The reason they check credit is because they want to know if you're a "fiscally responsible adult".
Now, this could make sense if they bring it up during an interview. "Why is your score 550?"
Answer: I had identity theft or I was over my head in college so now I want to pay back what I owe...
It's not used like that though typically!
If you are in a position of money though, it makes sense to know your score. If you make software dev, you're not going to rob the company anytime soon..
strongpimphand 4 months ago
I am white and my credit score has never been over 6 hundred....credit companies are a scam, boycot cc and banks, start using pre-paid cards and Credit unions (I know that sounds bad).
jdetuncq 4 months ago
How the hell is this a race issue? I'm white and having been trying, for most of this year, to pay off my credit card debt. Never again will I ever use a credit card. Credit card companies along with banks are evil little institutions set up to fuck you. And with all the bozos and their de-regulation they got away with murder. With credit cards they seem to arbitrarily raiise your minimum balance so you're always just paying off the interest while remaining in debt.
mrselfdestruct23 4 months ago
Sometimes I wish I can just save $15k and pay my car straight out from the bank account in a way of saying a big "fuck you" to the creditors. But no, they don't want that. They think responsible handling of money is also bad credit D:
ccricers 4 months ago
The justification I have heard is related to the likelihood of stealing from the employer. If someone is in deep debt the assumption is that they are an increased theft risk.
siloria 4 months ago
and not all poor people have bad credit. I like how TYT assumes black and Hispanics have bad credit. If im poor would it really be smart to take out a credit card, knowing i don't have the money to pay it back
201stars 4 months ago
@201stars It's not an assumption, it's an average taken from the 3 credit bureaus: TransUnion, Equifax, and Experian. They collect all credit information, they're where you get your credit report from and they decide what your credit score is.
If you're poor and need something you'll do what you gotta do to get it, including going into debt, and banks are willing to give out credit cards to the poor because they know they'll make more money than they'll lose.
kitsunegames 4 months ago
@201stars Idiots have credit problems.
DickCheneyXX 4 months ago
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I Love You Ana!
bigdogobi 4 months ago
and once you get your credit check for your home loans, the bank screwed you over with a mortgage that you cant pay off.
YAY!
houchi69 4 months ago
If you work I a financial institution... Yes we have to check their credit score...
TheLegendaryLinx 4 months ago
you'd think someone in financial problems would work harder.
alliencedful 4 months ago
@alliencedful People are often in financial problems because of medical problems. Working harder exacerbates their medical problems and BAM! they're in even deeper financial trouble trying to pay doctor bills.
kitsunegames 4 months ago
I really wish they'd leave race out of this discussion and stop assuming all blacks and latinos have fucked up credit cause it's not true. And on average even a black boy on the projects has access to a decent community college so please spare me the historical reasons bs. Bad credit transcends skin color, I have some wealthy caucasian friends who have bill collectors calling their house from a living--how do I know this? One of their maids who's Hispanic told me. -_-
TheGirlLovesSports 4 months ago
@TheGirlLovesSports You're the one assuming. They never said "ALL blacks and latinos". Ana quoted a statistic that blacks and latinos have lower credit scores on average, they're 5%-35% lower than the white average. That's AVERAGE, not ALL. The average income of blacks and latinos is lower than the average income of whites. Did you just want them to ignore the facts?
kitsunegames 4 months ago
I'm joining the Army and they straight up won't take you if you have stuff in collections.
rjbonacolta 4 months ago in playlist More videos from TheYoungTurks
@Carlo not sure why you assume It's just blacks. It's other people too. Latinos and blacks just make up the large part but people of a different ethnicity can be subjected to the dame discrimination too. But your spill about going to college...minorities do the same thing yet still find it extremely hard to get a job. If only it were that simple. Best man for the job, hard worker blah blah blah. It's bs.
Texan972 4 months ago
its a private industry. they can do whatever they want. its simple as that
knucklez92 4 months ago
@knucklez92 It's not at all "as simple as that". You said so little yet filled it with so much wrong.
Polydynamix 4 months ago
@knucklez92 The people who think they can do 'whatever they want' need to be run out of the community. Let those assholes 'do whatever they want' alone in a desert somewhere. When you live in a community, you cannot do whatever you want.
manilaenglish 4 months ago
Would really have liked to have heard Ana's thoughts on this; but as usual Cenk cuts her off & babbles his way through the entire clip. Getting less and less impressed with TYT. All it's been lately is Cenk babbling about the same damn issues, over & over & over. LET ANA TALK, she clearly had something to say so STFU Cenk or just rename the show "Cenk's Rants" & get it over with.
