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Can my credit score actually affect my getting hired for a job?

How does my credit score affect me in the professional world?
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Tony’s Answer

It depends on the company and the role that you’re applying for. If you want to apply for a Financial position, then the company might want to know how responsible you’re in managing your own credit which requires high FICO score. Some other jobs won’t be as important so company will opt out to pay to get your credit score. Hope it helps!
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Steve’s Answer

Yes, and know that as a part of your Background Check your FICO score may likely be checked, especially if you are hired for a role where you are working with substantial financial assets. A FICO score over 750 is good and 800+ is best, so pay those bills timely, do not have too much outstanding in total debt on your credit profile. Keep the number of credit cards to a minimum, and pay off those related balances in full prior to the due date each month. This goes also for all other retail, home, apartment, insurance and loans liabilities.


Happy job hunting.
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Brian’s Answer

It is very important to pay all of your bills in a timely manner and not take on too much credit card debt. The majority of employers pull a credit report on you nowdays when deciding if they want to hire you or not. If you are not paying your bills on time and just loading up on credit card debt it is a red flag that you are struggling and they are not going to want to take on that risk!

When I was young and starting off and establishing my credit history I opened a credit card and starting utilizing it slowly to get experience with paying a monthly payment on time. This along with renting an apartment gave me a good start in life in learning how to budget my money to ensure I could afford to make these payments on time. The next step is when you need a car is to ensure you don't buy too expensive of an auto. Start off slow and get a used car where the payment is cheaper so its something you can afford. On your next car loan you can hopefully afford something that you want and it will show progression in that you established credit the right way and with each challenge you took on you kept making your payments on time. Good luck!


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Kai’s Answer

Janelle - It depends on the job & the industry you are applying to. In the application process you will be notified that it's a requirement. It's always best practice to manage your credit score & keep it high as possible since it will affect many areas of your life, not just employment. Here's a free resource to help you:

https://www.experian.com/consumer-products/score-boost.html?bcd=ad_c_sem_427_379826966571&k_id=_k_CjwKCAjwnIr1BRAWEiwA6GpwNZjr4v0FYBvzGPY2G5LUqddEhY_jrL0U_HmTrhtqjyJp21p1CbygWRoCDbQQAvD_BwE_k_&k_kw=aud-500481877429:kwd-585063777506&k_mt=e&pc=sem_exp_google&cc=sem_exp_google_ad_1651407997_65972645920_379826966571_aud-500481877429:kwd-585063777506_e___k_CjwKCAjwnIr1BRAWEiwA6GpwNZjr4v0FYBvzGPY2G5LUqddEhY_jrL0U_HmTrhtqjyJp21p1CbygWRoCDbQQAvD_BwE_k_&ref=boostbrand&awsearchcpc=1&gclid=CjwKCAjwnIr1BRAWEiwA6GpwNZjr4v0FYBvzGPY2G5LUqddEhY_jrL0U_HmTrhtqjyJp21p1CbygWRoCDbQQAvD_BwE

Kai recommends the following next steps:

Check out Experian Boost to continue to raise your credit score.
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Roger’s Answer

Yes. Absolutely. Some companies will check your credit / credit score in determining your employment. Not only do prospective employers check your credit score, but so do car insurance companies, credit card companies, banks, landlords, etc. Having good to excellent credit can save you thousands of dollars each year. And achieving a good credit score of "750 or above" is easy... To achieve good to excellent credit, pay your bills on time and do not spend more than you make. And, if you have a credit card like "Visa," I recommend paying more than what your monthly bill asks for. For example, if your Visa Bill at the end of the month is $1250. Send Visa $2000. Send more than what you owe. And, send it in early... well before the bill due date.
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Steve’s Answer

Yes, and know that as a part of your Background Check your FICO score may likely be checked, especially if you are hired for a role where you are working with substantial financial assets. A FICO score over 750 is good and 800+ is best, so pay those bills timely, do not have too much outstanding in total debt on your credit profile. Keep the number of credit cards to a minimum, and pay off those related balances in full prior to the due date each month. This goes also for all other retail, home, apartment, insurance and loans liabilities.


Happy job hunting.
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Steven’s Answer

When applying for any job your credit score and credit worthiness is part of the process. Rule of thumb with credit cards don't spend more than you can pay back. If you cant pay off the balance at the end of the month pay over the minimum. Even one dollar over the minimum payment will show you are actively paying down the balance over the minimum payment. Having positive credit will position yourself for better opportunities for financing a home with a lower interest rate and more favorable terms for financing a vehicle. Go to annualcreditreport.com and you can obtain a free credit report to dispute any items with Equifax, Transunion, and Experian for any credit issues possibly over 7 years old or medical bills which were paid. Hope all this helps and good luck.
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