A 2013 survey by Demos, a public policy organization that combats inequality, showed that 10 percent of respondents who were unemployed had been informed that they would not be hired because of some facet of their credit history. The same survey indicated that 1 out of every 7 job applicants with “blemished credit histories” had been told they were not hired because of their credit history. [...]
Moreover, problems of poor credit are more likely to affect already disadvantaged communities, such as people of color. Black and Latinx householders tend to have lower credit scores on average than white householders, largely due to predatory lending and credit discrimination against these communities. Demos has also noted that communities of color are disproportionately likely to have poor credit reports.
