In recent months, my FaceBook timeline has been filled with people posting they can help you improve your credit score. With my passion being helping others find jobs they are happy with and which provides a livable income, I started to question if credit could impact a person’s job search. I read many articles, and what I gleaned from my findings is that the answer is yes and no. There are some states which actually prohibit companies from making a hiring decision based solely on credit. In the states where this prohibition does not exist; however, if you give the employer signed permission to run your credit as a part of the background check, then you may be denied a job opportunity based on credit. The following article is very detailed and can provide you more information of how credit can impact your job search: Can You Get a Job with Bad Credit?.
Don't Be In the High Risk Category:
Even though my research was targeted towards credit and the job search, I found that credit can impact you in so many ways that it is important for you to monitor your credit closely and consistently. If possible, you should do everything in your power to ensure that your credit is in good standing. Unavoidable things do happen to impact your credit; however, you can recover from it. If you do not take action on improving your credit, it may cause you to pay a much higher interest rate when purchasing a vehicle or home, or may prevent you from purchasing the car or home altogether because the lender may find you to be a high risk.
We Cure Credit Now - Interview with Christi Simpson:
Christi Simpson is one of my classmates and a dear friend. She works in the field of credit restoration, so I took the liberty to ask her a few questions about credit and how she might be able to help someone who has come victim to bad credit. The name of the company Christi works with is We Cure Credit Now. The primary focus of their job is to help to remove, correct, repair or update inaccurate, misleading, unverifiable late pays, charge-offs, collection accounts, tax liens, judgments, bankruptcies, repossessions, foreclosures, inquiries, identity theft accounts, and wrong personal information. Christi informed me that your credit is your buying and negotiating power. For the lenders it shows your level of responsibility with what you have. It determines much more than the type of loans and interest rates you get; it is also used to set premiums for auto and homeowners’ insurance. Landlords use credit scores to decide who gets to rent their properties. Credit scores are a financial tool.
When I asked Christi what role credit plays with determining if a person is fit for hire, she informed me that, employers are not able to see your credit score. The report provided through their system includes information that contributes to your score such as payment history, and if accounts are in collections. It can also verify your identity, background, education and see previous employers. For a potential employer your credit report indicates whether or not you are responsible.
If you are in need of assistance with improving your credit, I highly recommend contacting Christi for help. Her phone number is (469) 616-1789, and her email address is CSimpson@wecurecreditnow.com.
Don't Let Credit Stand in the Way:
In most circumstances, I would like to think that your knowledge, skills, abilities, accomplishments, experience, and references would be the only factors that come into consideration when determining if you are suitable for a job, but reality is, that is just not the case. You have to keep in mind, more often than not you are not the only interviewee being interviewed for a position, so if another candidate is equally as skilled, and you have bad credit, and his/her credit is good, then that could be what is standing in the way of you obtaining the job of your dreams. Again, I encourage you to contact Christi if you are suffering with credit issues. Do not let a low credit score or inaccurate information on your credit report be the reason you have to continue paying higher interest rates on loans, be denied for the things you want, and make you a least viable candidate for a job position. Thank you, Christi, for your contributions to this blog.
We Cure Credit Now