Your Credit Report Might Keep You From Being Hired

February 3rd, 2008 by Luke | in Credit Cards, Getting a Job, Personal Finance with 5 Comments

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credit_report.jpgThe job application process is often referred to — just as the college admission process was — as a crap shoot. So many things to into play - from the quality and design of your resume, and the quality of your interview, to how many other people are applying to the same job; and of course, it always comes down to who you know. But did you know that your credit score can play a very important roll in you landing your dream job?

Employers want reliable, responsible employees. Potential employers (as well as life & automobile insurance companies, and landlords; just a head’s up) are granted access to your credit history, which they use to determine whether or not you are a good risk. Any employer’s line of thinking is, understandably (although sometimes unfairly, especially at our age), if you’re a poor credit risk - you’re probably a poor employment risk. If two people are vying for the same position, a hiring manager will likely opt for the candidate with a better credit score, as they are seen as more responsible. Just another reason to build your credit, not begin to wreck it, while still in college!

(image by jadedhalo)

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Comments

  1. 1
    Girls Just Wanna Have Funds // February 3rd, 2008 at 9:10 pm

    I really think this is a lesson that ought to be taught before graduating college. So many grads leave college not realizing how their credit affects their standing with potential employers.

  2. 2
    Luke // February 3rd, 2008 at 9:12 pm

    I agree wholeheartedly. I was lucky and graduated with very good credit (I’m sure since graduation it’s taken a hit) but I had no idea this could happen until well after I left college!

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