Missing a utilities bill or credit card payment happens more than we’d like to admit. Letters requesting payment can be tossed in the recycling bin, caller ID can make it easy to avoid phone calls, but the debt does not disappear. After a few months it may be sent on, or sold, to a collections agency for payment, leaving a derogatory mark on a credit report that may stay there for seven years or longer.
Denying someone a job because of those negative marks is only placing a further financial burden on them. It is the wrong decision to make, and it’s only making it harder for those in need to help themselves.
Credit Karma members are now eligible to check their TransUnion credit report at any time through their Credit Karma account, and to update their report once a week. The feature will allow unprecedented free access to interested consumers.