Why Do Employers Check Credit Card Score

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Why Do Employers Check Credit Card Score
Right after completing the graduation, you will begin looking for a job. Filling out an application and preparing for the interview are the very first things you will do. According to Megan Venzin, the information of your credit card and how you pay debt will determine whether you are eligible for the job or not (Venzin 1). These days, almost all employers check the credit card score of potential candidates to have an idea of their legitimacy and reliability. It means if you have been paying your bills in a timely manner, your chances of getting hired will automatically increase as this will impact your credit card score. A lot of scams are being done these days, especially when a person applies for a job through the internet. Monster.com, Indeed.com, CareerBuilder.com, and Glassdoor.com are some of the most popular websites people use to find suitable jobs for themselves. While filling online forms, they may enter wrong information about their qualifications and experience. In such circumstances, it becomes difficult for employers to make the right decision and to choose the correct candidate for a particular position. Most recently, the trend of checking credit card score, driving record and FICO score has been introduced given that these help employers or HR manager find the most eligible employees.
Know Where Your Credit Stands
If you have used an online website to apply for a job and have been called for an interview, then this is time for you to check the credit card score. Even when you had submitted the application form in person and did not fill in wrong details, you should be checking the details once in a week and track any changes. If your credit card score is not up to the mark, the chance is that the employer will never consider you for a position. According to Kathryn Hume, the credit history of a person can flag potential issues an HR manager or employer would want to avoid (Hume 11). It means if you had not been paying your bills in a timely manner, the chance is that the company representative will not contact you and your application will be rejected right after the interview. A lot of late payments could indicate that you are not a responsible and organized person and do not believe in living up to the agreement.
Credit Card Score is Checked for All Types of Jobs
If you have been lucky to find a job of desire, the employer can make a difference in your life. Based on your qualifications and experience, they should offer you a good pay package along with other benefits. But before you dream of that, make sure your credit card score and FICO score are updated. Any evidence of mishandling in the finance could indicate that you are not a good person to proceed with. Almost all companies and brands, whether they are startups or established ones, check for the credit card score, driving license and FICO score in order to differentiate between good and wise candidates and unwise and non-responsible persons.
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