Dr. Diane Hamilton's Blog
A Revolution in Hiring and Working with Eva Andres of Juniper Networks
Bad Credit Causing More Unemployment
Think about the person who is trying very hard to find that new job. They may have missed a few payments due to being out of work. This has caused their credit to be less than stellar. If they should find that perfect job, the future employer will run their credit. If the credit score comes back as low, their chances for getting the job are damaged. It is a vicious cycle.
Here’s how particular events could affect a person with a 780 credit score and someone with a 680 credit score:
Initial score 780 680 Maxed credit card 735-755 650-670 30-day delinquency 670-690 600-620 Settled a credit card for less than what’s owed 655-675 615-635 Foreclosure 620-640 575-595 Bankruptcy 540-560 530-550 Source: MyFICO.com
The Arizona Republic reported today that The Society of Human Resources Management showed: 60% of employers conducted credit checks on job applicants in 2010. Of this figure, 47% have done so only for candidates for select jobs and 13% have done so for all job candidates.
What can you do to avoid having your credit score drop? Jahna Berry stated the following in today’s Arizona Republic: “If you’re headed for financial problems, carefully consider how missed mortgage payments, overdue bills or a bankruptcy filing could affect your credit report and your future job prospects, several employment experts said. Seek out help and look for options that will protect your credit.”
Website Helps Teens Prepare For College
I am always interested in any technology that helps young adults prepare for college and beyond. Arizona has a new website that is aimed at helping high school grads pursue a college degree. Check out this article by Eugene Scott at the Arizona Republic:
A new online portal to help high-school students prepare for college is part of a public-private education initiative aimed at boosting the number of Arizonans with a college degree.
The High School Portal, which is found at AZTransfer.com, streamlines information from all public universities and community colleges into a central source.
The portal is touted as a key tool to help students transition into college. It outlines steps that teens must take to attend college, begin earning college credit and figure out what careers may be best suited for them.