Archive for the ‘Employment’ Category

In this tough economy and the number of potential employees competing for jobs, making sure that you have a competitive edge that can help get your foot in the door is becoming more and more important. A number of job applicants don’t realize that their bad credit score can impact whether or not they get a job.

Wall Street Journal recently reported that:

“Some 47% of employers say they check the credit history of applicants for certain positions, according to a survey by the Society for Human Resource Management of more than 430 organizations in late 2009. That’s up from 42% of employers in 2006. Just 25% of employers in 1998 said they regularly or sometimes checked applicants’ credit histories.”

In the case of your credit report, what you don’t know can hurt you. If you are currently in the job market you may want to make sure that you have a clean credit report. If you don’t, you may want to look into credit report repair and learn other ways to help improve your credit.

It is a startling fact for the 80% of Americans who do not realize that bad credit can affect their chances of getting a job, according to a recent survey by VISA. By law, employers have the right to refuse to hire job applicants because of their credit histories.

Whether you side with the employers who feel your credit history is a good predictor of your judgment, character, and work performance or you side with consumer advocates who feel this practice is an unfair method of discriminating against job applicants, the information in your credit reports could play a role in your being hired for a new position.

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