Most people usually think about their credit when they have to use it. Particularly when they are about to purchase a home. However, in today's climate, credit can be the difference between employment and unemployment. Particularly in certain fields.
Yesterday, Good Morning America commented that 200,000 banking jobs would be lost over the next year. I know for certain how this can affect those employees.
Case 1: My fellow BNI member is paying a debt she is disputing simply because as a VP she can't afford any derogatory items on her report.
Case 2: A caller on a radio show stated she was denied a job in her field (banking) after being laid off the previous month. She said it was because of her credit rating.
FYI: Most banks will not allow you to open a savings account if your credit rating is poor. Yes, I said savings.
So, I caution everyone to check their credit (free reports: www.annualcreditreport.com). Do it now before you need it. Even if you think you have good credit, identity theft is rampant and you could unknowingly be a victim.
If you have any questions, please e-mail me at TheCreditWoman@gmail.com.