Things Single Parents Need to Knoww about Their Credit Report
Contributed by Lisa Marie
Things Single Parents Need to Knoww about Their Credit Report
Your credit report can say a lot about you. It can tell where you've lived, how many jobs that you've had, and most importantly, if you pay your bills on time.
Your credit report can help or hinder your ability to get your dream job!
Have you ever applied for a job in which you are asked to fill out a background and credit consent form? Most employment positions which require responsibility and/or the handling of cash usually do. The concern of the employer? Make sure that you're a respectable member of society and pay your bills on time for one. Making sure that you haven't job hopped is another.
If your credit is less than perfect, potential employers might consider you a risk. If your credit is bad, they might be concerned with the possibility that you may end up stealing from them to pay your bills. That's the honest truth.
Your credit report is checked out by potential insurance companies, too!
Need insurance? You need it for your car, your life, your health, not to mention your home. Again, if your credit is less than perfect, you are flagged by the insurance companies as a risk. Do they figure that since you have bad credit, you might consider burning your house down to pay off your debt? Maybe. All that I can be absolutely certain about is that fact that if an insurance company decides to insure you with bad credit, your rates are going to be much higher than those with good credit.
Want to send your kids to college? Start working on your credit now!
Even if your children haven't even started kindergarten yet, it is important to establish good credit now. Bad credit can, and will, haunt you for years to come. If you have one or two late payments in the course of a year, it's not as bad as you may think. There are other things which are worse on your credit report.
