Credit Scores As Measures for Employment & Character is simply evil

I find it insidious that a person's character and integrity can be blighted and downgraded to virtual trash via self serving Credit Bureaus.

To use a Credit Bureau credit history and "worthiness" to determine job opportunities or insurance rates, for example, is beyond the pale and to my mind quite evil.  Bad things can happen in a person's financial life which can stem from a variety of reasons that have nothing whatsoever to do with the honesty, integrity and respectability of a person or his/her ability to perform admirably.  In many cases those with so-called top rated credit scores and history who may not have suffered some medical tragedy or untoward financial catastrophe in their lives will almost always get a job before someone who has a "poor" credit history due to the aforementioned events.  It should be that character counts not credit scores and history inside the arena of credit applications.  Credit reports should only count or be pulled for the issuance of credit for purchasing homes, cars and merchandise, etc., period.

Now, I know some will use the inane excuse that the way you conduct your finances is a sure indication of how you conduct the rest of your life and I would say total baloney to that!  If that were the case America should be judged as an immoral, unworthy country because it has lost its AAA credit rating!  No, its credit isn't up to par but it would be ridiculous to berate its character because of that!

Furthermore, what about some of these people in congress whose honesty is questionable but who would make sure their credit history stands up to possible scrutiny during election.  How easy is it to hoodwink people into believing that a perfect credit history means stellar integrity?  Very easy.  Just look at all the companies that tell you they are going to check your credit history when you apply for a job.

By choice I have no credit cards whatsoever and have the philosophy that if you can't pay cash for something you don't buy it, yet because of paying my way as I go, I may have a "poor" history or "low" credit score by virtue of the way Credit Bureaus work.  Now, whilst I have no complaint about not having a "credit track record" to buy large items like a house or car, (that's my choice) I do have a problem with it being used to judge me for insurance and employment and any other use other than to judge my credit performance for providing me with credit.   In other words because I want nothing whatsoever to do with credit ratings, scores, history or bureaus and pay cash, I may have warts on my reputation. My character and performance as an employee may be put into question. This is an outrageous and unacceptable position.

To be judged by an employer or insurance company as to one's integrity and work ethic or as a safe driver using a Credit Bureau's rating, is, in my mind, immoral and wicked.    

A long time friend of mine for over 40 years has an impeccable record of good character and has worked in executive levels of the commercial banking industry for over 30 years.  In fact he has been with the same financial institution for that same period of time.  This man gave excellent, honest advice to his business clients who thrived under his guidance but he never translated his business expertise to his private finances and suffered financially on a personal basis.  Does this mean that his business acumen must be shunned because he might have a low credit score and thereby also a poor credit history? 

It is a form of tyranny that the Credit Bureaus are being used to determine aspects of our lives which have absolutely nothing to do with how good or bad one's credit history is and that isn't even touching on how they determine the ratings in the first place, which is just as maliciously sinful and self-serving.  That is another story for another time.