AP reports states may limit employers ability to check credit of new hires

This Associated Press story could be good news for unemployed workers seeking jobs:

Sixty percent of employers recently surveyed by the Society for Human Resources Management said they run credit checks on at least some job applicants, compared with 42 percent in a somewhat similar survey in 2006.

Read the full story here...


More info on credit checks and credit ratings:


The Guerrilla Guide to Credit Repair: How to Find Out What's Wrong with Your Credit Rating--and How to Fix It

BestCredit: How to Win the Credit Game, 2nd Edition

Your Credit Score: How to Fix, Improve, and Protect the 3-Digit Number that Shapes Your Financial Future, 2nd Edition

Credit freeze protects credit, thwarts ID thefts

Hooray for Texas!
Texas joined 34 other states this past weekend giving consumers the right to freeze their reports without first having to be victims of identity theft.
The process is simple: when you freeze your credit report, an identity thief is shut out from getting hold of your credit because the creditor can't check your credit history. It's locked up tight.
Practically no lenders I know of will lend out money without first performing even a bery basic credit check. Thus, freezing your own credit has been proclaimed one of the best ways to protect yourself from identity theft at this time.
Before this legislation became effective at the first of September 2007, Texans could not freeze their credit reports unless they were already victims of identity theft, as they had to wait for a crime to occur before they could take steps to protect themselves.
As Texans might put it: Kind of like locking the barn after the horse has gotten out.
Read the full account in the online version of the Dallas Morning News:
http://www.dallasnews.com/sharedcontent/dws/bus/columnists/pyip/stories/DN-moneytalk_03bus.ART.State.Edition1.35aa55a.html
Now, if the other 16 states will just get onboard and allow ALL consumers the right to protect their credit.