On some occasions, during a process of job selection, recruiters may request credit history as part of the usual requirements. This situation may not be recurring in all sectors and there are cases in which, as part of the information required to apply for a job, applicants are asked for a document proving that they do not have debts with banks and other entities. financial. But can we close the doors to this opportunity? Faced with this doubt, we consulted with two specialists in labor issues.
Can they give up hiring me if I have debts with banks?
According to Gabriela Benites, a Human Resources specialist dedicated to recruitment and job selection at Inetum, this practice of requesting a credit report and history “can be a condition and impediment in large or transnational companies. It depends on each institution’s internal policy and the field to which it is dedicated. We can see cases such as those of banking entities that are looking for personnel. Then, one could not enter to work if they have debts, since it would be an act of irresponsibility and would make the applicant look bad.”
For the specialist, there is a solution and it would be “presenting a letter of commitment to pay. In this way, we are committing ourselves to the company and providing solutions in case we have a debt with a bank. First, we must contact the entity with which we are indebted and reach an agreement that we are going to pay to facilitate this process”.
The job selection process can last weeks and, on some occasions, they may ask us for documents that prove they have no debts. Photo: Freepik
Can a bad credit rating affect job opportunities?
According to Dr. Fernando Zegarra, a specialist in labor law at the IURALEX study, “having debts with financial institutions is not an impediment to not being hired and it would be an attack against our rights. Work is a duty and a right. It is the basis of social welfare and a means of fulfillment of the person, as established in article 22 of the Constitution of Peru.
In addition, it adds that it would be a discriminatory act for some companies to verify that the candidates do not appear in the credit bureaus (Infocorp) before hiring their staff. In this situation, “many people can report these types of cases, however, they decide not to, because it can be a tedious process since these types of processes usually take months, even years.”
Therefore, the exclusion of a job selection process due to indebtedness would be an illegal act. However, some specialists indicate that these documents would be open to interpretation and internal regulations of each company.
On April 6, 2022, the Fuerza Popular parliamentary group presented a bill in Congress that “prohibits the review of the credit rating for public or private labor access in order to achieve a correct labor policy that can reactivate the economy of Peruvians affected by the global economic recession, unemployment and delinquency created as a result of the COVID-19 pandemic”. However, to date this bill has not been approved.
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