Credit Scores May Hurt Employment Prospects

by San Antonio Attorney

For a lot of university students, the necessity to use a credit card for purchases such as books or food is reasonable at the time. But if students are unaware, and misinformed on how credit cards work, it can prompt them to make decisions that may change their lives due to credit card debt. Aside from the debt, they may also find it difficult to buy a house or get a job because of a bad credit score.

Most credit card companies offer credit lines that really go beyond the financial capacities of students. According to reports, some freshman will accrue as much as $15,000 in credit card debt.

A credit score is calculated based on a consumer’s credit report. A credit report contains information about a consumer’s credit history, payment history, types of credit used, and amounts owed. The FICO is the prominent credit score, between 300 and 850.

In America, the credit history of every citizen is linked to their social security number. Hence, any time you are unemployed it may have a negative effect on your ability to get a credit card. Moreover, an applicant can be turned down by the employer if the bad credit history says anything unfavorable concerning their character. Their focus is not on the credit scores, but they are interested in accrued past due bills; it can make someone appear irresponsible.

The aim is for college students to be well-informed regarding how to maintain a healthy credit score, and the implications of having a credit card. In most states, companies have the ability to check a current or potential employee’s credit report, which shows information such as balances on your credit accounts and loans, missed payments and debt collections.

According to the Society for Human Resource Management, around 13% of employers take a look at the credit reports of all applicants.


– A Debt Relief Attorney can provide debt modification services and legal advice for credit. While your debt goes down, your credit score goes up.

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