It is getting harder for me to find employment since my credit is bad.
How do they expect to fix my credit if no one wants to hire me?
Hi Kathleen: Sorry to hear about that! I definitely recommend getting a free copy of your credit report and going over it with a fine tooth-comb. A lot of credit reports have mistakes that can drag down your score. If you report them and get them removed, it can boost your score by a lot. Get a free credit report here: https://www.consumer.ftc.gov/articles/0155-free-credit-reports
True employers sometimes do credit check when doing your background check and it can be frustrating. If you want to fix your credit, you can get a secured credit card that you will deposit money on the card and pay off small bills while growing you credit.
Here is a forum on how to increase your credit score in 6 months:
You have to pay off all debt before you can increase your credit score. You can start a plan to pay it off slowly but surely in 6 months - 1 year time.
You can also give a heads up to a possible employer like I did recently. Not if it will help me. Am supposedly hired. Boss says won't be a problem. Hope so. I am speaking with all my creditors to eventually pay them all back in a timely man. They all know I've unemployed for the last nine months with hardly any income coming in. Just now catching up with my rent.
In order to repair your credit, you may want to contact a debt service like "Greenpath". They will negotiate with all your creditors for a lower interest rate and directly pay them each month. This will not show up on your credit report. Note, they will require that you close all of these accounts.
I was in the same situation. I have a gambling problem, and it cost me dearly in addition to ruining my credit.
I have it under control now, and was able to rebuild my credit starting with credit counselling, a secured credit card, and a job--granted, it was low-wage, but it was something.
When interviewing, explain that you have credit issues, but that you're actively working with a financial counsellor.
No one has perfect credit, but by being up front about it from the start and showing that you're proactive about resolving it will usually go in your favour.
Lastly, take a lower-wage job if you need just to show you can manage money wisely.
Lexington Law (on the web) are a legal firm that may be able to help. They really helped me get many things off credit reports that still go on even after the 7-10-year limit on the listing is over. Yes, you have to pay, but they are well worth it. I wandered for years because my credit was in the bucket. Clearing your credit report is nearly impossible on your own and Credit unfortunately plays a large part in getting Job, Housing, Loans and any other type of credit. They are still working for me and I am in my second month. I am already getting Credit Card Offers for limited credit. If you are on a really strict budget and have limited budget. Even if you declare Bankruptcy you are penalized and this can affect your job, etc potential as well.
Credit is a dangerous thing for anyone to have, but without it you get no slack at all. Good Employers lose the opportunity of not hiring very good, skilled and creative individuals that bring a whole lot of good experience to the company by NOT hiring them due to Credit. Another form of Discrimination very hard to prove. Do not attempt to access your credit report alone. That can ruin your credit more, also do not try to apply for any credit until you have legal assistance. This can affect your credit as well, also the pay credit cards can be a penalty on you as well. I know. I tried every avenue to clear my credit even through credit counselling which will still take years.
According to Calvin coolidge "No man (or woman) ever listened themselves out of a job." New employees regardless of their credit must bring Curiosity and Creativity that are the life- blood of any company.
My suggestion is contact Lexington Law, tell them I referred you and see if they may be able to assist you at not only addressing your Credit issues, that are keeping you from even getting hired. Good Luck and keep me posted.
I know u r in big trouble.but do not put urself down telling this thing to everybody..talk with ur well wishers..no doubt they must be 1or 2only..u can start working on minimum wages. Like a grocery store...or just start working with small businesses like cloth shops..or do volunteer work where they can pay u too..may be it could be a small money..but try to use a good reference..then after at least 6months u will be able to move on..but u need to be honest n punctual..keep ur employer happy as he is doing a big favor for u..then move on to a bit better job..talk with ur creditors n start paying easy instalments..u must be able to do it..but in beginning u will work too hard. May be physical work..but just ignore it n think about ur future..it will work for u..when u r young u can work hard..so do not waste time..work it out..pay off ur debts n live a happy life..it just happens once..wish u all the very best...