You've spent hours refining your resume and perfecting a cover letter to show prospective employers that you're the best person for the job, but have you taken a look at your credit report? According to a Society for Human Resource Management study, approximately 47% of employers ask to see your credit report during the hiring process. If you have negative information on your credit report such as frequent late payments, accounts in collections, bankruptcies, or foreclosures, this may impact your candidacy.
Keep in mind that the Fair Credit Reporting Act prevents employers from accessing your credit report without your permission. As a result, you'll always know when an employer is looking at this information. If you know there is some negative information on your credit report, there are a few actions you can take to prevent this information from impacting your candidacy:
- Review your credit report -- Request a free copy of your credit report from one of the major credit bureaus. Check to see if there are any errors on the report, and dispute any inaccuracies right away. It can take a month or two for these errors to be removed from your credit report, so you may need to be prepared to explain that there were errors during your interview.
- Be honest -- Always speak openly and honestly with your potential employer regarding the negative information that they see on your credit report. While the credit report displays negative information, it doesn't provide the reason for the issue. This is your chance to explain the reasons for your poor credit score to your potential employer. This type of honest interaction can help the employer connect with you as a person.
- Meet in person -- Request an in-person meeting to explain any issues on your credit report. This gives you an opportunity to reassure the employer that you're the right person for the job, and it gives the employer a chance to ask you any questions they may have about the issues on your credit report.
- Provide a statement of hardships -- If you're not able to meet with the employer in person, include a statement of hardships with your application. This way you can explain the reasons behind your financial issues.
If you need assistance with a credit reporting issue in the Los Angeles area, Howard Silver can help. Mr. Silver has more than two and a half decades handling these cases, and he can protect your rights every step of the way.
Please contact the Law Office of Howard D. Silver using the form at the right side of the page or call (855) 341-2611 today to schedule a free credit reporting consultation. Mr. Silver serves clients in Los Angeles, Ventura, Riverside, and San Bernardino Counties and throughout California.