- By Mike Welch, SCLA Writer
You probably already know that bad credit can prevent you from qualifying for a loan or credit card, or at the very least raise the interest rate you’ll have to pay when you borrow money. But can a bad credit report affect your chances of getting a job? In some cases, the answer is yes, and a 2018 study from the National Association of Professional Background Screeners (NAPBS) found that 25% of HR professionals use credit or financial checks when hiring. This figure will vary depending on the industry, but the truth is that there are quite a few employers who are going to show some level of interest in your personal financial situation.
So how exactly can a bad credit report affect your chances of getting hired, and why?
