I think employers overuse pre-employment credit checks. The lengthy list of required steps for employer use of consumer credit reports in the Fair Credit Reporting Act (FCRA) has not diminished this common practice. Credit check frequency is undoubtedly helped by the fact that they are quick and cheap. For $10 or less employers can get instant on-line results for candidates.Employers are only supposed to consider this information in making employment decisions when it is relevant for the job in question. An individual who owes lots of money to multiple creditors would not be a good risk for a job that involves handling cash or guarding a bank. Employers frequently stretch this reasoning to say that poor credit could cause distraction and is an indicator that the individual will be sloppy with records and paperwork for all kinds of positions. You don’t need statistics and surveys to know that there are an increasing number of Americans with less than stellar credit due to unpaid medical bills, layoffs and sub-prime mortgage woes. When an out of work banker resorts to credit cards for daily expenses will it prevent them from getting the job they are finally offered after an 11 month search?