Can They Do That? Your Credit Report Can Cost You a Job (cont.)
Contributed by Caryn e Zent
Clean up that mess! Fix that credit report
Work in accounting, banking, financial, tax-related industries? Your credit can actually endanger your job. Many banks require positive credit from employees. There have been some employees ordered to clean up their credit or lose their job, but they aren't given much time to do it. Unfortunately, there isn't much you can do to clean up your credit in a short time.
If information in your credit report will be used to your detriment, you have a legal right under federal law to expect the following: before action is taken, you should be provided with a copy of the report and an explanation of your Fair Credit Standards Act rights. After action is taken, you must be told you have a right to dispute a report's accuracy and given the name and contact information of the company the report came from.
The moral of the story
Know what is on your credit report. An employer who is concerned with a credit report will be looking at serious negative activity or a great deal of debt. Usually an employer is looking for a reason to hire you, not looking for a reason to reject you. And if you are disqualified because of a credit report, maybe the job would require to much scrutiny anyway.
