Wednesday, October 27, 2021

No Jobs for You? Here’s What You Need to Do Before the Chase


If you are thinking about applying for a job, or perhaps planning on borrowing money or borrowing a car before you find a job, check your credit report…it could save you a lot of time, stress and money.

What are your chances of getting hired? Studies have shown that when you start looking for a job, you are already 7 percent less likely to get one. A good credit score can increase those odds by 40 percent.

People have to get a job to pay rent and feed their families. If they have bad credit, they are taking on all of the responsibilities of managing their finances. The cost and anxiety of managing their finances without a job can really make their heads spin.

But some employers check credit reports to screen out job applicants. This practice is likely legal in most states, so what do you need to do to prevent potential employers from digging through your credit report?

First, ask HR why they might be investigating your credit report. Then, check your credit report and make sure there is nothing on it they don’t know about.

First you should check your credit report to ensure it is up to date and clear. You can check your credit report for free through by submitting the information for free on the’s free credit report form.

If you find any information that shows you owe a lot of money, charge it off to your loan or credit card. This is like putting a “past due” note on your account.

Don’t panic. Give it a couple of weeks. Then find a payment option that will give you the best terms for paying off your debt.

If you have bad credit, you can request your credit reports from each of the three credit reporting agencies. Visit for the rule on what you need to do to obtain your credit reports.

Any good job search is a difficult process, especially if you are looking for a job you really want. The time and trouble you take to check your credit report gives employers a chance to check to see if you have the character they want in a potential employee. When will employers start considering the character of candidates in a hiring process?

We are often told it takes about a month to find a job after you apply for one. If you take this into consideration, you will be ready for the interview within a week.

Let’s hope you put an end to the stress of managing finances if you find a job.

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