Credit Report Errors Can Cost You More Than Money

April 22nd, 2015 by admin

According to a survey completed by a company called Demos, which investigated 1,000 low and middle income job seekers, one in four have been subject to a credit check during their job application process. Taking that further, one in ten of those hopefuls, were denied a job based on the findings in their credit reports. These statistics proves why it is so important that you are sure that your credit reports are accurate, as any credit report error can have devastating effects.

Bad credit is just one variable that a future employer uses to determine whether or not you would be a good fit for the job or if you could be reliable in a financial specific position. Although this is not the only aspect they look at when making the decision, it could be the determining factor on whether or not you get the job over the next candidate.

Do I have errors on my credit report?

So how do you know if you have an error on any of your credit reports? Did you know that you are entitled to a free yearly view of your credit reports from TransUnion, Experian, and Equifax? Visit www.annualcreditreport.com to pull your reports for the main 3 bureaus annually. It is extremely easy to pull and understand what is displayed on your reports. Go through each of these to make sure all the information is accurate.

You should especially pull this information before applying for jobs. This way, you can clear up any potential errors listed before your future employer pulls your credit for review.

If you happen to see any mistakes in your credit history, contact our team to handle any more serious or complicated issues. We have an experienced team that can help you clean up your credit and set things straight.


Share your experience or comments

Francis & Mailman, P.C. is not responsible for the creation or development of the below comments and does not endorse the views or opinions expressed therein.