Sunday, February 13, 2011

No link between credit and job performance

MCRC is working with a broad coalition of advocates to support legislation that will limit employers use of credit reports and credit scores. Employers will be able to use credit if a bona fide, job-related reason exists. Traditionally, women, minorities, and youth tend to have lower credit scores. Moreover, as MCRC testified, if a struggling home-owner receives a loan modification through the federal HAMP program, these partial payments are often reported as delinquent to credit agencies. A vicious cycle ensues-trying to save one's home leads to poorer credit, which may limit one's ability to gain work.

Read more about the bill here:

Call your state delegate and senator and tell them you support the bill. You can find out who your legislators are and their contact information here: http://mlis.state.md.us/

Contact MCRC and let us know what they say. Email us at: marceline@marylandconsumers. org

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