Bad Credit Hurts Unemployed

With the unemployment rate at 9.2 percent and the economy at an all-time low, finding a job is becoming a difficult task. For every job opening there are hundreds of applicants and candidates need all the help they can get. But, many job seekers don’t realize their credit ratings could be sabotaging their chances of getting a job.

Most consumers know their credit reports are scrutinized when applying for loans, credit cards and mortgages, but many people don’t know employers often do the same background checks on job candidates. And this practice is perfectly legal. There are certain laws employers must follow but the likelihood of being turned down for a job because poor credit, bankruptcies and a variety of other damaging information is becoming greater than ever before.

Your consumer report has a lot of personal, sensitive information including in it. If you don’t know what’s in your report, now is the time to order a copy. The government requires all three major credit reporting companies to supply consumers with one free report per year. You also have the legal right to order a free report whenever you’re turned down for credit. Consumers should never have to pay for their consumer report.

For more information, advice and tips visit read this article. It tells where to order a report and what employers can and cannot do with your consumer report.