Could your credit score impact your ability to get a new job?

According to Mayra Rodriguez Valladares, managing principal at consulting firm MRV Associates, bad credit could definitely mean losing out on a job — especially in today’s financial landscape.

“Employers absolutely can use that as a reason not to hire people,” Valladares said. “Particularly in an economic environment like we are in now, employers have a lot of power and can be very picky about whom they want to hire. Supply outstrips demand for many job positions right now.”

Keep in mind: prospective employers can only access your credit report if you give them explicit consent. But denying that consent to check credit? It could be just as bad. In this case, Valladares said, employers may “wonder if you’re hiding something.”

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