Article DetailsYour credit score and job prospects…why it matters |
| Date Added: November 18, 2009 05:00:00 PM |
| Author: Jennifer McClelland |
| Category: Blogs: Finance and Investment |
| Credit makes the world go around, at least in our capitalistic nation. It seems these days there is not a lot that you can do without it; counting landing a job.
It might sound extreme to you, because it definitely sounds extreme to me, but when you apply for a job and agree to a background check, the possible employer can also test out your credit history. In my opinion, this is not any possible employer’s concern. What credit follies I may have made in the past I am obviously trying to rectify by getting a job and it will be very difficult for me to fix anything devoid of a job. Thanks to a steadily slipping job market, credit scores are on the decline. Individuals are getting behind on credit card payments, going into foreclosure, and filing for insolvency protection. Consequently finding a job with a bad credit score is a double edged sword. According to persons who are in favor of the credit score inspection prior to hiring an employee money issues could mean that the person has a mess in their life that could lead to poor work behavior, including employee thievery. These same people said that those with great credit histories are not as likely to have poor work habits and be trustworthy as well as consistent. I, as well as some experts, think there is no comprehensible link linking a credit score and history and the duty that an individual can do. I am not stating that there is something wrong with having a faultless credit history, just that you can’t dismiss those who don’t. Credit reports simply don’t account for layoffs, the overall economic circumstances regarding unemployment, and things like medical bills or identity thievery. There is a person I know who is the best person with money. He in reality is the biggest saver I’ve ever met. Unfortunately, through a couple of bad business deals and poor judgments of character, this man’s credit fell to a really low number. These kinds of things stay on your credit report for seven years for the most part. Think about it, if you can start your credit history at what time you’re 18, do you think you’re the same person at 25? How about the difference between 23 and 30? I think that if an employer is going to check an applicants credit history, perhaps he or she should give the candidate the opportunity to explain blemishes on their credit report before just judging that applicant for things that may be nearly a decade old. Even though I would still not agree with the practice, I think that this would at least give the candidate a chance to explain the situation instead of just being thought of as a bad prospect to a possible employer. |
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