Many employers appreciate honesty and transparency when it comes to hiring prospective employees. By volunteering the information yourself rather than waiting for them to find it out anyway, you will have an opportunity to tell them firsthand about what happened and what you are doing now to improve your current financial situation. For example, if your late payments were caused by an unavoidable financial difficulty like a serious illness, accidents, or unexpected expenses, telling your employer this and providing an explanation can soften the blow.
Your honesty will be appreciated and most likely create trust in you. There are indeed certain jobs where a credit check is more important than others. Some of the jobs where a credit check is important include accountants, financial planners, government workers, law enforcement officials, lawyers, casino workers, and any job where you are dealing directly with large amounts of money.
It is then best to avoid applying for these jobs if your credit is still in bad shape. However, there are also many options where you can still get employed even if you have bad credit. You can even apply for work from home jobs with no startup fee. Some of the jobs that you can apply for include the following:. Another way to get over the hurdle of being denied employment because of your credit score is to take steps to improve your credit before applying.
Improving your credit score has many benefits. For many people, this process can seem overwhelming and a little frustrating as you go through all these steps. You can order a free copy of your credit report from annualcreditreport.
When you get your credit report, carefully check every item. You should also keep an eye out for possible errors in the information listed on the report such as false entries or incorrect balances that could hurt your score by creating a negative balance.
According to research by the Federal Trade Commission, 1 in 5 people had errors on their credit reports. Editor's Picks. Why the Equifax data breach may impact your right to sue financial firms Credit 3 min read. What the Wells Fargo scandal can teach you about the Equifax hack Credit 3 min read. Angry at Equifax?
You have the right to sue Credit 3 min read. Why did my credit score drop after paying off debt? So can customizing your cover letter to the position and being charismatic during an.
What many people don't know is that your credit report can affect your chances of getting hired, too. A CareerBuilder survey found that 72 percent of employers conduct background checks on all the employees they hire and, of those cases, 29 percent check credit reports. Typically employers perform the checks on people who will be handling financial transactions and responsible for large amounts of money, Gonzalez says. Smith is a consumer rights attorney, concentrating his practice in the areas of Fair Credit Reporting Act and Fair Debt Collections Practices violations, as well as consumer fraud claims and lemon law.
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Further, OppFi is not responsible for and does not endorse, guarantee, or monitor content, availability, viewpoints, products, or services that are offered or expressed on external websites. Building Credit Credit Scores. By Andrew Tavin Andrew Tavin.
Andrew Tavin covers budgeting and credit scores for OppLoans. His experience as a comedian lends an approachable and humorous angle to his content and makes the scary parts of personal finance less intimidating for readers. Updated on March 18, You're about to get hired How big is the risk? Article contributors.
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