The day you get your first credit card is the beginning of life-long journey of credit worthiness. Credit worthiness determines the possibility that you may default on a debt. The more “worthy” you are, the higher your credit score and the more credit you can get. Today, FICO assessments are turning into an essential factor considered by many business and building and maintain a high score can save you money in many ways.
Employment
Employers cannot directly access an applicant’s credit score, but they can access a credit report (no score) with the applicant’s permission. The percentage of employers that perform credit checks on applicants is relatively low, about 13%, but for positons that provide an employee any direct or indirect access to finances, the likelihood that a credit check is performed is higher. You may think that this would apply to just an Accountant position for example but many other positions deal with money. Cashiers usually handle money and some stores may choose to implement credit checks even on what may be considered an entry level position like this. Don’t let your credit score cost you a possible dream job.
Employment
Employers cannot directly access an applicant’s credit score, but they can access a credit report (no score) with the applicant’s permission. The percentage of employers that perform credit checks on applicants is relatively low, about 13%, but for positons that provide an employee any direct or indirect access to finances, the likelihood that a credit check is performed is higher. You may think that this would apply to just an Accountant position for example but many other positions deal with money. Cashiers usually handle money and some stores may choose to implement credit checks even on what may be considered an entry level position like this. Don’t let your credit score cost you a possible dream job.
