One of the tools they use is a credit report. It reveals everything about your financial history including your current and previous employers and addresses, your bank accounts, charge cards, mortgages, and what else you owe. The following are just some of the red flags they don't want to see on your report.
- Foreclosures/bankruptcies. This may show that you can't manage long-term obligations, such as projects or work responsibilities, and cannot deal with problems except by going through last resorts. This is a particular problem if you're looking for a job in the real estate industry.
- Late payments. This indicates that you have a problem with time management, even though you eventually meet your obligations. It makes employers wonder if your work submissions will similarly be tardy.
- Too much financial activity. Your reports may show a surge of activity related to opening charge cards as credit card companies close your existing accounts. This shows that you have trouble with budgeting and managing money. You may like to live beyond your means and finance immediate rewards with future profits.
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