SupportOurCommunity 4 months ago
LOL, So if blacks and Latinos make less money, why are they buying on credit in the first place? I cannot afford a Mercedes Benz so I do not get one on credit. If I want a Mercedes, I go to school, get good grades, finish, get a decent job and THEN pay for it.
carlo75x 4 months ago
Am i missing something?
HOW IS THIS A BLACK ISSUE?
fuck you tyt srsly, do you realize that not every white person works on wallstreet.
ryanmail2004 4 months ago
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Stevie68000 4 months ago
They didn't make it a " race issue", they pointed out that this can be used for racists to not hire people of color. They stated a fact.
southrules 4 months ago
@southrules They didn't just 'state' a fact. they interpreted it.
pantheon777 4 months ago
@southrules Sorry buddy but Cenk makes nearly EVERYTHING a race issue.
carlo75x 4 months ago 3
Hey FOX, this is why there's occupy wall street. Its right in front you, you incompetent bastards
isaacBrockofthe41 4 months ago
Bravo, TYT, for once again managing to turn this into a race issue when it's totally irrelevant. I agree that searching job-candidate's credit history presents a circular problem and, frankly, I'm against it. But I think it's unjust to poor white people as well as poor minorities. Poor and desparate is poor and desparate. Race is irrelevant here.
dookdawg214 4 months ago
What does your credit score have to do with your job performance!? Is the government trying to intentionally kill us off slowly!?
ejr23 4 months ago
Harass college students when they don't pay their loans back because they can't get a job, don't let them get a job if they have a bad credit score because they couldn't pay back their loans.... AMERICA #1
muetter 4 months ago
Obvious invasion of privacy. Next they will be checking medical records.
Friedstuffsable 4 months ago
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If you have a bad credit score, you shouldn't be even considered for positions that are close to actual money.
romanmir01 4 months ago
@romanmir01 Why? What does a credit score have to do with how good of a worker you are?
Raizhen010 4 months ago 6
@Raizhen010 How good a worker you are?
I know somebody who runs a store chain, a cashier took money out of the cash registers (which the store director should have removed from the machines at least once a day, but didn't do so for 4 days!) and then she left. The amount of money stolen was greater than the cashier makes in a year. They SHOULD have checked her score (*which BTW, was terrible*).
romanmir01 4 months ago
@romanmir01 But how are they correlated with each other? Having a poor credit score doesn't automatically mean you're going to steal. They aren't related. Someone can have a terrible credit score and be a great worker. The opposite could also be true. You can have a great credit score and be an awful worker. Besides, how could you improve your credit score if no one will hire you because of a poor credit score, which may or may not be your fault.
Raizhen010 4 months ago
@Raizhen010 Hey, if I have 2 resumes and they are no different, I'll find some way to discriminate. We must discriminate on something, we always do. We discriminate on who is our significant other. We discriminate what restaurant to go to, etc.etc.
If I have 2 resumes and both qualify but I need 1 of them - this a great time to do a credit score check.
romanmir01 4 months ago
The whole concept is just dumb. What ever happened to a simple application and a couple of interviews? Smh
bornthug213 4 months ago
@bornthug213 Politics.
UtubeMyAccountName 4 months ago
I'm not worried about this being racist. I'm worried that this doesn't make any sense.
KaliDemiDarkness 4 months ago
Credit Checks do discriminate ... against the poor.
LeksServices 4 months ago 137
@LeksServices the fico system is racist
AthenasConquest 4 months ago
@LeksServices if you are poor it doesn't mean you also have to steal and live beyond your means, no?
How about this is discriminating against those, who are not only poor but also are irresponsible with credit?
romanmir01 4 months ago
I can somewhat understand companies performing credit checks for positions where people would have access to money as a form of weeding out individuals who may not be financially responsible and possibly have motive for committing a theft crime in the future. If that were the case, you may as well perform some sort of fidelity check to make sure the person you hired didn't have a mistress on the side. I've seen enough Crime shows where that's been a motive for criminal behaviour.
allthatzpazz 4 months ago in playlist More videos from TheYoungTurks
Employers shouldn't be allowed to check credit scores...you should have to have written permission to check anyone's credit scores.
Checking a credit score alone can lower a credit score.
cchanderson 4 months ago
I recall hearing how having bad credit can prevent you from getting a job, which surprised me at first. And at the same time I find this to be ridiculous to not hire them when they are in financial need, which is the point in finding a job in the first place. Instead of picking out the flaws in a person's life, look at experience and skill to hire them. Then again businesses are too damn picky these days.
Mika20 4 months ago
If they base hiring off of credit scores no wonder nobody can find work...The system just keeps coming up with ways to fuck us, first it was random piss tests which only stop people form smoking pot and now after the powers that be tank our economy and use predatory lending to fuck us the businesses use bad credit scores to keep people from working...I gotta call it for what it is...BULLSHIT! It needs to stop now.
random69ism 4 months ago
Ana I love you.Your so beautiful.
masterchief3737 4 months ago
gee - instead of testing peoples' skills, they test their credit which is nearly irrelevant to anything.
