Credit Scores and Getting a Job
Imagine that you are preparing for a job interview: not just any interview, but one that will land you the job of the dreams. You have researched the company, prepped for the questions, picked up the proper attire, and even practiced your winning smile. You have probably ticked all the items off of your interview checklist; however, you may be missing out one crucial, albeit ignored item: your credit score.
Your Credit Score and Your Career
Many people are surprised by the fact that employers can actually turn down an application on the basis of a poor credit score. Allow us to clarify a little more. It is not the isolated credit score that will keep you away from your dream job; it is your credit report.
The entire thing may sound a bit strange. After all, why should an employer consider a prospective employee’s credit habits before hiring them?
More Than Just A Financial Report
Your credit score and credit report offer much more information about prospective employees than just their financial health. It indicates people’s attitude towards money, which plays a very important role in our lives. And this indicator can tell an employer whether you are worth hiring for a particular position.
The question to ask is: would you hire someone who is considered a risk by lending agencies and insurance companies? Maybe yes, maybe no. Few hiring managers are willing to take someone on board who cannot manage their own money and credit.
From The Employer’s Perspective
It is an easy habit to assume that all you have to do to land the job is impress the employer at the interview with your poise and confidence. That is just a part of the process for companies. The credit report plays an important role in the decision. A particular company or hiring manager may feel that an employee with a high debt to salary ratio, or one with a high spend to salary ratio may not be the ideal fit.
What You Can Do
The good news is that you are in control of your destiny. As a rule of thumb, try and achieve a credit score of 750 or higher. That is the magic number employers are looking for. The other thing you can do is monitor your credit score regularly to check where you stand.
Worried about your credit rating? Ready to improve your score? We can help. At Action Credit Repair, our experts will provide a personalized credit consultation, an audit of your credit history, and offer solutions to all of your credit obstacles. Contact us today to speak with an experienced professional: Call 518-945-2299 or email [email protected].