Employers want to make sure you can handle money before they pay you money

When unexpected events like unemployment, medical emergencies, or foreclosure, you could have a hard time finding a job. That’s why it’s so important not to overextend your credit and to pay your bills on time. If you are unemployed and struggling to cover your expenses, it’s a good idea to ask creditors to lower your interest rate or let you make smaller minimum payments until you find a job. Otherwise, bad credit could keep you from getting your dream job or re-entering the work force.

Since many employers now check your credit before making a job offer, it’s important to see if your Report is free of errors or negative marks. Start by reviewing your Report and disputing any errors you find. If you have negative marks on your Report, such as collections or charge-offs, work with creditors to show your willingness to take care of past due debts. Remember, that paying your bills on time going forward can make you appear financially responsible to employers.