Many consumers are looking to improve bad credit by paying their credit obligations in full and on time, but don't have enough resources to meet this goal. Taking up a seasonal job may be the answer they're looking for.
According to a recently released survey from Snagajob.com, hiring managers plan to not only increase the number of individuals they take on this summer, but they also plan to pay these new workers more than they did last year.
In the 1,005-person survey, 10 percent of respondents said they plan to hire more workers this summer – an increase from the 6 percent who answered similarly in 2010. In addition, hiring managers say they will pay workers on average $10.90 an hour, 7 percent more than the hourly wage they said last year.
This is positive news for a number of consumers who need extra money to get themselves out of debt. Paying bills on time helps to keep credit reports clear of negative marks, such as a delinquency or charge off. However, sometimes these items may appear on a credit report by mistake, causing major problems for the consumers.
A person who finds him or herself in this position may want to work with a credit repair company to investigate and dispute an unfair mark. After working hard to get their finances in order, the last thing consumers need is to be penalized unnecessarily because of a possibly errant item. Removing these marks may be the credit fix that helps get their finances back on track.