Is Employment Affected By Your Credit History?

When looking for employment, credit history can have a huge impact on your job search and whether or not you are offered a position.

Credit Reviews on the Rise

It has been reported that approximately 35 percent of employers now routinely conduct credit searches as part of their employment process. Additionally, almost any government job includes a background check that includes a review of credit information. Information contained in a credit report is used to verify social security number, employment history and decision making judgment, particularly for individuals in the financial sector or for employment in high security positions. For government jobs, negative credit information can result in failure to gain security clearance and in some cases, immediate dismissal.

With the use of credit history on the rise in the current economic climate, individuals would be prudent to make every attempt to clean and rebuild credit history as a part of their job search process.

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