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Although the question is vague and I'm not certain what is being asked, I'll try to answer. I interpret as "How does poor credit rating affect unemployed persons trying to land work (get employed)?"
These days employers are doing very thorough background checks which includes credit, motor vehicle records, as well as criminal records. If your lacking in any of these areas, the employers will hold this against the jobseeker. Since very few have an excellent credit rating, especially those who earn little or have lost their job at some point in their life, employers use this info to bargain your employment for less than what you should earn. Employers view you as irresponsible based on your inability to make loan payments on time, even if it was due to circumstances beyond your control.
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∙ 15y ago
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How will the US government's 700 billion dollar bailout affect the GDP and the unemployment rate?
It is unclear the affect the bailout will have on GDP and unemployment. GDP growth has the biggest impact on employment so how the economy responds to the bailout is the critical factor, If credit markets loosen up and credit begins to flow again it will have a very positive impact on GDP growth. In that instance the impact of the bailout will be a reduction in unemployment.
How do you make a sentence with impact?
Our regional measures have had a significant impact on unemployment.
Which term is used to describe the inability to find employment by workers who are able and willing to work?
unemployment
You only received unemployment for 2009 will you be eligible for earned income credit?
Unemployment benefits are not "earned income", so you should not be eligible for earned income credit.
Can you be denied unemployment benefits if you have bad credit?
In the UK, no.
Can credit card companies seize your unemployment check?
no
What impact do interest rates that are too high have on productivity and the unemployment?
productive decreases, unemployment rate increases
Does being on unemployment affect your credit rating?
No. It does not affect your credit history. However, when you apply for a loan, it is constituted as a form of income and a form of "unstable" income. So, if you are currently collecting unemployment, and are interested in applying for a mortgage, you might get declined. Not because of your credit, but because it's considered income.Another opinion:Yes it does. Periods of unemployment effect your credit score in a negative way. collecting unemployment clearly put you in the light of creditors as being in that "period on unemployment". See the Related Link below.
What are the negative impact of unemployment on economic development of Bangladesh?
Why is it only about a country? It is same everywhere. Unemployment is synonyms to negative( whatever it is) so whereever there is unemployment there is ..............
What impact do interest rates that are too high have on productivity and the unemployment rear?
productive decreases, unemployment rate increases
What is the impact of a high unemployment rate on the budget of a country?
it is awesomew
What impact did the crash have on the economy?
-Millions were in debt.-Unemployment had risen
