Poor Credit Com
Posted by admin on January 18th, 2009 at 12:00am
Question:
How to reveal poor credit com after being offered a job?
The job interviews went really well and I got a job offer which I accepted. However, I have a poor credit com score because of a bankruptcy declared a couple years ago. What can I do when I am going to be asked to sign for credit check as well as a company credit card (amex who surely will refuse) on my very first day? Can the company reconsider the offer? What can I do now that I already quit from my previous employer?
Answers:
It was previously unlikely for companies to look at your credit report, but it’s getting to be more and more frequent. According to a piece in the LA Times entitled “Trapped: It’s hard to get a job if your credit is bad”, the number of employers running credit checks has went up by 55% in the past five years, and is now the same as 33% of total employers.
Credit checks are very common for places that imply handling money or valuables, such as for bank tellers or jewellery shop workers. In essence, a tech job would not seem so likely to need a credit check, but if they’re going to issue you a company credit card then they will probably check it anyway.
One possible thing to happen is that you tell them the reasons why you have poor credit com. Companies connect bad credit to lack of trustworthiness on the part of the future employee, but if you demonstrate to them that you have poor credit due to medical problems, divorce, or other unpredictable circumstances, they may not include it into account.
Looking at credit reports is not necessarily legal for employers in every state. You could check if is legal in your state, and if not you may deny them permission to do it.
Other than that, you just have to hold on and see. They might not run your credit report or may not think of it enough to withdraw the offer.