When you’re applying for a job, there’s no doubt you’ll be going through your CV and covering letter with a fine-toothed comb. We all know how important it is to make your best impression when it comes to your application for a new position. Everything from a couple of typos to a few lines of missing information could put a prospective employer off you. However, there’s another factor that could influence the decision-maker for your dream job. Employers in some industries have added a new weapon to their assessment arsenal – credit checks.

By checking your credit rating before hiring you for a job, employers can equip themselves with the ability to judge whether they think you are responsible with money or likely to be unreliable when it comes to looking after your finances. For an employer, the thought that you might not be very good at keeping on top of your bills or have had negative credit experiences in the past could be a worrying thought. They may call into question whether they think you are a reliable candidate for the job if they carry out a credit check and it comes back unfavourably. Especially true in financial industries or if the Job involves handling money. (I have included the last bit to make sure people don’t get it wrong. I am sure you can write this in a nicer way than my suggestion)

By checking your credit rating before hiring you for a job, employers are equipping themselves with the ability to judge whether they think you are responsible with money or likely to be unreliable when it comes to looking after your finances. For an employer, the thought that you might not be very good at keeping on top of your bills or have had negative credit experiences in the past could be a worrying thought. They may call into question whether they think you are a reliable candidate for the job if they carry out a credit check and it comes back unfavourably.

Luckily, in the same way that you can ensure you’re well prepared and presented for interviews, you can work towards making sure your potential employer doesn’t find them self worried by the credit rating returned for you.

The first thing to do is to request a credit report for yourself. This means that you can see all the information about you that credit rating companies have about you on file. This gives you a chance to also make sure that you haven’t unknowingly been a victim of identity theft. If you do find that someone has been using your details fraudulently, it’s important that you inform the authorities right away. You can also make sure that a note is put on your credit report so that this doesn’t hold you back in the future.

If your credit rating comes back with negative aspects but not as a result of fraud, the most important thing is to look at ways for you to improve your rating. Things such as making sure you are on the electoral roll and that you pay all credit or store card bills off in a timely fashion are good ways to improve your credit rating. Another important aspect to improving your ratings is to make sure that you explain yourself when it comes to past problems, if there’s a note with an explanation on your report, a future employer is far more likely to look on it favourably! A credit check can help you pin point problem areas and start working towards improving them.

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