Is Your Credit Rating Affecting Your Job Search?

Your Credit Rating and Employment Eligibility

Well, we’ve discussed how a poor credit rating can increase the interest you pay and even increase your insurance premiums, but did you know that your credit rating can also have an effect on your job search? Believe it or not, more and more employers are using a job candidate’s credit rating to help determine which candidate is best for the job.

Why You Didn’t Get the Job

You’ve got a solid work history, great references and you just can’t figure out why you didn’t get the job you applied for. Believe it or not, if you have adverse information on your credit report, your credit rating may have something to do with it.

It’s becoming increasingly common for potential employers to check a person’s credit rating and credit report prior to making a hiring decision, especially in the financial industry. If your credit has problems, the company may decide to toss your application to the wayside.

What You Can Do

If you’re on a job hunt, make sure that you know exactly what your credit rating is and what’s on your credit report. If there are any errors, get them taken care of before applying for the positions you’re interested in. By making sure your credit rating is in tip-top shape, you’ll better your chances of getting the job you’re looking for.