ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » Good credit score is important more than ever in the job market

Good credit score is important more than ever in the job market

November 17, 2010 | Updated on November 17, 2010
Add to Favorites:
The content is accurate at the time of publication and is subject to change.

If you think that college education is enough for graduates to be absorbed in the job market, a new research found out that indeed, good credit score is now a factor heavily weighed for employment.

Unlike before where corporations do not mind whether you have a good credit score or not, they are now starting to require job applicants to present credit card reports upon submission of other necessary documents for their desired positions. This move hopefully reinforces the message to future graduates and job applicants to seriously reconsider paying their credit card bills and student loans while in college.

Corporations now decide to require credit reports from their applicants in response to how credit card companies have long catered to the college students market despite their financial instability.

Although there is difficulty in unlocking the real reasons why credit card companies persistently target college students even if the risk of credit non-payment in the sector is high, corporations offer their own interests in their credit report requirement. They look at it as an indication of a job applicant's sense of financial management and responsibility - something that institutions prioritizing low-risk and high-return investments look for.

Also, corporations look at credit card acquisition within the duration of one's college education as high-risk in itself. That is why it will be such a plus for the applicant if despite the financial instability in a high-risk condition, s/he still had the capacity for controlled spending to maintain good credit score for years as the credit report during college would show.

For this reasons, college students are advised not to be surprised anymore should they be required and expected by their future employers to have good credit scores. A good credit score is a measure of how well you pay on your credit cards and keep to maintain such for a considerable amount of time. How you decide on a realistic and manageable payment option is crucial in the aspect credit card management.

As the Credit bureau is apt keep records of how you pay, the credit card companies are tasked to submit your payment history. Corporations requiring credit card reports from their applicants will also check data with the credit bureau for accuracy and verification.

In the end, the companies do have the prerogative of either hiring or rejecting you on the basis of a credit score that they deem appropriate for their organization, depending on how they interpret your credit history using their own standards. Since this is now a practice among companies in the country, it will be best for college students with credit cards to start building on a good credit score for their future advantage.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!