Unexpected hospital bills, burdensome credit card debt and other expenses can quickly pile up and damage credit scores. Having bad credit can lead to numerous consequences, affecting the ability to find jobs, rent apartments, take out mortgages and lease cars. Bad credit can hurt your ability to find employment, as most employers do background checks that pull credit reports. For job seekers looking to get into banking or other professions that require a high degree of ethics or confidentiality, poor credit reports can be especially disastrous. Poor credit scores can make it very difficult to rent apartments, as leasing offices require thorough financial background checks before tenants can move in. Leasing offices will shy away from potential tenants with too many negative marks on credit reports, believing they may skip out on rent. Mortgages can be much more difficult to obtain with poor credit scores. Potential homeowners with poor credit…
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