Employers want to make sure you can handle money before they pay you money
Your Credit Report may play a role in your employment aspirations and, if you have dreams of self-employment, credit plays an even more important role in achieving success. No matter who’s the boss, money can be part of the job satisfaction equation, and management of that money is critical.
Yes! Credit Matters: Bad Credit can Make You Look Bad
Collection accounts or foreclosures can be included in your credit report and may impact employment-related credit checks. 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.
Yes! Credit Matters: Making your Credit Report Job-Worthy
Since many employers may check your credit before making a job offer, it's important to periodically check your Credit Report to make sure it's accurate and up-to-date. 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.