Looking for a Job? Better Have Good Credit: Credit Guru Philip Tirone Offers Tips For Job Seekers

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Nationally recognized credit guru Philip Tirone says millions of Americans are between a rock and a hard place when it comes to applying for a job, because many routine pre-employment screening now include a credit check.

In our current economy, job seekers are absolutely affected by this practice

While some states are pondering limits on this practice, a 2006 study by the Society of Human Resource Management showed that 43 percent of companies conducting any type of pre-employment screening used credit checks for some or all employees.

"In our current economy, job seekers are absolutely affected by this practice," says Tirone, author of "7 Steps to a 720 Credit Score" and founder and president of 720CreditScore.com. "It's the perfect storm. With the U.S. unemployment rate hitting almost 10 percent, and with one in eight Americans behind on their mortgages--not to mention the millions of foreclosures and short sales, job seekers must be diligent about protecting their credit rating."

Tirone says the majority of his clients over the past 12 months are people who cannot pay their bills due to a job loss "and don't want this to affect their financial lives forever."

He offers advice to those with less than perfect credit who are also looking for work, "Always be up front with any potential employer about three things: What they will find on your credit report; what you are doing to fix it, and what you learned from the experience."

According to Tirone, "this shows the future employer that you are conscientious, and that you learn from your mistakes - which is precisely what employers what in an employee. Remember, employers understand that millions of Americans at all demographic levels are impacted by this economy; the key is how you handle it. In fact, chances are, the person who is conducting the interview has personally been impacted as well!"

Tirone says the myth that a late payment, a foreclosure or a short sale will limit your credit for 7 years is just that,an urban myth. "This was most likely started by the banks not wanting to take back homes," he adds. "There are many lenders who will work with borrowers with negative items on their credit reports, plus there are many steps individuals can take to improve their credit right away."

After a foreclosure or short sale, Tirone recommends that borrowers work to reestablish new credit immediately. "This is imperative," he said. "The key is establishing credit that will improve your score, not just establish credit for credit stake."

By following the right techniques, individuals who have had a difficult credit past, will not only present a better picture to prospective employers, but they wil also have dramatically improved their credit scores.

If you are a job seeker who is troubled by your credit report, Philip Tirone offers a free 90-minute tele-seminar. For information visit http://www.RaiseYourCreditScore.us.

About Philip Tirone:
Nationally recognized credit guru Phil Tirone offers a low-cost, self-help credit repair program at http://www.720CreditScore.com. He and his programs have been featured in the Los Angeles Times, Wall Street Journal, Woman's World Magazine, San Francisco Chronicle, Bottom Line Magazine, and the New York Times bestseller "Secrets of the Young & Successful." Recognized as a thought leader in the credit industry, Tirone speaks nationwide on the problems with our credit-scoring system and how it erroneously burdens America. He created the 7 Steps to a 720® Credit Score to expose the rules of the credit game and to create a way for countless Americans to increase their credit scores and save hundreds, sometimes thousands, of dollars in interest payments.


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Danielle Fairlee
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