Not many people reason pay attention to their credit history. Others may say that they don't need to build credit since they have no plans of getting a loan or a mortgage anyway. But even if you don't need to apply for a loan today, you may need to do so in the future.
Not many people reason pay attention to their credit history. Others may say that they don't need to build credit since they have no plans of getting a loan or a mortgage anyway. But even if you don't need to apply for a loan today, you may need to do so in the future.
But more than just enjoying lower rates and getting easy approval from lenders, your personal credit history plays a crucial role in getting an employment. If you're a student in college, have you thought about building your credit history? If you haven't considered it yet, it's about time to start thinking about your future employment.
How Your Credit History Can Affect Your Job Choice
In the corporate world, companies and employers check individual credit reports before hiring a worker. Yes, it's not just about good academic grades and training. Your credit status can also make or break your future in a respected company. This is not only applicable for executive job levels. Even regular jobs now require good credit.
In fact, a survey conducted by Harris Interactive for Spherion Corporation (a recruiting firm) reveals that more and more employers today screen their applicants based on their credit history. Statistics show a 55% increase in the number of employers who inquire credit reports. Can a bad credit score really affect your reputation?
Apparently, a history of unpaid charges, late payments or too many credit cards with existing balances can send negative impressive to prospective employers.
Think about this, if you were the owner or the manager of a company, would you be confident to hire a person with bad credit? Or would you have doubts about this person's sense of responsibility? Wouldn't you want to know the reason why this person seems to have problems in managing his own finances? Would you be confident to entrust company tasks to someone who doesn't seem capable of handling repayment obligations to creditors? With so many people looking for a job, it may be difficult to compete with others who can present good grades, college diploma and a high credit score. Having a good credit rating would surely give you the advantage you need over other job applicants.
Clearly, building an early credit history and maintaining a good credit standing can make a big difference in your search for employment. By the time you need to get a car loan, a mortgage or a credit card, a solid credit history can give you the break you need.
Things that Lead to Bad Credit
Every consumer must think about maintaining a good credit history. But maintaining good credit may not always be so easy. In this article, let's discuss the factors that can lead you to bad credit and how you can avoid them:
The Issue of Hidden Credit Card Costs and You
It cannot be denied that credit cards are a part of life. We use it in buying groceries, clothing, paying utilities, purchasing airline tickets, making hotel reservations, etc. But many consumers who own credit cards fall in the trap of bad debt. Why?
Unsecured Credit Cards - How They Work
All credit cards- regardless of their type (business, personal, rewards credit cards, etc) - can either be secured or unsecured. This article talks about unsecured credit cards and how you can get the most out of them.
