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Renewed effort to limit employers' use of credit reports

6:33 PM, Feb 1, 2013   |    comments
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DENVER- Democrats are renewing their attempt to restrict the manner in which credit reports can be used to judge job applicants.

Senate Bill 18 aims to keep credit information from being used unless it's pertinent to the job.

"You shouldn't be denied an economic opportunity just because you've hit hard times," said Sen. Jessie Ulibarri (D-Commerce City).

Many job seekers agree, saying that being denied a job will only keep them from repairing their damaged credit.

"It's a catch-22. You have to have a job to pay bills," Warren Gaal said.

Gaal has been out of work for three years and the only reason his credit report looks good is because he's borrowing from his parents instead of a bank.

Experts who advise employers on hiring practices agree with the sentiment, but oppose the bill.

"I would recommend that [lawmakers] move on to other things and let the laws that we have protect employees," said Lorrie Ray with the Mountain States Employers Council.

She points out there are already federal laws against using credit scores to gauge your financial status, denying employment based on bankruptcy or garnishments, like child support, and using any medical items in your credit report.

Adding more rules at the state level just makes the hiring process more confusing, she argues.

Bill supporters say a state law will keep credit info from being pulled in the first place.

(KUSA-TV © 2013 Multimedia Holdings Corporation)

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