Looking for a job but not getting any? Maybe your credit score isn’t good enough.
Many employers, these days, are checking the applicant’s credit score to filter the pool, and shortlist the selected few. So if you miss payments on your mortgage, car loan, or electricity bill, you could just lose an opportunity of getting a job.
A recent survey conducted by Society of Human Resource Management says 60% of employers have started checking applicant’s credit score before inviting them for an interview. In 2003, the percent was only 35% and a mere 13% in 1996. Continue reading
Every US citizen is eligible to avail a free credit report online once a year. Not many people are however, aware of this facility. You can avail this report by online or by calling them up. In either case, you have to provide some personal information like your full name, address, credit card number and other minor details. Continue reading
Credit is now a necessity for all of us to survive in this world. Not even countries can thrive without credit. At every stage of life, we, as individuals, need credit to meet our wants. Everyone wants it, but few get it.
So who determines how much amount must be sanctioned to each individual? On what basis is it approved? Only one factor determines your access to credit and that’s your credit score range. If you fall into a good range, you get good credit. If your credit score range is low, it becomes quite intricate to avail a loan. Continue reading
Most of us are striving to be in a better financial position, especially during a time like these. There are numerous processes to climb the financial track and reach the top. It all, however, starts with a common thing – know where we stand now.
We all know a good way to know your current financial status is examining your credit report. However, not many know it can be availed freely one the web once a year. You can get a free credit report online to check your financial condition. Continue reading
For those you aren’t aware of the importance of a credit score, let me tell you this, it is a vital component of the lives of people in the US. If you have a bad credit score, you don’t get a loan, job, mortgage, etc. And living without a loan is something that we, the population of America, have forgotten for many ages.
Consequently, it’s important to have and maintain a good credit score range to lead a happy life. Here are few do’s and don’ts to improve your score: Continue reading
A couple of weeks ago, I helped my neighbor to obtain a copy of his credit score and credit report. I realized he didn’t know the difference between the two. Since that day, I asked numerous individuals about it, most of them unknown about the difference.
Here is the basic difference between Credit Score and Credit Report: Continue reading
If you don’t owe any debt, always pay bills on time and never use your credit card. It doesn’t mean your credit score would be in good. There are many other minor things that have the potential to affect the score radically.
You don’t believe me? Get a movie CD on rent and don’t return it for a few days. And don’t blame me if you are declared as untrustworthy to receive a rented room just because of this incident. Continue reading