The short answer is yes, but let’s delve into this a little further. You will always have trouble finding a job in finance if you have an issue with your finances.
It’s important to note that this doesn’t mean you have had issues with finances in your career before. That won’t help either but you could have also dealt with financial issues in your personal life and that will still mean you won’t be able to work in finance.
Why? Well, working in finance is often based around risk. You can easily lose millions as a financial investor as shown by cnbc.com. You’ll be handling large amounts of money, usually for wealthy clients. Employees want to make sure that you aren’t in the position where you need to siphon money out of their business to pay for your own expenses. Essentially, they will do what they can to avoid hiring a liability.
It’s worth pointing out that issues with your finances won’t just roadblock important financial positions. They could even stop you getting a job working on a til. You would be amazed by how many people these days run credit checks before they make a hire. In many ways, it’s just smart business sense to do this.
So, rather than attempting to slip under the radar or hope that they don’t run a credit check, you should really be checking on ways to improve your financial situation.
Operation: Escape Debt
First, you need to make sure that you recover if you are in any debt already. The best way to do this is to use a debt relief program, as mentioned on debtreliefprogram.co. These programs can help you get your finances on track and ensure that they don’t drag you down any further. It’s important to take a step like this as once you clear your debt you can work on rebuilding your credit score which is the next step.
Building Your Credit
Building your credit score isn’t difficult but it does require you to borrow more money and this makes people rather nervous. The problem is that with a poor credit score, it’s difficult to get anyone to agree to lend you cash. Unless, it is a loan company specialising in bad credit loans that are often bad deals. As such, they won’t usually help your credit score. The answer here is to look at specialist borrowing options such as peer to peer lending. These groups are set up and carefully maintained by an organization, specifically for helping people with financial issues. As such, you can trust the loans not to drive you any further into debt.
Explain The Situation
Once you have reached the point where your finances are in the green feel free to start applying for financial positions. You can find them on indeed.com. Remember, a credit check will usually be run at the second stage of interviews. As such, you do have the opportunity to present your case and defend your situation. The best way to do this is by being able to show a full credit report and guarantee that you have the information to prove you are on the road to recovery.