I have a low credit rating due to medical bills. I am paying them off slowly but it has made it on to my credit rating. When interviewing companies check your credit rating, will this disqualify me or make it harder to find a job?
2007-07-19 07:15:10 · 11 answers · asked by bumpcat834 1 in Business & Finance ➔ Personal Finance
I agree with most of the people. It really does depend on your job. Let me explain why. The worse your credit is, the more chance you will cheat on the company.
If you dont pay your bills, will you be responsible enough to show up to work? Or if you are a teller at a bank, you have a better chance of stealing because you might need it.
I get that yours are medical and when an employeer sees that they understand. I wouldnt hire somebody with bad credit to work for the bank, unless it was medical.
That is your Ace in the hole. If its not medical, dont apply for a finacial job or a job where you handle any money. You wont get it.
2007-07-19 07:56:54 · answer #1 · answered by financing_loans 6 · 0⤊ 0⤋
It depends on the company and the job. Some jobs can be automatically nixed due to bad credit. Sometimes this comes up with jobs that have a security clearance. Some jobs that require you to handle money have credit rating standards. Bank tellers would be an example of this. Also, many companies use credit as another tool to guage how worthy a possible employee is.
What you need to do is be proactive. When you are in the interview, let them know that there are credit problems and let them know that you are in the process of fixing them. Do not give them a sob story even if it is true. Show that you are a responsible adult and that you are fixing what is broken and that you are not ashamed to hide it. Will this guarantee you a job? No. Will it guarantee they will not use your credit against you? No, but it at least gives you a chance to give your side of the story. Some employers would be impressed by someone doing that.
2007-07-19 07:26:40 · answer #2 · answered by A.Mercer 7 · 0⤊ 0⤋
It depends on the position, the company, the industry, etc. Many factors.
I know to work in certain industries (i.e. defense - where you need top security clearances, you NEED Tier 1 credit, or else your out). Other positions like Financial Analysis, Cash Management, they put a lot a emphasis on that.
Most large companies put the credit app as part of the application because it's a company wide policy, but unless you work directly with CASH or other financial instruments, they won't even both checking it - they just have it there, because it's a company policy!
2007-07-19 07:26:13 · answer #3 · answered by Anonymous · 0⤊ 0⤋
This irritates me. I really don't think a credit check is necessary for employment. Any past problems are no indication of future performance. A potential candidate who is well qualified for a particular position gets rejected because he or she was late on a car payment 5 years ago. It doesn't make any sense and employers are using information from credit bureaus that the credit bureaus themselves admit that information on their files is not updated and/or inaccurate. If someone doesn't get hired because of a credit check and it is found out that the persons credit is wrong then there is cause for a lawsuit against the credit bureaus.
2016-05-17 11:26:46 · answer #4 · answered by Anonymous · 0⤊ 0⤋
It depends also on what job you're applying for.
When I applied to Chase they checked closely and a bad financial rating would have been cause not to hire.
A job requiring security clearances is another category where a bad credit rating might disqualify you.
2007-07-19 07:25:54 · answer #5 · answered by Robert S 6 · 0⤊ 0⤋
Whoa!
Medical Bills?
You are kidding right?
If you were a professional human resource guy, and you had two guys, one with and one without business life sucking medical bills (indicative of the dreaded Liberalisms you know which can legally be discriminated against in most cases), who might you choose? After all, those that choose the former can count on unemployment because the judges from the Ronald Reagan Revolution can be counted on to hate those that favor liberals of any kind. And you need favorable judiciary to run any business wherein the judge has "found" it within the law to seize business licenses from liberals "for being bad founding fathers within the community" and not "protecting those that are as children to them by wining the Ronald Reagan Revolution" instead of utterly falling to it without a fight.
2007-07-19 07:28:17 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Only if you are applying to a major company will they check your credit. Some of those don't even check. I would like to congradulate you for working on paying off your debt. You can find some great tips at http://www.your-credit-solution.com and they even offer a free ebook on credit repair. They really helped me out when I was in debt. Good Luck.
2007-07-19 10:24:58 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Most jobs don't enquire about credit rating. However, some do. Jobs in Finance, Law Enforcement, or other positions that may require handling monies will check you. If it is low they consider you a risk.
2007-07-19 07:26:28 · answer #8 · answered by sshazzam 6 · 0⤊ 0⤋
That would depend on the employer, and how in depth they look at your credit. If they can see all your delinquencies are medical related, they may overook your credit, or they might just look at your FICO and move on. Tough call...
2007-07-19 07:21:36 · answer #9 · answered by Web G 3 · 0⤊ 0⤋
Credit rating has nothing to do with your job qualifications.
Employers realize you need a job to pay off debts. That's why we work. One has nothing ot do with the other.
Click my avatar for ideas on ways to supplement your income to pay down debts faster and rebuild your credit score.
Be sure to pay more than the minimum due each month when your income increases.
2007-07-19 07:24:13 · answer #10 · answered by Anonymous · 0⤊ 3⤋