Looking For Work? Make Sure Your Credit Resume Is Up To Date!

show details 3:49 PM (10 hours ago)

	Why do potential employers check your credit rating? This is a hot topic these days, and yet another reason why your credit rating is so important. There are several reasons why someone may have less than perfect credit, some which may indicate a potential problem for employers and some situations where the individual had little or no control. For example, a low credit score may indicate a limited use of credit, a severe illness with big medical bills or a lengthy layoff with no severance. Other consumers, regardless of their income, simply live beyond their means on a regular basis, overspending on credit. To employers, that could raise a warning flag about an applicant's possible lack of self-discipline -- and maybe even lack of integrity. And employers might reasonably be concerned that an employee's money problems could tempt him or her to steal or to pad an expense account.
With few jobs and so many candidates with similar qualifications looking for work, employers often look for small differentiating factors (positive and negative) to help them make decisions. Credit history can be one of these. Check the Education and Resource Centers in your Protection Plan account for more information on improving your credit file.