Bad Credit Can Extend Unemployment | Legal News | News Ticker
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- Bad Credit Can Extend Unemployment | Legal News | News Ticker
The economy in Arizona and in the United States overall is in its worst state in decades, and one of the fundamental reasons that so many people are suffering is because the jobs market continues to be mired in a downfall that’s truly historic in terms of its reach and the harm that it’s inflicting on residents. Unfortunately, with so many people out of work, personal credit ratings of those who find themselves without employment are suffering given their inability to simply meet their monthly obligations without sufficient income.
The problem that exists for many in this position could actually swirl into a circular down spiral, however, as more and more prospective employers are performing credit checks on potential workers. For those who have been out of work for some time and whose credit ratings have suffered, this could lead to losing out on a job that they would otherwise be qualified for and that would help them get back on their financial feet. This growing problem is leading many to question how or if there is a way out from their current situation.
Arizona Unemployment and General Financial Statistics
The current unemployment rate in Arizona sits at 9.7 percent, and statistics show that approximately 150,000 Arizona residents have been without gainful employment for six months or longer. As a result, it’s expected that more and more people will fall into this potential conundrum, as 60 percent of employers now perform credit checks on potential hires as compared to only 14 percent who did so in 1996, according to a study done by the Society of Human Resources Management.
Arizona Bankruptcy Lawyers
Those who find themselves in this situation need to take proactive steps to put an end to their falling credit score. This could include any of several options, but it all starts with taking that first step towards mapping out a solution so that the next potential job won’t be lost because of this concern. If you find yourself in financial trouble, seek the help of Arizona bankruptcy lawyers who understand how to find a solution for nearly every situation, whether this involves filing for bankruptcy protection or not.
The Phillips Law Group recommends the experienced bankruptcy attorneys atMontano Arentz & Associates, PLLC for all of your bankruptcy needs. Call today to schedule a free initial consultation!
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I would have no hesitation at all recommending Phillips Law Group. In particular, Juan Roque has impressed me with his professionalism, his integrity and his heart for the community!
Liz was great
Phillips is the best!! Love all that they do to give back to the community and how much they help those who are experiencing homelessness. ❤️
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Great company and awesome service. Thanks Caroline fabos. Kudos to all.
I’ve been working at Phillips Law Group for nearly four years and I can confidently say this is the best personal injury firm in Arizona to work for. The firm is the best for numerous reasons but to start, Phillips Law Group gives employees opportunities for promotions and growth. I started working within the settlement department, moved to a paralegal assistant and grew to be a pre-litigation paralegal with my own case load. Each attorney I have worked for is extremely knowledgeable, friendly, and easy to talk to. Secondly, I love how Phillips Law shows appreciation for employees. They host Friday Zoom Huddles giving out PTO, goodie bags, special shout outs, bonuses and gift cards. They also host extravagant holiday parties and fun contests during the Holidays! Lastly, the firm cares about giving back to the community, which is a trait I value as well. It’s rewarding to see a fast paced firm taking time out of their busy day to pay it forward. I would highly recommend working at Phillips Law Group!
Phillips law group is the best around!
Jon Jamieson was amazing to work with . He came through with all of his promises.
They knew exactly how to explain the case to me in a way that I would understand it. They gave me hope that my life wasn’t over.
Although my accident was fortunately not a major one, The Phillips Law Group AZ treated it as such. Their staff, specifically Mr Juan Roque was very professional, courteous and most importantly very informative. Mr Roque's attentive service was phenomenal and I highly recommend this firm!