A poor credit history doesn’t mean you won’t get that dream job, but your credit history can play a role in an organization’s decision to hire you. So, if you’re looking for a new job, you need to know why prospective employers care about your credit history.
Many companies that conduct credit background checks do so to reduce liability for negligent hiring and decrease the chances of theft and embezzlement. Generally, prospective employers view your credit history as a reflection of your overall level of responsibility and trustworthiness.
Additionally, your credit background check is most likely part of a comprehensive background report that includes information like your credit history, past employment and any legal activity. It’s also important to know that prospective employers are not reviewing your credit score, but rather, they are looking at your credit reports, which provide information about past and current accounts.
So, before you start your job search, take the time to review your credit reports and make sure that all information is accurate. If you find any errors, contact the credit bureaus and have them corrected. And as always, pay all your bills on time.
If you’re renting, solutions like RentReporters can help build your credit history by having your on time rent payments reported to TransUnion.
For more information on RentReporters, visit here.