Guess how many employers run credit checks on job applicants? A recent report from Inc. Magazine says at that at least 60 percent of employers run credit checks on potential job applicants at least some of the time. This is a 17 percent increase from 2006.
And given the high unemployment rate, this is particularly concerning. With a much bigger pool of candidates to choose from, employers can narrow the pool of qualified candidates by looking at a job applicants credit score. And one of the facts about bankruptcy is that job applicants might consider bankruptcy as a sign that a job applicant is unreliable.
This means that job applicants with bad credit may be hit with a double dose of trouble. Not only are they out of work, but they also are unable to make regular payments on mounting mortgage and credit card bills, which is causing their credit score to plummet. Since many employers are making credit checks a mandatory condition of employment, job applicants with bad credit may find themselves stuck in a vicious cycle.
If you are a job applicant worried that an employer will run a credit check, your best bet is to be candid with possible employers and let them know about your experience. Since the recession has had unfortunate consequences for many people, the employer might be sympathetic to your plight. Pitch your situation as a learning experience so that you can show the employer that you are ready to move on from your mistakes.
Explain that you have started the process of credit repair after bankruptcy to minimize damage and improve your credit score. You can also educate yourself by enrolling for our teleseminar.
By taking serious steps to repair your credit, you might be able to demonstrate a change on your credit report. To repair credit after bankruptcy, remember that you will need to open new lines of credit. If you can show an employer that you have managed these new lines of credit wisely, you might be able to convince them that the bankruptcy should not be a reflection of your character.
Though credit checks for job applicants who have suffered bankruptcy might have a harder time securing a job, employers are also likely to value an honest accounting of your situation. By being forthright about your past mistakes and offering evidence of your progress, employers will be more likely to look past a three-digit number and offer you the job.
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i have attended a few teleseminar and it is good to but lack personal interactions`;-
i always attend teleseminar specially if it is related to internet marketing, i really love to learn from teleseminars’-.
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