By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Next Gen Econ
  • Home
  • News
  • Personal Finance
    • Credit Cards
    • Loans
    • Banking
    • Retirement
    • Taxes
  • Debt
  • Homes
  • Business
  • More
    • Investing
    • Newsletter
Reading: 10 popular jobs with credit building challenges ~ Credit Sesame
Share
Subscribe To Alerts
Next Gen Econ Next Gen Econ
Font ResizerAa
  • Personal Finance
  • Credit Cards
  • Loans
  • Investing
  • Business
  • Debt
  • Homes
Search
  • Home
  • News
  • Personal Finance
    • Credit Cards
    • Loans
    • Banking
    • Retirement
    • Taxes
  • Debt
  • Homes
  • Business
  • More
    • Investing
    • Newsletter
Follow US
Copyright © 2014-2023 Ruby Theme Ltd. All Rights Reserved.
Next Gen Econ > News > 10 popular jobs with credit building challenges ~ Credit Sesame
News

10 popular jobs with credit building challenges ~ Credit Sesame

NGEC By NGEC Last updated: January 30, 2025 6 Min Read
SHARE

Credit Sesame explains how certain jobs come with credit building challenges and the steps you can take to help overcome them.

1. Freelancers and gig workers

Being your own boss sounds great, but inconsistent income, fluctuating earnings, and a lack of traditional pay stubs can make lenders wary. According to the Consumer Financial Protection Bureau, understanding how credit works is crucial for freelancers to build a strong financial foundation.

What to do: Keep meticulous financial records, pay yourself a stable salary, and use a business credit card to separate expenses. Building a good relationship with a trusted accountant can also help ensure that your financial documents are in order when needed for credit applications.

2. Commission-based salespeople

Real estate agents, car salespeople, and other commission-based workers experience income swings that may make creditworthiness harder to prove. Experian explains how commission-based workers can proactively manage their credit despite fluctuating earnings.

What to do: Build an emergency fund to smooth out income dips and show lenders consistent deposits in your bank account. Consider negotiating higher base commissions or exploring additional revenue streams to stabilize your income.

3. Seasonal workers

From holiday retail to summer lifeguards, seasonal employment creates long gaps in pay, which may make lenders hesitant. TransUnion provides insights on how seasonal and self-employed workers can strengthen their credit profiles.

What to do: Show a history of steady seasonal work, and supplement with a part-time gig that provides year-round income. Maintaining a positive relationship with employers can sometimes lead to opportunities for off-season work or early rehire for the following season.

4. Self-employed professionals

Entrepreneurs, consultants, and independent contractors often lack traditional paychecks and may not have employer-backed financial stability.

What to do: File taxes regularly, maintain a separate business bank account, and establish a steady invoice system. Developing a strong online presence and building a portfolio of client testimonials can further demonstrate your reliability to potential lenders.

5. Restaurant and hospitality staff

Waitstaff, bartenders, and hotel employees often rely on tips, which may make it harder to document stable income.

What to do: Deposit tips into your bank account instead of keeping them in cash to create a record of earnings. Tracking tips through apps or digital tools can make it easier to report earnings accurately when applying for credit.

6. Truck drivers and long-haul workers

Many truckers are classified as independent contractors, meaning they don’t receive W-2s, which lenders prefer.

What to do: Use tax returns and bank statements to prove income, and consider setting up automatic bill payments to show consistency. Regular communication with clients about contract renewals or extended trips can also provide proof of ongoing work and income.

7. Actors, musicians, and creatives

Artistic fields are notorious for inconsistent income, long job gaps, and challenges in proving financial reliability.

What to do: Diversify income sources, track all gigs, and show lenders a history of steady earnings over time. Having a professional manager or agent can also help ensure that your financial records are organized and presentable when applying for credit.

8. Construction and contract workers

Many in this field work job-to-job without long-term employer guarantees, which may make lenders cautious.

What to do: Keep a detailed work history, provide signed contracts for upcoming projects, and maintain a solid credit history with on-time payments. Networking within the industry can provide additional job opportunities, helping to bridge income gaps between projects.

9 Caregivers and domestic workers

Nannies, home health aides, and housekeepers often receive cash payments or work multiple part-time jobs, which can complicate credit applications.

What to do: Request direct deposits where possible and keep a log of income to show financial stability. Asking employers for written contracts or agreements can help substantiate your income and provide a clearer financial picture for lenders.

10 Small business owners

Running your own business means expenses, irregular income, and financial risk—all factors that may make credit harder to obtain.

What to do: Establish business credit, separate personal and business finance records, and work with lenders specializing in self-employed borrowers. Investing in financial software can streamline the process of tracking business expenses, helping you manage finances and create accurate reports for lenders.

Managing credit building challenges in your job

Building credit with a job with variable income or financial instability may seem difficult, but it’s not impossible. By managing income carefully, documenting earnings, and maintaining strong financial habits, workers in these fields can improve their credit standing and access better financial opportunities.

If you enjoyed 10 popular jobs with credit building challenges you may like,


Disclaimer: The article and information provided here are for informational purposes only and are not intended as a substitute for professional advice

Read the full article here

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article The Best Regional Banks Of 2025
Next Article Credit Card Debt Relief for Teachers: 5 Programs That Can Help You Breathe Again
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FacebookLike
TwitterFollow
PinterestPin
InstagramFollow
TiktokFollow
Google NewsFollow
Most Popular
How To Best Protect Yourself From Storm Scams After Bad Weather
May 10, 2025
11 Budget Laws That Keep Middle-Class Families Perpetually Broke
May 10, 2025
5 Moms, 5 Paths & A Shared Commitment to Financial Wellness
May 10, 2025
9 Rules Every Savvy Saver Breaks About 10 Ways To Save Money
May 10, 2025
What Is An Adjusted Balance?
May 10, 2025
10 Airline Freebies Hiding in Coach—Snag Them Without Elite Status
May 9, 2025

You Might Also Like

News

Best Bridging Loan Brokers – Our Picks

15 Min Read
News

Investors Moving To The Euro As US Dollar Continues Decline

8 Min Read
News

How Does Debt Impact Physical and Emotional Health?

11 Min Read
News

what you need to know ~ Credit Sesame

7 Min Read

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Next Gen Econ

Next Gen Econ is your one-stop website for the latest finance news, updates and tips, follow us for more daily updates.

Latest News

  • Small Business
  • Debt
  • Investments
  • Personal Finance

Resouce

  • Privacy Policy
  • Terms of use
  • Newsletter
  • Contact

Daily Newsletter

Subscribe to our newsletter to get our newest articles instantly!
Get Daily Updates
Welcome Back!

Sign in to your account

Lost your password?