A Career Chiller
January 25, 2010
Keeping a clean credit record may not be the only reason why consumers should not fall behind on paying bills.
With a high jobless rate projected for the Triad for most of this year, it also could make the difference in whether one lands or is rejected for a good job.
According to federal agencies and employment officials, more employers are reviewing the credit background of job applicants‘, along with doing criminal, drug and employment checks, as research technology becomes more available and less expensive.
Which means that having a dinged credit record may be as burdensome to overcome as an employment gap on a resume.
“The practice has become even more popular during the recession, as employers attempt to thin out the flood of applicants each job posting brings,” said John Challenger, the chief executive of Challenger, Gray & Christmas, a Chicago consulting company.
Other employment officials said that a suspect credit report could be the final factor in employers choosing between otherwise equally qualified candidates.
“Although it may keep them from obtaining a particular job, they may not necessarily know the reason for rejection,” said Archie Hicks, the manger of the N.C. Employment Security Commission’s office in Winston-Salem. “Employers are very circumspect about giving reasons for not hiring.”
There is some debate about exactly what employers are looking at with applicants’ credit backgrounds.
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