EMPLOYMENT and BAD CREDIT

Negative Credit Can Squeeze a Job Search

Don’t be passed over for a job due to bad credit.  Bad credit can put the brakes on your employment opportunities if an employer discovers through a credit check that you have poor credit.  A recent television news report gave a shocking account of just how important it is to maintain good credit.

Bad credit can affect your ability to get more credit. But, did you know it can also affect your ability to get or keep a job? Employers often use a credit report when they hire and evaluate employees for promotion, reassignment, or retention.

According to the Fair Credit Reporting Act (FCRA), an employer must get your permission to look at your credit report. If you don’t get a job because of information in your report, the employer must show you the report and tell you how to get a copy from the consumer reporting company. There is no charge for the report if you request it within 60 days of getting notice that you did not get the job.