Low credit scores can cost jobs young adults

A new report suggests that the average consumer's credit score and the acquisition of new credit card or for the first time has fallen over the years. Requirement lowered opens the door for adults approx. 6 million and fashion, young purchase credit cards, putting them at risk of a compilation of credit debt, as a new report suggests, increased granular of employer.

The average American society has lost an estimated $160,000 year employee fraud, according to a report by the Association of Certified Fraud Examiners (ACFE), leading many employers to take up the employee's financial history. in fact, 60 percent of employers to check credit histories of employees, reports CBS MoneyWatch.

The report suggests that it can put many young Americans, who is currently looking for work, only 17 percent of college students tend to pay the full balance of their credit cards every month.

Accountability of credit card, responsibility and law of discovery (card), came into effect on 21 February 2010 requires people under the age of 21 is the co-signer's when applying for a credit card, unless they prove that they have the resources to pay.

This legislation is designed to restrict credit for poor behavior with young consumers. as a result, many of these people do not have a credit card; research ACFE found 60 percent of the parents I co-sign a credit card.

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