Bad credit can affect you getting a job – can your bad credit and personal finances affect your job search? The answer may surprise you when applying for a job.
A recent survey of 35-54 year olds published by the National Financial Education Council found that over 25% of respondents were subjected to a financial background check (or credit check) as a condition for their eligibility to get hired or promoted. Additionally, almost 30% of respondents in the survey were reportedly unsure if their employer performed a financial check beforehand, and 5% of respondents said that they were turned down for a job or promotion as a result of one of these checks (18% were unsure).
With these survey findings in mind, it’s important to understand the implications of your financial situation in regards to either your favorability as a potential employee or your chances at scoring that big promotion.
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