bad credit blocking my promotion?

Question

I work for a leading fashion retailer. Beginning from 2005 I stood out as a star employee. I was quickly made shift supervisor with various and extensive duties. I now have traveled around the US opening stores and training all staff along with training managers in my own home store. However even though I do many things beyond the realm of a sales associate, I am unable to become a manager due to my bad credit. My financial situation now leaves me no room to attempt to pay my debt after various attempts. How can I convince my superiors that I am worthy of such promotion? My work ethic is nothing short of strong and I am constantly viewed as a vital associate from my trainees and customers. Still I am viewed as a risk. I have been offered 2 promotions in the last 6 months to have them taken away from me because of this horrible problem. I feel I should be allowed to slip under the radar so I can actually make the money to pay off my debt.

Answer 1

You need to work for a different company. The lack of promotion shows that they do not value job performance as much as good credit. Let them find someone with good credit to replace you...go find a job where performance is valued.

Answer 2

You need to live within your means--which means downscaling your lifestyle in order to pay your debts. Your credit can be quickly repaired as you pay down your debt (unless you have lots of charge offs or bankruptcy or something on there too). Then you can go back to your bosses and show them your progress. It'll make you look even better and more dedicated/trustworthy. Your credit is not the result of how much money you're making--it's the result of your inability to manage your money and control spending. Managers have discretion over funds and often have expense accounts. They can't give you those privileges and expect you to manage company funds well if you haven't proven your ability to manage your own. Make a plan to aggressively pay down debt. Pull your credit report now (or get a copy of the most recent one from HR), and then continue to get one every four months to document your progress.

Answer 3

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 4

I have placed this in the source box. There is a wealth of information there and a great free debt management software program. I bookmarked the site as I return to it often for the advice it offers. I hope this helps you.

Answer 5

Some companies have a HR office that offer some help to employees. Take a look. Maybe they can help you.

In any ways, you have to improve you credit score. Not only for you job, for you. A good credit rate saves you lots of time and money.
http://index-go.com/improve-credit-score-get-out-of-debts-fast.asp

Good luck !