The Importance of Credit History

Employers considering you for a job or a promotion might check your credit history.

However, they must receive your permission before obtaining the report.

Why does an employer care about your credit history? Credit history can show whether a person

knows how to handle finances properly. For example, an investment firm looking for an assistant

may not want to hire someone who has filed for several personal bankruptcies. This might prove

embarrassing for the investment firm later. Insurers reviewing your current insurance

policy or thinking of offering you a new policy might check your credit history.

Why does an insurer care about your credit history? Some insurers state that those with