I am going through background for a job and am having to give an explanation for my low credit score. A few years back I went through some financial difficulties, and stopped paying some of my bills to take care of other personal obligations. How do I appropriates inform this employer that although my situation looks horrific, it doesn't reflect my ability to work and complete my job?
2006-08-01 07:53:05 · 8 answers · asked by sunlovin76 2 in Business & Finance ➔ Careers & Employment
Since you know your prospective employer will be checking your credit... be honest and upfront about your past financial difficulties. Explain that the problem occurred a few years ago and you have been working on picking up your FICO score ever since. Also, advise the employer that your financial problems, are just that... and, that they do not have anything to do with your work ethics. Good Luck!!
2006-08-01 08:01:11 · answer #1 · answered by CxeLady 3 · 3⤊ 0⤋
If you are a bad credit risk you fit the following profile:
You are more likely to steal from the company than a person with a good credit history.
You are more likely to be faced with a garnishment than a person with a good credit history. That is paperwork that your employer does not want to deal with.
You are more likely to make bad choices a person with a good credit history. When you chose to skip some bills you may have done what you felt was the right thing. Keep in mind that they don’t know you. The letter is the only thing that may set you apart from all the people that skipped paying bills to buy alcohol or drugs.
If your explanation is clear and thorough, then I think you will have little to worry about.
2006-08-01 08:05:47 · answer #2 · answered by Marvin 7 · 0⤊ 0⤋
Well, I can only tell you why I had to submit a credit report to a former employer and that is because they look at the fact that you couldn't pay your bills, so how can they be sure if you are going to be trustworthy and responsible. I was also told that if I owed a lot of money, how can they be sure that I wouldn't rob them blind and sell their belongings to pay for my debt. That made sense to me and I will probably ask to pull credit reports on people that I were to ever hire from now on.
I would make sure that you are honest and tell them why you didn't do it at the time and also, that you are doing it now.
2006-08-01 08:01:40 · answer #3 · answered by brittme 5 · 0⤊ 0⤋
unless the job is in a bank i do not think they should be asking for that info. they have no right to deny employment based on credit info. look for another job.
2006-08-01 07:58:17 · answer #4 · answered by BRYAN w/a Y 3 · 0⤊ 0⤋
it shouldnt matter to them. just tell them you didnt have the money to pay your bills because you had personal things that needed to be attended to first. i didnt think employers could look at your credit score tho, thats just wrong.
2006-08-01 07:58:29 · answer #5 · answered by mickey g 6 · 0⤊ 0⤋
Just tell him you hit hard times and had to divert most of your monies in different directions.
And if they dont understand that, just look for employment elsewheres.
2006-08-01 07:58:18 · answer #6 · answered by mitt w 3 · 0⤊ 0⤋
That is despicable that you have to jump through that hoop....what company is this for; or at least what line of work?
2006-08-01 07:57:45 · answer #7 · answered by 3eleven 4 · 0⤊ 0⤋
I think you should tell them exactly what you said here.
2006-08-01 07:56:53 · answer #8 · answered by startwinkle05 6 · 0⤊ 0⤋