Finding a job can be a challenging process, especially when you don’t know how to present yourself in the best way. It’s important to know what recruiters are looking for before you start searching for a job.
While job recruiters will want to make sure that you have the necessary skills for the job, they will also run a background check on you. Part of this process may include an assessment of your credit record and financial standing.
Job seekers need to know their rights when companies start to scrutinise their credit reports and they should also be ready to deal with unflattering information.
Credit checks are typically used at the end of the hiring process.
Credit checks are also most likely to be checked if you’re seeking job in the financial field, such as accounting, banking, jobs that require handling of cash or if you’re applying for a senior executive role involving a lot of decision-making. Keep in mind that credit checks are most common for employers in financially sensitive industries.
If you have a poor credit record, you may experience some difficulty in getting a job. There are ways to however find a new job with a poor credit record.
How to find a new job with a poor credit record:
Know your rights
You should know where you stand in terms of your rights.
- Know your history
Check your credit record beforehand so you know your credit standing.
- Be upfront about any financial difficulties you may have faced
Be prepared to explain the situation to potential employers. It helps to be honest about what may have led to your poor credit record.
- Focus on your qualifications for the job
Emphasise why you are the right person for the job because of your qualifications and skills.
- Make sure that you pay off any outstanding debts
Develop a plan to address credit issues
- Get recommendations from previous employers