Personal Finance News Saturday 6/15

Phil's Personal Finance Tip of the Day:

4 Little-Known Reasons to Keep Your Credit Score High

By Chloe Sorvino | Manilla.com 

You probably know that if your credit score is relatively low, it will make it harder for you to buy a car or get a mortgage. But these days, there are countless other aspects of your life that your three-digit credit score impacts. From job prospects to student loans, find out some more reasons why you’ll want to keep your credit score high.

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1. Applying for a job. Although the law varies by state, U.S. law permits employers to investigate your credit score before deciding whether they want to hire you. While they do need your written consent, you may want to think twice before refusing, which could keep you from getting the job anyway. Why do employers care about your credit history? It varies based on industry. For example, banks and accounting firms often look at credit history because positions in those fields could lead to the opportunity of fraud and embezzlement. They want to see how responsible you are and how good you are with your money. If you have a low score, that may signal that you have trouble being responsible with credit payments, and employers may dub you a risky hire for the company.

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To read the entire article from Chloe Sorvino | Manilla.com:
http://finance.yahoo.com/news/4-little-known-reasons-keep-124938067.html


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Hi my name is Philip J. Miano and I am the founder of PJM Personal Finance and Productivity Coaching specializing in Budgeting, Debt Reduction, Bank Reconciliations, Goal Setting, Time Management, and Organizational skills. Please visit my website: http://pjmcoaching.com.