Job Applicant Concerned About Credit History
After nearly a decade in banking and experience at three different institutions—two local and one foreign—I have reapplied to my former employer, one of the leading banks in the Philippines. I’ve successfully completed the pre-recruitment process and am now waiting for the final assessment and job offer package. However, I’m concerned about how my bad credit history, which has been settled except for one account that is currently under a payment arrangement and kept up to date, might affect their decision. Will my credit issues impact my chances of receiving a job offer?
RCadmin
It’s understandable to be concerned about how your credit history might affect your job application, especially in the banking sector. Many banks conduct background checks that include credit history, but the impact of a bad credit record can vary. Since you mentioned that your bad credit has been settled and you are currently managing a payment arrangement, this shows responsibility on your part.
Here are a few points to consider:
Transparency: If given the opportunity, be honest about your credit situation. Explain the steps you’ve taken to resolve your issues and your commitment to maintaining good financial habits moving forward.
Employer Policies: Different banks have different policies regarding credit histories. Since you’re applying to a bank where you have prior experience, they might be more understanding of your situation.
Skills and Experience: Highlight your decade of experience in banking and the skills you bring that can add value to the organization. Your experience might outweigh concerns about your credit history.
Focus on Progress: Emphasize your progress in managing your credit and any lessons learned from the experience. This can demonstrate your growth and resilience.
Fair Chance Policies: Some companies have fair chance policies that consider applicants’ qualifications over their past credit issues, especially if those issues have been addressed.
Ultimately, it’s hard to predict the exact outcome, but staying positive and proactive about your credit situation will serve you well during this process. Good luck!