Has Your Credit Report Cost You a Job?

March 17, 2013 | | Forbes |

The job market has been tough for older workers, but did you ever imagine that you wouldn’t land a job because of your credit report?

It’s possible.

As I wrote about in my Forbes blog, Bad Credit Can Cost You a Job, if you’re looking to change careers, find a new job, get promoted, or just hang onto the one you have, a messy credit report can trip you up.

Employer credit checks are preventing the nation’s hardest hit job seekers from entering the workforce, a new study shows.

One in four unemployed Americans have been required to go through a credit check when applying for a job, and one in ten have been denied jobs due to information in their credit report, according to a survey by think-tank Demos of about 1,000 low- and middle-income households with credit card debt.