Although I benefit from this practice, I disagree with it.
So there is a correlation between credit scores and job performance, or between credit scores and automobile accidents. There may also be a correlation between hair color and job performance, or between number of cavities you've had with number of speeding tickets. At best this stuff is irrelevant, at worst it's discriminatory.
Also I have a problem with the secrecy of credit scoring. No one knows the specific details that go into the calculation of your credit score. Ultimately this means that there are criteria going into your prospective employer's hiring decision that you have no control over.
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