Get The Job You Want, Even If You Have Bad Credit

Did you know that having bad credit can prevent you from getting the job you’ve always wanted? It’s true. So what do you do if you’re trying to land the job of your dreams, and you think you have bad credit?

First, it’s important for you to know what a good credit score is. Most credit scores fall between 300 and 850. A score of 720 or above suggests that you’ve been managing your credit in an acceptable way.

So why do employers check your credit? One common scenario is when two people have applied for the same position, and the company uses their credit reports to determine which one to choose.

As you can imagine, an employer would much rather have someone working with their company that doesn’t have the burden of financial stress affecting them every day.

Here are 5 simple steps you can take to boost your credit score and help you land your dream job.

Step 1. Get your credit score.

If you don’t know where you stand now, you can’t determine where you want to be financially. You’ll want to know your FICO score. This is available at MyFICO.com

Step 2. Get your credit report.

I suggest you use one of the free to use sites, like CreditKarma.com or AnnualCreditReport.com.

Step 3. Identify and fix any errors found.

Start with checking your personal information, like social security number, address and correct spelling of your name. To make sure this is your credit report, and not someone else’s.

Next look for any credit accounts that do not belong to you. Then check that your payment history is correct. If you find errors, start by contacting the credit reporting agencies for each item. They are responsible for correcting inaccurate or incomplete information in your report under the Fair Credit Reporting Act.

Step 4. Get up to date with any overdue accounts.

If you’re behind and think you need help getting current, contact the creditor to work out a payment plan. Creditors love it when you are talking to them and making an effort to get it right.

Step 5. The best way to improve your score is by understanding how your credit score is calculated.

This begins with making your credit payments on time, which
is the biggest factor, and accounts for 35% your credit score. The amount of debt you have is worth 30% of your credit score.

To reduce your debt, pay off the highest interest rate debt first, then roll the entire amount that was going to that debt to the next highest interest rate debt.

To find out how you can get the help you need to make a better credit score a reality in your life, you can get your
free copy of my “Super Duper Simple Book On Money”
right here… www.101Financial.com/book

And to find out where you stand now with your personal finances as a whole, get your personal financial analysis at: www.101Financial.com/financial-analysis/

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5 Ways to Recover From Financial Troubles
A Simple Way To Invest In The Stock Market
5 Steps To Building A Solid Credit Score

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