Credit Score Impact Unclear to Most: Survey

The vast majority of Americans do not know that a bad credit score is more than just a barrier to getting a loan – it may also keep you from getting the job you want.

A new survey released by Visa USA shows that only 20 percent of Americans know that it is legal for employers to refuse to hire job applicants with low credit scores. Fully 52 percent of Americans mistakenly believe it is illegal for prospective employers to use credit scores as a hiring criteria and another 28 percent of survey respondents are unsure.

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