PeakOilCountdown 4 months ago
Credit and credit scores are a result of for profit services.
Unless you are engaging in these services, there is NO need to observe one's history.
No different then your magazine suscriptions, social networking habits, cable suscription service or other personal transactions one might engage in.
It's AGAINST THE LAW to ask how much debt one carries, or if one ever paid an electric bill late.
Why a law firm hasn't jumped on this... is beyond me.
TruthAndMoreTruth 4 months ago
TYT do you practice NON-paying internships?
How is someone expected to survive while you "think" about actually hiring them?
And if you don't, all that time wasted for NOTHING.
You don't have to pay them a full salary but Minimum wage at LEAST.
Seriously.
PyROphantasie 4 months ago
I don't think it's so much racial discrimination as it is class discrimination.
csprague95205 4 months ago
That person without a job for months, who has a bad credit score is probably going to work the fucking hardest just to get that credit score back up.
AssRapingHorseCock 4 months ago
It is so wrong on many levels to check the prices credit score when considering a job not to mention that most companies would never even told you that they will check your credit score order for you to be hired I think the system is terrible it brings down blacks and minorities
scoobywhoproductions 4 months ago
The only time this could be reasonable is if you're getting involved in a financial position.
Dane42o 4 months ago
Who gives a shit about credit score, they still hire stupid shit people without brains. Instead of hiring someone qualified or overqualified, they hire the dumb shits.
MaicoMoon 4 months ago in playlist More videos from TheYoungTurks 35
They already get in our bodies (for drug testing). So they think they should be able to do anything else they want.
They are the corporatocracy.
I think employees should check to see how often their company kills people through negligence or bad behavior. We already know they commit fraud on a regular basis, so no need to check that.
roundaboutwrongway 4 months ago
This is yet another issue that keeps the common man down.
The ones who have it worse off get abused the most.
I am not wording it right, but its like the credit card documentary I just watched.
A banker admitted, those who could least afford penalties are the ones paying for people to have so called free credit accounts.
Lower class/poor continue to be kicked while they are down.
Left and right, you can work your butt off and still be in the gutter due to the way the system works.
waltermh111 4 months ago
Compound this today with Student loans where the government tells employers not to hire people who have defaulted on student loans. So you lose your job which makes it hard to impossible to pay your credit off. You are ineligible for the jobs in the field you went to collage for and the job in the field you have been working in for x amount of years. Its a fucked up system. But my question is: How the hell are you supposed to dig yourself out of this situation?...
JRMCNEA 4 months ago 2
The apparent reason in my opinion is to check if you're 'more or less likely to steal from the company'; or at least that's the excuse companies have to check your credit score.
bananihana 4 months ago
@bananihana Actually, its not that. Credit isnt affected by criminal record.
I have been in management though I never was in hiring
But the reason its done is because if they have a few people to choose from they want to find reasons to cut people out and make the decision easier
The thought is, if you have low credit its either because you lack experience in responsibility by not having enough credit history
Or you are bad with money, so why should they trust you with their financial interests
waltermh111 4 months ago
cant pay bills because cant get a job. cant get a job because cant pay bills. fucked up cycle
kidpoes 4 months ago
A credit score could be representative of character. That's why a good employer would use it only as 1 indicator of future job performance. But for you to discount its use is being ignorant of reality. Yes, it's not totally indicative of character, but it would be a sign. It's like academic marks in school... Not totally reliable or representative of whether you're actually bright, but it would be a indicator. And I don't see a big brouha over its use, eventhough it's not 100% reliable.
hofifut 4 months ago
@hofifut A credit score has nothing to do with character. Nothing whatsoever. You can blather on about how it's not "totally indicative" etc, but you are totally wrong.
july7nyc 4 months ago
@july7nyc
For you to claim it has NOTHING to do with character... well, no matter what anyone says, you're obviously not open minded to see other points of view.
But I'd bet that if you had a daughter, and you found out the person she was going to marry was bankrupt once or twice in his life, I'm sure you'd have preconceived notions on the person's character.
hofifut 4 months ago
@hofifut Wrong again. I'm open-minded but not to every single point of view that is out there. I'm open-minded to rational, meaningful, fact-based points of views. Someone else's financial history/business is absolutely none of my business unless I am planning on going into business with them. If I had a daughter, her fiancees finances would be HER business- not mine. To me, it's as personal as asking for someone's medical records. Where do you draw the line?
july7nyc 4 months ago
@july7nyc "... none of my business unless I'm going into business with them."
Is an employment contract not a form of establishing a business relationship? Ie, in exchange for your services, I promise to pay you x amount of money?
