Dream Job With Bad Credit? Bad Credit Merchant Account

If you’re applying for certain jobs, especially those related toupper management or the finance industry, you’ll need to have a good credit history. Otherwise, you risk losing the job of your dreams. The situation is the same also with payment processing. If you lack good credit scores, you’ll have to apply for a bad credit merchant account.

This article will tell you what employers pay attention to, what you should do, and how you can easily open a merchant account for your business.

Applying for Your Dream Job With Bad Credit

Many companies check job applicants’ credit history. This represents part of the background check. There’re also companies that check credit histories for employee promotions.Negative items on your credit report, especially high debt amounts, bankruptcy, or outstanding bills, are going to make employers reject you. The thing is that your bad credit is viewed as a sign of being irresponsible.

Apart from this, bad credit is going to make traditional banks and many payment processors stay away from you. So, it’s critical to turn to a reputable processor that will get you a bad credit merchant account without challenges. Importantly, an expert payment processor will offer you the lowest possible rates and the best terms for bad credit payment processing.

So, what to take into account when applying for a job with bad credit?

  1. If you have bad credit, or you have no idea about your credit score, check your score before applying for a job. By the way, you’d better check your credit score on a regular basis. You can do this by going online and getting free copies of your credit report from the three main credit bureaus ─ Equifax, Experian, and TransUnion. Then, find out if there’re errors on your report or not.

  2. If you’ve found mistakes on your credit report, report them so they could be fixed. Look at high credit utilization. This percentage is calculated taking into account the balance of your credit cards divided by your credit limit. Ideally, this should be 30% or lower.
  3. Avoid applying for many credit cards. Even if you don’t have many cards and a high credit utilization percentage, this will still damage your credit score. Besides, lots of credit inquiries mean you need money.
  4. Employers will look at your total debt. The latter can include all of your credit card balances, outstanding bill and loan balances, and more. They’ll also look for bankruptcy.

If you’ve decided to apply for your dream job and you have bad credit, be honest with the potential employer when he/she asks you about your credit situation. Be honest and show you’re committed to solving the problem.

Author Bio: Electronic payments expert, Blair Thomas, co-founded eMerchantBroker. His passions include producing music, and traveling to far off exotic places. eMerchantBroker is America’s No. 1bad credit merchant account company, serving both traditional and high-risk merchants.

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