Depending on the type of job for which you apply, potential employers routinely check your credit report before offering you a position. They realize that your resume only reveals what you want them to know about your history. Because a credit report is compiled by a third party without your participation, it more objectively reveals how you handle your financial life. This revelation can indicate how you handle the responsibilities of work.
Credit History Matters
Fortunately, you can easily find out what is in your report through AnnualCreditReport.com. By law, you can order one free copy per year from each of the major credit bureaus: Equifax, Experian, and TransUnion. If you pick up one report every four months, you’ll get a constantly updated picture of your money habits. You want to start this process before applying for any jobs, so you can fix any problems.
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How to Deal With Inaccurate Data
Look for any discrepancies in the document. Pay close attention to the names and addresses of merchants, payment terms, amounts, and dates. If you find any mistakes, contact the company that submitted the information and the credit bureau that is reporting it. Request that the problem be corrected immediately.
Make Certain Your Credit is All It Should Be
If your report contains late payments, collections, bankruptcies, or foreclosures, those red flags may indicate to employers that you don’t know how to handle money correctly. You cannot do anything about these listings if they are accurate. However, most, if not all, will drop off the list after about seven years. In the meantime, be prepared to explain them if your interviewer points them out.