Of course you have no right to ask your daughter for her fiance's credit record. I'm simply saying you would judge that person differently if you knew he declared bankruptcy in his past. Medical records don't signify behavior. Financial mangement is different
hofifut 4 months ago
@hofifut No, it's not that kind of business relationship and medical records can indeed signify behavior as well as make an employer think twice about hiring someone who had cancer and had to miss work repeatedly. Also the information in credit reports do not reflect the complexity and truth to financial management behavior. Someone who pays off the balance of their credit cards is given a LOW credit score while someone who maintains a balance is given a higher score. It's not about truth.
july7nyc 4 months ago
@july7nyc You don't understand my point. Medical record, sex orientation, religion etc generally aren't indicative of behavior (ie. it's who you are). Credit history generally is. So I can see someone questioning the validity/reliability of credit scores as you did but I don't see it as unreasonable to check it in the first place, provided the scores are truly representative of a person's credit. I don't buy your point about credit card balances, although I haven't checked it's veracity.
hofifut 4 months ago
YOUNG TURKS I NEED A JOB HIRE ME!
Legendxlm 4 months ago
Whose fault is it that Blacks and Latinos have lower credit scores? I lived around both. Too many liberals have lived in mostly white suburbs and just assume that all blacks act like the few token middle class blacks that they knew. Black and Latino irresponsibility is too blame. This is why TYT sucks on race reporting. They think being anti-racist means pretending the stereotype of blacks is untrue. I don't hate blacks, but I can call a spade a spade.
IMPALEXANDERAVG 4 months ago
they did a credit check at my current job lol
kainniak1 4 months ago
Credit scores are important if someone is going to buy a car. But they have NO PLACE when it comes to getting most jobs. I'm glad to see people finally fighting back against this.
MrBigwong 4 months ago
There is certainly a relationship being having a good credit score and being responsible.
bluechipnl 4 months ago
My dad has a horrible credit score, but he works really hard and everyone loves him at his job. He just really sucks at administrating his money.
cocojenise 4 months ago
I've never had credit and I'm looking for a job. Am I fucked?
xXRazorSharp101Xx 4 months ago
I was told that no credit is actually worse than bad credit, so you might be fucked. @xXRazorSharp101Xx
WidowsSon6009AL 4 months ago
Definitely not. This is the way banks interfere with your life to the extent of ruining it. This is against your human rights
komoriaimi 4 months ago
It really has nothing to do with race why you have a low credit score, it has everything to do with being fiscally responsible. Im black and have amazing credit, a credit score of 770, I should say. America as a whole needs to stop living above their means and on credit. #endofstory
jrda128 4 months ago
@jrda128 Good for you, but the way YOUR life turned out is the way the lives of OTHERS has turned out.
Ever heard the phrase "walk a mile in another man's shoes"?
Someone might be fiscally responsible and have a good job and everything, but then, all of the sudden, they lose their job (maybe through no fault of their own even), and they have all these bills they budgeted for, but now the budget has to change. I hope you never face that situation, but it DOES happen.
DisturbedHavok 4 months ago
@DisturbedHavok I Agree with you and situations like that, i have compassion for but lets be honest, a mass majority lives above their means, gotta have the latest phones, gotta have the latest clothes, gotta have the latest car, gotta have the nicest house, & etc. You can't deny that.
jrda128 4 months ago
@jrda128 Actually, I can. I am a boss at a company where I'm salary, but I'm in charge of people working for minimum wage. They live pay check to pay check, but sometimes, the pay check doesn't come in time, so they're sucked into scams like payday loans where they get charged interest so high that they can't hope to pay it back anytime soon.
There are a lot that try to live far above their means, but not the "vast majority" as you say.
DisturbedHavok 4 months ago
@DisturbedHavok I have to disagree with you. There are statistics out there that show you that the vast majority live way above their means. Just look at this whole foreclosure situation that's going on. Yes these banks are greedy pigs, but you know what you can afford and cannot afford. There is blame to go around with this whole foreclosing issue that we have.
jrda128 4 months ago
@jrda128 That's very black and white and the issue is a lot more gray. People go in, seeing an advertisement for a loan they think they can afford. The bankers, you know, the educated individuals in charge of KNOWING THEIR SHIT on financing, know these people can't afford the loan, but they told them anyway "Yes, we can help you make sure you can afford this" and let the people take out the loan. THEN the bankers sold those bad loans on the derivatives market.
Shit like that is why OWS exists
DisturbedHavok 4 months ago
@DisturbedHavok Payday loans need to be severely regulated. I know that the military no longer allows members of the armed forces to take out payday loans.
BooGooNFlowoo4Evoo 4 months ago
@BooGooNFlowoo4Evoo My feeling is this - if a payday loan is