While job hunters routinely take the time to fine-tune their resumes and craft eye-catching cover letters on applications, few make correcting their credit reports a priority.

In recent months, many employers have seen a sharp rise in the number of applications they receive. Anecdotal reports suggest that, at least for certain positions in some areas, there are more than eight candidates for every job opening. However, consumers may be able to separate themselves from other job applicants by demonstrating good credit histories.

Companies use credit reports during the interview process because they believe that a responsible payment history is indicative of a diligent, hard-working employee, The Providence Journal reports. By comparison, a history of unpaid bills can lead employers to think that an applicant may not be able to keep commitments.

In addition, companies tend to view an applicant with poor credit as someone likely to get distracted or be less productive, the news source says. However, many unemployed workers with good credit may still be at a disadvantage due to errors on their credit reports.

By reviewing their credit reports and correcting any inaccuracies they may find, job applicants can help ensure that they present employers with the strongest resume possible and increase their chances of landing a job.

Tags: Credit Report, Credit Score