Bad Credit Can Keep You From Getting Your Next Great Job
Bad credit is bad news on many fronts. In some cases, it even denies otherwise perfectly qualified candidates from getting into a job they really love.
A great credit score can save you tons of cash when you’re borrowing money or refinancing debt. Almost everybody knows that. But did you know that a great credit score can also help you unlock money-earning opportunities? If you’re looking to level up your career, you may want to look at the subtle ways that a great credit score helps you earn more dough.
Moving With Bad Credit
A bad credit score makes it hard to move into a new place. People with bad credit often have to pay the first month’s rent, last month’s rent, and a larger-than-usual security deposit just to lock in an apartment. On the other hand, people with a great credit score may just pay the first month’s rent and a small security deposit. On top of that, people with poor credit often have to pay security deposits on their utilities. Bad credit can also make it nearly impossible to take out a personal loan or a credit limit extension to help pay for moving expenses.
When you’re in a bad credit situation and a great job offer comes from another city, you may not be able to move and settle there as quickly as someone with a great credit score. Don’t wait for that to happen to you.
Take action now to improve your credit today. It’s super easy for most people.
Start by checking your credit report at AnnualCreditReport.com (these are the same credit reports used by landlords, banks, and utility companies). If you see information that doesn’t seem accurate, call a company like Credit Saint for a free consultation. A Credit Saint representative can explain how they will get rid of the unfair, misleading, or inaccurate information on your credit report, and improve your overall credit health.
With Credit Saint, you can pre-empt the moving stress by cleaning up your credit so that you can focus on your job prospects.
Your Credit Score and Security Clearance
If you work in the government, military, finance, or law, a bad credit score can literally stop you at the door — or at least stunt your career. Many of these careers require you to achieve a certain level of security clearance, and a bad credit score can prevent you from doing that. Anyone angling for a promotion in one of these fields should take steps to clean up their credit because their promotion depends on it.
Qualify for Small-Business Loans
Have you figured out the next Pet Rock? Do you dream of coding the next Facebook or Airbnb? Starting a business often requires capital, and for lots of entrepreneurs, that means taking out a small-business loan. Unfortunately, in the early stages of a business, entrepreneurs have to guarantee the loans personally. This means that your personal credit score influences your ability to get a small-business loan.
If entrepreneurship is part of your future, then start working on your credit today. Paying your bills on time and keeping your credit-card debt to below 30 percent of your available credit limit will raise your score to acceptable levels over time.
But you might need to turbo-charge your credit repair if you’re itching to start your business today. If that’s you, Credit Saint can build you an individualized plan for your credit success so that you can qualify for a small-business loan sooner.
Start a Real-Estate Empire
Tons of people want to invest in real estate, but getting a mortgage requires a good credit score. Saving money for a down payment isn’t good enough to start your real-estate empire — you need to get your credit score in order. If negative information on your credit report is stopping you from investing in real estate, connect with Credit Saint today. They guarantee that they’ll help you remove negative information from your credit report within 90 days, or they’ll refund your money. Their customized work and experienced reps can help you clean up your credit so that you can start investing in real estate. With nothing to lose and a rental property to gain, it makes sense to start a free consultation with Credit Saint today.
Is Your Credit Score Holding You Back?
Great credit isn’t just about getting a lower interest rate on your car loan. It’s a necessity for building the career or business that you want. Don’t let bad credit hold you back from that. Start by taking proactive steps like paying all your bills on time; keeping credit-card usage below 30 percent of your available limit; and having at least four open lines of credit. If you need to repair your credit quickly, connect with Credit Saint for a free, no-strings-attached consultation.
This post is sponsored by Credit Saint. Credit Saint is a credit repair company that wants every person to enjoy the peace of mind and financial benefits of a great credit score. They have over a decade of experience helping people reclaim their credit report. All opinions are those of CentSai Inc.