how do you overcome bad credit on job interviews?

Answer 1

Get actively involved in repairing your credit! Your credit is another character reference. It often reflects what type of person you are, and how you handle money.

I work for a major collection agency. I have dealt with the military, state boards, and various investment firms in verifying if accounts with our agency had been resolved. They were requesting information on new applicants and also employees looking for a promotion. I had a Lawyer that was in jeopardy of getting dis barred because he was over 100k in debt and was ducking and dodging his creditors.
It is a very tough job market out there! You need to always be at your best when applying. Good credit is another notch on your resume!

For now, I would not volunteer information like that to a potential employer. If it comes up, be honest and hopefully you have a good reason .. whether it be you lost your job and was out of work for some time, you were sick , or something.
Move forward from here and know that 7-10 employers check your credit. Get it together as soon as possible if you want tips email me and I'll get you going . Good Luck

Answer 2

Remove it from your credit and you don't have to worry about it. Now to respond to your objections, Yes, it can be done, yes it is legal and yes there are professionals to help you do so. There are 340 different laws to use just to have the negative information removed from your credit report, EVEN IT IT IS LEGITIMATE! The Fair Credit Reporting Act does NOT mandate that any information be kept on you for any amount of time. Most people believe it does because that is what the credit bureaus and lenders have worked so hard to get you to believe. But it simply isn't true. If you read the FCRA (and I have) it uses the word CAN but never does it use the word MUST except when it mandates how the credit bureaus behave with regards to their fair treatment of people and their credit reports. For example it says information CAN be reported for 7 years but not MUST. It says that the credit bureaus MUST remove the information under certain circumstances and certain legal challenges (and as I stated above, there are 340 of them) but it doesn't say CAN! There is a reason for that. Back in the 1970's our Congress still believed in protecting the people of the United States from the abuses of Big Business. So they wrote this wonderful act and passed it into law.
So, if you don't like the bad information on your report, remove it. If you don't know how, there are professionals out there who will be happy to help you. Keep in mind that there are ONLY THREE legitimate credit restoration companies in the United States. Do your due dilligence!

If you have any questions regarding your credit issues, you may contact me at [e-mail]

Answer 3

Apart from everything that Owlwings has told you regarding interview techniques... I was a credit controller for some time. The objectives are mainly setting up new accounts with appropriate credit limits and payment terms and then chasing overdue accounts both by phone, letter and then legal action if they are still unpaid. It's a doddle of a job, anyone can do it. Good Luck!!

Answer 4

Unfortunately, the law does currently allow prospective employers to run credit checks. While I think this may apply to jobs in which one will be doing financial transactions, I personally disagree with it for other jobs. Your credit doesn't affect your ability to make a cappucino. However, a REPUTABLE company will inform you in the application process that they may run a credit check, and if there are any questions, you should be able to explain your situation to the interviewer who would prefer honesty to defensiveness. (example: perhaps they see you've been in debt for a long time, you can explain it was due to being laid off, or a divorce, etc.)

I still don't like the practice, though.

Answer 5

If you are interviewing at financial institutions like mortgage companies or banks they will deffinately check and it deffinately matters. I have been at a bank for 5 years and have been looking.
I was denied a job offer because of my credit because I couldn't take care of it, even though they wanted to hire me. Now, the best thing to do is say that you are working on it. Some places are more lenient than others. It looks better if you have been working on it. You could try setting up payment plans with the creditors. Something looks better than nothing.

Answer 6

Bad credit is one of the worst problems to have... however there exists a solution.

I will hereby talk from my personal experience.

I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :

http://umgarticles.atspace.com/debt-consolidation.htm

if it helps kindly remember me in your voting!.. cheers!

Answer 7

The guy who says it is illegal to ask about credit couldn't be more wrong.

A LOT of companies now include a credit check along with a background check before you are hired.

A late payment here and there, or trouble way in the past won't hurt you.

The reason is that employees who are struggling with bills/creditors are MUCH more likely to steal.

Answer 8

Just be honest from the start about your bad credit and you may be able to explain some of it. Also,get your credit report and maybe make payment arrangements with the various debtors that way if they question you you can say you are currently trying to pay off debts.

Answer 9

It shouldn't even come up unless the job involves access to the company's cash. Then they want to make sure you are not a risk for embezzlement, and there is nothing you can do about it. Otherwise don't bring it up unless they ask.

Answer 10

I don't think I've ever asked a potential employee about their credit. I've interviewed and hired hundreds of people.

It's probably even illegal to do so.