Check Your Credit Report and Improve Chances of Getting Hired - PowerPoint PPT Presentation

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Check Your Credit Report and Improve Chances of Getting Hired

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Are you in the process of searching for employment? In order to avoid disappointments, it is very important to be prepared in all aspects of the job application process. – PowerPoint PPT presentation

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Title: Check Your Credit Report and Improve Chances of Getting Hired


1
Check Your Credit Report
and Improve Chances of Getting Hired
2
Why Check Your Credit Report
  • It is important to check your credit report even
    if you know that you don't have any outstanding
    debts.
  • There may be a case that you will discover
    erroneous report.
  • Such errors can easily be corrected by sending a
    dispute letter to the credit bureau that issued
    your report.

3
Is Pre-employment Credit Screening Allowed?
  • Most of the companies do use credit history to
    evaluate a persons employment history,
    background, and credibility. While personal
    credit score is not always a relevant factor to
    get hired, the information contained in your
    report can significantly influence an employers
    decision whether or not to hire a candidate.

4
  • The applicants credit history and credit score
    can be determining factors in getting hired in
    some industries, depends on the position you are
    applying for.
  • Usually, pre-employment credit screening is done
    in professions that involve handling of finances
    and confidential information.

5
  • Even the Federal Law states that employers cannot
    refuse a job applicant based on credit history
    alone, an employer may give other reasons for not
    hiring applicants with bad credit history.

6
  • A banking institution may prefer to hire
    candidates that are not just qualified to do the
    job but also with clean credit histories.
    Clearly, an impressive credit standing can give
    you the edge you need over your competitors.

7
Is it legal?
Yes, credit check is a legal process. However, a
company must first disclose the fact that they
will be conducting credit-screening or that
credit check is part of the application process.
8
The job applicant must first give consent before
credit check can be made. With this in mind, you
can greatly improve your chances of landing the
job you want if you are confident about your
personal credit.
Source http//goo.gl/ORNsSc
9
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