Hopefully, you read 10 Things Every Single Mother Should Know About Money Management Part I and 10 Things Every Single Mother Should Know About Money Mangement Part II; if not, read those first:-)
#7 Your Credit Score Is Important–And It’s Not
Almost every financial guru will tell you that your credit score is uber important–after all, there are so many consequences of having bad credit, including:
- BEING DENIED EMPLOYMENT BASED ON POOR CREDIT:
You might get denied employment based on dis-qualifiers on your credit report, which each employer determines individually. And, while Federal Law allows employers to check your credit during the employment process, these 10 states have outlawed employers from doing so.
Most states, however, allow employers to check your credit. In states that allow these types of credit checks, an employer MUST get your signed consent. BUT employers do not get all the information on your credit report. Your credit score, for instance, is not shown to employers but other disqualifying criteria might be.