Credit Score Consultant

A bad credit score won’t just hurt your ability to get new shoes at the mall. It can hurt you in other ways as well, that have real impact on your life. Young people especially need to be aware of how a bad credit score can wreak havoc on their personal and career well-being into the future.

Bad Credit can hurt Employment Opportunities – According to the U.S. Equal Employment Opportunity Commission, 30 to 40 percent of employers use credit score as an employment selection device. In other words, bad credit could be a stopping point from landing that new job, especially in a recession, where employers are especially careful to hire responsible workers.

Buying a home is difficult for people with Bad Credit – Many young people don’t realize the importance of good credit to get the proper loans to buy a home. According to Consumers Union, the non-profit publisher of Consumer Reports: “A borrower with a credit score of 660 or greater is considered to be of less risk.” If you are considered high risk, getting something like a home loan may be next to impossible.