Reply #62: You are mostly correct.... except about employment....

[Lisa0825]

I work for a state employment office, and believe me, MANY employers who have nothing do to with money check credit as a pre-employment screening tool. It makes no sense to me, and it infuriates me, but it is a trend. It really took off when the unemployment rate was higher several years ago, and it was basically an employer's market. They could ask for whatever they wanted and so many people were applying for the jobs that they could get it. Hopefully, since unemployment levels are not as high now (though way too many people are UNDERemployed and taking pay cuts) credit ratings are not going to be used as much.

But anyway, it was not just a scare tactic... I saw it listed as a requirement in job ads every single day. I am not in quite the same position now, so I can't say if it has subsided.