A lot of jobs these days require that the applicant provide a Social Security number. Not only does this help the employers to determine the work eligibility status of an applicant, it also helps them to determine if the person has the creditworthiness to join the company. Yes, you read that correctly. Many companies are basing your employability on your credit report. This is on top of background checks, reference checks and other standard application procedures. Readers in California might be interested to learn about how employees are fighting back against these credit reports.
A June article in Law360 notes that the number of Fair Credit Reporting Act lawsuits are on the rise against employers. Part of the problem comes in when employers use the information in a credit report as the basis of terminating a current employee's position with the company or refusing to offer the employee a promotion that would have otherwise been given.