How Bad Credit Can Affect Job Prospects

We all know that our personal credit history affects our ability to secure a home loan or open an account at a department store. But most Americans are unaware that bad credit could cost them a job. Employers can refuse to hire applicants because of their credit history.

Many employers use credit history as a tool in their pre-employment screening as just one measure of judgment and character. If you can't manage your financial obligations, they wonder if it's a sign of irresponsibility. If your monthly debt payment is higher than your salary, some employers worry that it may distract from your performance.