Credit Tips If You're Unemployed

Week of May 07, 2012

Recent studies show that over 60% of employers screen applicants' credit before finalizing employment. There are several legitimate reasons for this: employees in financial difficulty may be more likely to embezzle, may be more stressed and less productive at work, and poor credit management may reveal personality traits that would make you an irresponsible employee. If you're looking for a new job, this can put you in a Catch-22, particularly if you're unemployed. You need good credit to get a job, but you may be struggling with limited income. For a few tips to manage this situation, see this Military.com article.