DRUM - - Ed's Note -

IF YOU’RE look­ing for a job and have debt, this can limit your chances of land­ing your dream po­si­tion.

I re­cently ap­plied for a job in re­tail, and when they told me I was one of the best can­di­dates I was so ex­cited. My ex­cite­ment didn’t last long when I was told they would check my credit sta­tus. As a young un­em­ployed per­son drown­ing in debt, this means I could miss out on a lot of op­por­tu­ni­ties, like buy­ing a car, get­ting a home loan, etc, as is the case for many South Africans.

As we are near­ing the fes­tive sea­son, many will be tempted to buy things on credit to im­press friends and fam­i­lies – for­get­ting they’ll be left to pay their debt on their own. Be wise fel­low young South Africans – it’s nice to spend money that isn’t yours, but it’s even harder to have to pay it back. Hav­ing a bad credit record is like hav­ing a crim­i­nal record, and many em­ploy­ers are very cau­tious about who they hire.

Re­sist the temp­ta­tion to open that store ac­count, es­pe­cially if you aren’t work­ing. DI­NEO MALULEKA, EMAIL

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