Employment and Your Credit Score

Image by Casey Serin via Flickr

 By Mike O'Brien

I was floored when I read a recent article by Lisa Pulliam Weston who writes for MSN Money and The Los Angeles Times.

She writes, "Many employers -- including the federal government -- routinely scour credit reports on current and prospective employees to help decide who's hired or fired."

Companies and the federal government routinely check credit but this recent downturn in the economy has made maintaining a positive credit score more difficult. The Society for Human Resource Management reports 35% of companies pulled credit on current or potential employees last year, up from 19% in 1996.

Most people think their credit will not be a problem, however, credit files can contain correctable errors.  Employers are looking for severe marks on your credit history and will generally overlook a few late payments.

Not knowing what is on your credit file is a gamble you should not take. There are many steps you can take to improve your credit and remove items that are old or not accurate.  It all starts with knowing what your credit looks like. Mrs. Pulliam suggests checking your credit a few times a year. Follow this link for a free credit check: http://www.climber.com/url/kTZ4S37401365


Cheers,
Mike