Is Your Job in Jeopardy Because of Credit Checks?

Is Your Job in Jeopardy Because of Credit Checks?

Many companies today, from small to large multinationals, perform credit checks as part of their background check process in order to determine the eligibility of potential candidates. It’s no secret that some companies even tend to ask their employees to provide their credit reports in order to determine whether or not they are suitable for a promotion.

Credit checks can positively or adversely impact your chances of getting hired for an open position. They allow the employer to better understand your money spending habits. So if you have bad credit in your report, and are currently employed, this article will help you understand whether or not your job is in jeopardy.

Credit Report

Remember that your credit report can only be seen by your employer or potential employer when you grant them permission. If you are currently employed, your employer may ask for your credit report for various reasons. If you want to get your free credit report, you can visit Experian or any other major credit reference agency’s website.

Your credit report may impact your job status when:

  • You are applying for a new job
  • You are in line for promotion
  • Your employer is conducting routine credit checks of existing employees.

Your credit report with entail details of any credit accounts, loans, mortgage, delinquencies, liens, judgments, and bankruptcies of the last six years. It also includes record of your repayments which affect your credit score. So if you purchased clothing worth £1,000 using your credit card, it will appear on the credit report for your employer to see.

Impact on Job Status

How your credit report impacts your current job status will depend on several factors. For instance, if you want to take out a loan from your employer, then a credit check will enable them to better understand your ability to repay the loan.

This is important because some individuals may have good monthly income but may be in debt and have high monthly expenses. As a result, they may find it difficult to keep up with their existing debts and expenses.

Consider a different situation. You are being considered for a managerial role in the finance department. Now when the employer conducts the credit check, they will look for a positive credit score and good track record of repayments on debts (if any).

Now if you have a poor track record of managing your personal finances, then your employer may not consider you for promotion. So basically, the credit check has limited your growth potential. Also, it goes without saying that having a bad credit score and a career in finance will make it difficult for you to find employment, let alone seek growth opportunities.

In Conclusion

Credit checks are generally conducted by large employers, as smaller companies do not have such strict requirements for candidacy. Regardless of where you work, if your credit score is improving as you gain financial stability; it will positively impact your employment.…

Things You Need to Have to Get a Hire Purchase Approved

Things You Need to Have to Get a Hire Purchase Approved

After exploring the market and shopping around with different dealers, you have finally decided to finance your car through Hire Purchase car financing option. It’s the best deal that you can secure and you feel all too excited about embarking on a new journey on wheels.

But, you are a little nervous.

“What if my application for HP gets disapproved?” you wonder.

Don’t worry for we are here to help you guide through all the pre-requisites that you need to make your application get the needed approval.

Check Your Credit File

The first thing that you need to look at before submitting the application for a HP scheme is your credit file.

Bad Credit

Look at your bank account details, previous credit transactions, status of different debt accounts and all your line of credits. This will help you in forming an opinion about your credit score. If you have a bad credit, try to resolve it if possible before applying for a HP scheme. If you think it cannot be repaired, include a notice of correction along with that particular line of debt.

You can also boost your chances of getting the application approved if you have bad credit by applying for a joint car financing deal.

Other Specifics

It’s not only your current and previous credit status that can affect your credit score; it’s also other specifics like your residential address that can have an impact on your credit score. Credit reference agencies sometimes are prone to errors like listing you at an address that does exist. So it is always advisable to thoroughly check all other specifics on your credit file along with financial data to avoid any mishap.

Check Your Finances

Next thing you need to look at is the finances that you would need, first of all to pay an initial deposit which is usually 10 percent of the total car value and then the monthly installments that follow it. Since the monthly payments are fixed, you can work out your entire budget that you would be allocating for your car finance and see if you have the means to cover for it.

Organize the Documents

Once you have made assurances that your credit status and finances won’t hinder in the approval of your HP application, you now need to look at the documents that you have to provide along with your application. In this section, we will only look at those documents that can make or break your application process.

Proof of Residence

In UK, in order to get a HP deal you have to provide proof of your UK residence of last 3 years. Failing to do so would definitely impair your chances of getting a HP car finance deal. But if you can provide a genuine reason for that, your application may get the necessary consideration. For instance you may have only moved in recently, so you can provide a reference of a guarantor that complies with the above law.

UK Driving License

Although driving license is not deemed compulsory while submitting an application, not having one can increase the chances of disapproval.

Miscellaneous and the Sundries

Apart from that you will have to provide with your bank statements, personal details and proof of income.

Getting your hire purchase approved is nothing to stress about. It can be achieved easily as long as you remain honest in your dealings and account for what you are applying for.…

Types of broadband connections in the UK

Types of broadband connections in the UK

Broadband is used as a generic term for different kinds of internet connections and services that are available in the UK. It enables you to gain access to the email, online shopping and services, data and information, and streaming TV at high speed. In the UK, broadband was introduced in the early 2000’s. It was offered through BT phone lines, which allowed users to use the service without having to connect or disconnect whenever they wanted to use it. Moreover, it was independent of the telephone service, enabling people to make phone calls and use the internet simultaneously.

