Bad Credit And Unemployed–Job Seekers Look For Ways To Repair A Bad Credit Score Due To Employer Credit Checks

Some unemployed individuals worry that their low credit score may impact their ability to find a job as there are employers who conduct credit checks on their potential employees and, after a job interview or prior to an interview, an employer may see a spotty credit history and worry that a candidate for a job may simply not be who they want working for their organization. Obviously, the idea of employers running a credit check to look over a job seeker’s credit history is something that many feel to be unfair as economic conditions or difficulties which have arisen may have been the cause of missed payments or other stains on a job applicant’s report and not poor financial practices.

It goes without saying, someone who may be unemployed and, as a result, have had difficult financial problems that have led to a lower credit score and problems which will arise on their credit history are in a difficult position where they may have limited options for erasing their bad credit score. For job seekers who may be currently employed, though, advisers have often suggested that they make sure their credit life is in good standing before they begin seeking out other employment opportunities as, again, this can factor into an employers opinion of a potential candidate.

Since, however, unemployed individuals have little or no income which can be used to begin the process of repairing their bad credit score, many job seekers deem it unfair that financial problems related to the loss of their job could actually prevent them from acquiring another occupation, which would obviously provide the income that could be used to improve their credit standing.

Yet, there are those who argue that employers can tell a lot about a prospective employee’s habits and work ethic as individuals who may live beyond their means regularly and simply spend more on credit than they can repay could have certain characteristics that may make them unattractive to an employer. When it comes to overspending, an article on stated, “To some employers, that would raise a warning flag about an applicant’s possible lack of self-discipline–and maybe even lack of integrity.”

However, there are those who argue that unemployed individuals who may have bad credit due to financial difficulties which have arisen relating to job loss or economic conditions may not need to be as worried that they will be passed over for an employment opportunity simply because there are discrepancies on their credit report. As an example, if financial troubles only arose on a job applicant’s credit report after they had lost their job, this would obviously signify to an employer that the applicant had financial issues that were the direct cause of the loss of their job.

For consumers who have kept a positive credit history, but again, job loss has created a situation where missed payments and a lower credit score have arisen do not necessarily lead to the denial of an employment opportunity. However, there have been numerous unemployed individuals who feel that they have been unjustly denied a job simply because their credit report was factored into the hiring decision of an employer.

Understandably, some employers may see problems on a candidate’s credit history and feel that they may be irresponsible financially, which may negatively affect the work they would perform at the job for which they are applying, but again, the mixed opinions on this issue have many wondering whether employers should be able to even use credit checks when evaluating job applicants, unless these individuals are given the opportunity to explain the information found in their report.