Many Americans have no idea that their prospective employer has the right to check credit scores before extending a job offer. The employer cannot check your credit without your express consent, but it is possible to skim right over the fine print before signing any applications. When you sign your application, you are granting the prospective employer the right to perform a background check, and that will almost always include a credit check.
Now, having bad credit does not mean that you won’t get the job. Your potential employer will have the full story on how you deal with financial responsibility, however, and this could lead to you missing out on certain positions. This is especially true in companies where the employees have a great deal of fiscal responsibility. If you cannot manage your own finances, why would your prospective employer trust you with theirs?
You can prepare for this eventuality by requesting a copy of your credit report before the application process. You may be surprised by the reports that you find, but it is possible to work with creditors to remove old derogatory claims. You can also speak with these companies to work out payment plans that can reduce your level of debt quickly.
When you are ready to begin the application process, take a moment to discuss the background checks that will be performed. You have a right to know just what screenings the employer will use, and how it may negatively affect your chances of employment. If you are confident that you are being seriously considered for the position, then you may want to speak up about what the employer could find on your credit report. You will find that most people are understanding, especially when things occur that are beyond your control. Employers will be happy to overlook bad credit reports that are a result of a divorce, an unexpected layoff, or medical reasons.
It can be embarrassing to approach these subjects with anyone, but you do deserve a chance to explain your situation. If you can present your case in a clear and concise manner, show confidence in your decision, and prove your ability to be honest, then you might find that you can turn the negative credit report into a positive interview point. Above all, remember that you are not alone in your fight, but you must show your initiative to correct the problems.