501 (c)(3) non-profit Organization
01/16/2010
Having a good credit history can affect more than just a person's ability to get a credit card account or an auto loan. It can also help them land a job.
A recent story from the Minneapolis Star Tribune noted that some employers may check a person's credit record when considering them for a job. Bob Schoenbaum, who is with a recruiting organization in the city, told the paper that the current employment market allows companies to be more picky when it comes who they hire.
"While credit might not be the most important factor in a hiring decision, bad credit can be a tipping point between one candidate and others competing for the job," Schoenbaum said.
Other reports have noted that employers are considering credit histories because they may be an indication of how risky it is to hire a person. After all, someone who is deep in debt may have more reason to steal from a company.
People who are looking for jobs do have options when it comes to trying to improve their credit standing. One of those may be to visit a consumer credit counseling organization, which can help them organize their personal finances.