Different Types of Broadband Available in the UK

Over the years, broadband has developed significantly in several ways, resulting in the emergence of its different forms, each having subtle unique features that differs them from each other. In the UK, there are several types of broadband connections available, and the location of your home or office is a major decisive factor regarding which type will be suitable for you. The choice of the type of broadband is also influenced by the speed and reliability of the connection that you want. The following are the most common types of broadband available in the UK:


This type of broadband connection transmits data using fibre-optic cables and requires a special modem that is connected to a telephone line or a TV receiver. The largest cable broadband service provider in the UK is Virgin Media, while other service providers include Plusnet, TalkTalk, Sky, and BT. Cable connection provides you with a maximum speed of 120Mbps, and is the most reliable and fastest connection available in the UK. Its speed is affected by the type of fibre connection you have, but unlike ADSL connections, distance doesn’t have any effect on its speed. Moreover, it doesn’t require you to have a working phone line.


Asymmetric Digital Subscriber Line (ADSL) uses a standard BT phone line to transmit data and is the original type of broadband. About 80 percent of people connect to the internet in the UK using ADSL or ADSL2+ connection, mainly because it is widely available and quite easy to set-up. This type of broadband connection requires users to have a working telephone service, along with a modem. It works by dividing your phone line into two separate channels, one for telephone and the other for the internet data transfer, allowing you to use both the services at the same time.
The maximum speed that you can get is 24Mbps, that too with ADSL2+ connection. The speed you get is affected by several factors such as the distance of your home or office from the telephone exchange, the time of the day, the contention ratio of the telephone line, and the quality of telephone cabling. These connections are quite cheap and easy to set-up, which is the reason why they are preferred by most internet users in the UK.


Mobile broadband is another popular form that uses the resources of the mobile network to connect users to the internet. Although this isn’t the fastest and cheapest form of broadband, most people still prefer it because it provides convenience of using the internet on their handheld devices. It allows people to access email, web, and shop online wherever there are mobile phone signals available. In some cases, it is the only form of broadband that is available in remote areas. In terms of speed and functionality, mobile broadband is divided into two types:

  • 3G – Due to the increasingly popularity and usage of handheld devices and their applications requiring internet connection, 3G was introduced. It allows users to access the internet through their mobile phones wherever there are mobile phone signals available. Mobile phone networks such as O2, Vodafone, and Three provide mobile broadband through a MiFi unit, a mobile broadband dongle, or a tethered mobile device. You can expect to get a maximum speed of 21Mbps. The speed is affected by several factors such as the time of day, the type of Mifi/dongle/mobile phone you use, availability of mobile signals, and your location.
  • 4G – It is quite similar to 3G, but is better in various aspects. It uses latest broadband technology and allows you to use the internet at a much faster speed.

Fibre Optic

In fibre optic broadband, the data is transmitted using light through fibre optic cables. The internet speed is exceptionally fast and is not affected by distance or any other factors. However, most fibre optic broadband service providers don’t come all the way to your location and set-up the connection only a few hundred yards over coaxial cable or conventional BT phone lines. They use Fibre To The Cabinet (FTTC) broadband and connect it to the nearest BT street cabinet, establishing the connection using your normal phone line. Some major broadband companies, like Virgin Media, use a similar method and establish the connection using coaxial cables. The service provider may use Fibre To The Property (FTTP) broadband, but this method is not very popular.


This type of broadband is the only one that you may be able to use anywhere in the UK. It connects users to the internet through geostationary satellites and requires a satellite dish to direct the signals. However, the only drawback of this broadband is that it is very expensive as compared to other forms in terms of setup and running costs.

Local Loop Unbundling (LLU)

The working principle of LLU is quite similar to ADSL, but the broadband service provider uses their own equipment at the telephone exchange instead of rented ones from BT to offer services. In the past, this form of broadband was considered to be better than ADSL as it provided higher speed and cost less, but over time, BT improved ADSL and offered the same level of services as LLU providers.
All of the above mentioned types of broadband are available in the UK, and depending on your needs and your location, you can use them in combination as well.…

5 Advantages of Internet Marketing in This Digital Era

5 Advantages of Internet Marketing in This Digital Era

Internet marketing is crucial in today’s times since it positively influences the buying decisions of customers. As per the recent studies, an increasing number of buyers use their mobile devices to carry out researches on the products before making any purchases. They do price researches and product researches by using the online portal and even access the website of the company. The way you market the products will have great influence on the number of purchases made. You can build relations with the customers or your prospects through the low cost personalized communication system which is much different from the mass media. Businesses do enjoy a lot of benefits with the digital marketing platform. Let us check them out.

Online Marketing

1. Online marketing permits you to be an open business all 24 hours as there is no particular store timing or any worries regarding overtime payment to the staff members. When it comes to the customers, it is convenient for them to make online purchase. You can offer the products online to customers with the website. Your customers can browse through your website and place orders whenever they feel like. Irrespective of the time, they can have a look at your products and place orders.


When you market the products online, there is not much marketing costs involved. Businesses that use retail outlets for product marketing have to bear huge expenses. There is no recurring cost of store rental or maintenance. There is no need to buy stock for being displayed in the store. Your inventory cost will be lower with the online portal. 4. This form of digital marketing gives you the option of product personalization where you can personalize the offer for certain customers. You can create the profile of their preferred products.

Store Maintenance Cost

By displaying your products online, you can bridge the distance gap. It gets easier to bridge the barriers of geographical distance. There is no need to set up a local outlet but you can still reach out to the customers of overseas destinations. Your target market gets widened with the website. Sell goods at any part of the world without any worries about store maintenance cost.So, you can track what products are selling the most and thus make targeted offers to boost your sales.

Product Modification

So, without even the network of distributors, you may open an export business. In order to sell to international destinations, you may use the localization service to make sure that the products are suitable for customers and complies with the business regulations. Localization services encompass product modification and translation to showcase the local market difference. The advantage of tracking the website visit does all trick.…