Bad Credit Can Stop You From Getting a Job
You have the suit, your cover letter has been rewritten, your resume is superb and you get the interview! You think that everything went perfect during the interview only to receive the letter that they chose another candidate. What could have gone wrong?
Did you know that if you have bad credit it could impact whether or not you could get a job? A recent Wall Street Journal article recently showed that over 47% of employers will check a job prospect’s credit history for certain jobs. These days, your employability includes more factors than it did before and employers can afford to be choosy.
In the current economy more people are being forced to make financial decisions that could leave a bad mark on their credit reports that could stay on there for seven to ten years. If you have had great credit, try to work with your creditors to see what you can do to avoid getting late payments or negative items added to your reports. You may want to look into other options that could have a smaller impact on your report in the long run. The US Department of Justice has information about legitimate credit counselors who might be able to assist you.
Employers view your credit as a representation of your responsibility with money, but what if your credit report isn’t accurate? You have the right to obtain your credit report for free once a year from all three of the major credit bureaus (use annualcreditreport.com, this is the one set up by the bureaus and the FTC). You will definitely want to check your credit report if you are searching for a new job and verify the accuracy of all items listed on your report.
If your credit report is accurate, but you still have bad credit, you may want to learn some tips and techniques to improve your credit. If there are inaccurate or unverifiable items on your credit report, you may want to look into hiring bad credit repair services. Make sure that you do what you can to improve your credit score, so that it isn’t what keeps you from getting that job that you are looking for.
Lexington Law
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