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Bad Credit Can Spell Job Search Woes

Bad Credit Can Spell Job Search Woes

Dona DeZube | Monster Finance Careers Expert

Get Your Story Straight

What can you say when you’re asked about poor credit? Your best bet is to keep your answer short, sweet and sincere. Acknowledge the error of your ways. Assure the employer that there was a one-time problem and you’ve changed. For instance, you might say: “I came from humble beginnings, and when I went away to college, I’d never had any experience with credit. I got overextended, and that was wrong, but I learned a lesson and worked hard to pay off all my debts. Since then, I’ve had clean credit and I hope this won’t hold me back, because I really want to work for your company.”

If you are turned down for a job because of credit problems, the employer has to give you a copy of the report and explain your rights under the Fair Credit Reporting Act.

Don’t Trip Up

There is one other way a credit report can trip you up. When you apply for a new credit card or loan, you provide information about your current employer. That information is passed along to the credit reporting service. If you leave a job off your resume and it appears on your credit report, someone may notice the discrepancy. That’s another good reason to pull your own report from all three companies before you start interviewing.

Is It Fair?

If you have poor credit, you’re unlikely to agree with employers who think good credit is important. Instead of beating your head against the wall, try applying for work with smaller companies where the hiring process isn’t standardized and there are no professional human resources folks to suggest credit checks.

This article was originally published on Monster.com.

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