A new Illinois law prohibits employers from using credit histories to determine whether to hire, fire or promote, the Chicago Tribune reports. Employers found to be accessing credit histories for such purposes could face legal action, the report states. Some employers are exempt from the law, which takes effect January 1, 2011. "If you lose your job and your credit is damaged as a result, and employers use your credit to prevent you from getting a job, this is a vicious cycle folks will never get out," said Sen. Don Harmon, the sponsor of the legislation.
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