Icon announcement
Career Boost | 04.20.22

Does a bad credit report reduce my chances of getting a job?

- By Mike Welch, SCLA Writer

You probably already know that bad credit can prevent you from qualifying for a loan or credit card, or at the very least raise the interest rate you’ll have to pay when you borrow money. But can a bad credit report affect your chances of getting a job? In some cases, the answer is yes, and a 2018 study from the National Association of Professional Background Screeners (NAPBS) found that 25% of HR professionals use credit or financial checks when hiring. This figure will vary depending on the industry, but the truth is that there are quite a few employers who are going to show some level of interest in your personal financial situation.



So how exactly can a bad credit report affect your chances of getting hired, and why?

Interested in more than just a preview?

Join SCLA to access this post and your full member benefits.

Already a member? Sign in to read the rest of this post!

Content

Interested in more than just a preview? Join SCLA to access your full member benefits.

GET STARTED WITH SCLA TODAY!

Only select “Apply to Join” if you have not received an invite code