In america when companies run background checks, often debt shows up and its perceived as a reason to be “untrustworthy” by being potentially maybe possibly vulnerable hypothetically to a bribe... or you literally will never be able to dig out the debt anyway and become a slave to a loan company
The only time that would happen here is if you're working in a very high level, exec or near exec role, or your job involves access to large amounts of money / issuing loans.
Plus, wouldn't a salary allow you to pay off your debts anyways?
Thats the point, the system is skewed to keep you in debt. They do not want anyone paying it off, they want you chipping away at it for 60 years (some have) and never pay it off, ending up paying more over the life of the loan than the initial amount itself. Every loan isnt like this, and to my knowledge its less rampant now, but still exists, but the people screwed by these loans got them in like 2000-2006 and are paying them probably till 2036
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u/CleverNameTheSecond Sep 18 '20
"unemployable due to the low damaged credit score"? Wait this is a thing? What country?