TrueCredit.com, whose parent company is credit reporting agency TransUnion, reports that 16% of employers surveyed use a credit report as part of their regular screening process. That’s one in six companies. (The survey polled 214 people working in human resources. The margin of error is +/- 6.8 percentage points.)
This is especially damaging news as more Americans are looking for work and their credit scores may be taking a beating.
Read the story at the Wall Street Journal.