Many consumers realize that good credit is important because of how it affects their ability to obtain a house or car loan, however, many consumers don't realize of how good credit might impact their ability to earn more money or land a good paying job. Now more than ever, it is imperative to get your public financial history order. If your public financial history contains derogatory accounts, seek a professional help to clean these accounts before your next job interview or before applying for a promotion. Negative financial history not only affects loans and interest rates, but it can actually prevent you from a promotion or from getting your dream job.
Banks aren't the only ones who can easily look up your financial history score and get a copy of your report (another huge reason to always make sure your financial history is up to date and doesn't include any erroneous information). This means things that have happened recently, or even happened years ago like bad credit repair after bankruptcy, could come back to haunt you. Your current boss, or a prospective employer, could look this information up and it could affect you for the worst.
If you've had some rough times in the past, or just haven't paid much attention to your financial history at all, then see the help of a professional who is an expert in bad credit report repair. Many bosses and potential employers see your past financial history as a good way to actually gauge the responsibility of an employee, and whether or not that person would be a person who could handle the responsibilities of a management position.
On the other hand, if you look the mirror and decide "I'm going to rebuild my credit and get my house in order, employers treat potential employees with no derogatory accounts more favorably than potential employees with derogatory accounts and charge offs. better to have a type of score that is going to reflect very favorably upon you as a responsible individual, and gives you a much better shot at getting that dream job or promotion you been aching for.
Checking a potential employee's or promotee's financial history isn't a rare occurrence. This is actually a very common and widely accepted practice now, especially in the white collar world, or even in management of service sector jobs. If you're looking to move up in the work place and on to the big bucks, you had better have your financial house in order. Take advantage of what you know about financial history and take action to help your future.
The good news is that there are many professional and reputable services that can help you. Over a one third of Americans have a debt or other incorrect information on their report that is hurting their score.
Repairing your public financial image will give you an advantage over many other Americans with negative public financial history.
It is preferable for consumers to be able to repair and build new financial history at the same time. There are some companies that specialize in doing just that. Especially with the current financial crunch, your application will shine among the many applicants with poor public financial history.