Faith:


Fear can keep us up all night long, but faith makes one fine pillow

Thursday, July 30, 2009

Bad credit can affect your job prospect


You've networked your way into a job interview. Your background is perfect and your references are impeccable. An offer may be coming. Then the hiring manager says they just need to do one more thing: run a credit check.

Depending on the kind of position you're looking for, a high credit-card balance and a few late payments -- which may have happened because you've been out of work -- now threaten your chances of receiving a job offer.

Forty-two percent of employers, including the U.S. government, run credit checks on job candidates, according to a 2006 survey by the Society for Human Resource Management. Most often credit checks are due diligence on potential employees who would have some contact with money, from CFO to clerk.

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