Credit Checks: The Difference Between Hired and Fired

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Posted March 28, 2012 by Marcy Twete in Life After Five

There are numerous traditional reasons a company might check an individual’s credit. You might be trying to buy a car or a house or open a new credit card. But recently, it’s become much more common to check an individual’s credit at another important turn in life – a job interview. More and more in today’s job searches, employers are conducting extensive background checks of potential employees, many of which include full credit reports. Increasingly, your credit is becoming public  knowledge, not private. Can you imagine working your entire career to rise the ranks in the corporate world only to be denied your dream job because you forgot to pay your GAP bill? It could happen to you.

For this, and so many other reasons, keeping a close eye on your credit report is imperative. And if you do have issues, being able to explain them easily to potential employers is key to the process. When I went through a divorce in 2008, my ex-husband and I were unfortunately unable to refinance our home in his name alone. Therefore, four years later, my credit report still shows that I own a home in Minnesota. I don’t. My name is no longer on the deed and my financially responsible ex-husband has never had a late payment. But I’m aware that this blip on my credit report could bring up questions – does she really live in Illinois? Does she make irresponsible financial decisions? It was in my best interests to explain it prior to any company running a credit check.

It’s a best practice to run a free credit report at least twice a year. I run mine three times a year with each of the major credit reporting agencies, Equifax, TransUnion, and Experian. Use AnnualCreditReport.com and you’ll find the easiest free ways to pull your report.


About the Author

Marcy Twete

Marcy Twete is the author of "You Know Everybody! A Career Girl’s Guide to Building a Network That Works" and a career expert who believes in order to be empowered in your career, you must be surrounded with resources and a network that both supports and challenges you. Marcy began her own networking journey as a professional fundraiser in the nonprofit industry, honed those skills as a fundraising consultant, and in 2012 networked her way to nearly 1 million readers as the CEO of the professional development website Career Girl Network.

One Comment


  1.  
    Shawna Faith

    Super important to be on top of your credit…as in addition to potential employers, landlords are checking…insurance companies are checking…so lots of things are impacted by your credit score….
    using http://www.annualcreditreport.com you are able to pull a copy of your report from each of the 3 bureaus once a year….if you want the FICO score you will have to pay for it.





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