New Law Protects Jobseekers From Credit Inspections
KREX News Room
GRAND JUNCTION, Colo.- A Colorado residents credit report will no longer be available for employers to look at to determine potential employment.
The new law will protect jobseekers from unwarranted scrutiny of their credit information when they apply for work.
Officials say the law was necessary because employers were considering credit histories in making decisions, but research shows there is no correlation between job performance and credit history.
“Our job seekers are facing barriers such as long-term unemployment or not up-to-date job skills or lacking technical skills,” said Suzie Miller of the Workforce Center. “So from the job seekers stand point, this will hopefully eliminate one barrier that they face as they go out there and look for employment.”
This law prohibits employers from using credit information unless the information is substantially related to a job.