| Users Online Now: 2,198 (Who's On?) | Visitors Today: 1,155,616 | |
| Pageviews Today: 1,614,367 | Threads Today: 442 | Posts Today: 7,998 |
| 01:12 PM | ||
| Users Online Now: 2,198 (Who's On?) | Visitors Today: 1,155,616 | |
| Pageviews Today: 1,614,367 | Threads Today: 442 | Posts Today: 7,998 |
| 01:12 PM | ||
Guy was turned down by over 12 employers due to a bad credit past | |
| Anonymous Coward User ID: 45017112  United States08/12/2013 10:00 AM Report Abusive Post Report Copyright Violation | |
Saddletramp  User ID: 740874  Puerto Rico08/12/2013 10:01 AM Report Abusive Post Report Copyright Violation | ... Quoting: Saddletramp And I mentioned all of that above... I should have said; BAD CREDIT is an indication of character, and really the only time as a banker that we gave people a pass on bad credit was in cases of medical problems... To me, you get into a deal, and you promise to pay, then you don't pay...that's an indication of bad character. But medical, you didn't get into that willingly...it just hit you like a ton of bricks usually. Most community bankers will give a pass on medical collections and judgements... tell that to the thousands who are being denied employment because of the bad credit they have FROM medical only That's the problem with these big banks and big companies, they go only by a CREDIT SCORE, they don't care if you own everything you have, paid cash for it, and have no credit, they don't care if you have medical bills, they just look at a score... That's why you should do business with a community bank or credit union, and stay away from all of these mega-banks... credit unions are not exempt, nor any better. 2006 - a harrisburg pa credit union was insolvent. took members deposits on a friday and closed that night 5pm. they knew 8 mo's prior they were insolvent. no notice they closed. newspaper ran article next day - paper on CUs windows. took MONTHS for ppl to gettheir money out of hdqtrs in virginia. CUs are not exempt Well there are bank and credit union ratings available online for everyone...if you have a question about solvency, all you have to do is a little homework... "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
| Anonymous Coward User ID: 4241515  Norway08/12/2013 10:01 AM Report Abusive Post Report Copyright Violation | |
| Matthew Libman User ID: 8537324 United States08/12/2013 10:02 AM Report Abusive Post Report Copyright Violation | This is false. Credit is an indication of stability, which requires stable access to capital or employment. Bad credit is unavoidable for many. Terrible credit is a different story. However, you can't blame certain employers for seeking economically stable workers. If anything, you should blame our capitalist system - especially the controlling parties who cannibalize the domestic economy by globalizing production, sending American consumer $$$$s to foreign economies - and reject all social stimulus initiatives meant to better our population, and educate and capitalize our tremendous resources to make the world a better place. When all of the money is sucked out of an economy, and nothing is done to offset the sucking noise, credit scores are gonna drop. This is American greed at work, and is a result of no one caring about anyone but themselves. We save $1.00 on mouthwash, send our money to china, and wonder where all the jobs and money have gone. Or maybe its just the Jews. Last Edited by Matthew Libman on 08/12/2013 10:04 AM |
| Anonymous Coward User ID: 41235284 United States08/12/2013 10:02 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 45016864 United States08/12/2013 10:02 AM Report Abusive Post Report Copyright Violation | I personally know of families that lost their income, then lost their homes due to job losses and the horrible economy. Trying to survive on next to minimal wage jobs while looking for a job, not able to keep up with payments, then to get a triple hit with negative credit. I know veterans who have returned from overseas who have a family here and can't support them, or get help from the government from the government who they served, and these guys deadbeats? Credit used to be an indication of how you would pay in the future. Unfortunately it is still the same policy today regardless of the depression. |
| Anonymous Coward User ID: 1391964 United States08/12/2013 10:03 AM Report Abusive Post Report Copyright Violation | Went Bankrupt, Now Worth Millions! Name Birthdate Profession Bankruptcy Date Eventual Net Worth Henry Ford July 30, 1863 Founder of Ford Motor 1903 $188,000,000,000 Donald Trump June 14, 1946 Real Estate Developer 1990 $3,000,000,000 Walt Disney December 5, 1901 Founder of Disney 1921 $1,100,000,000 Anna Nicole Smith November 28, 1967 Model, Actress 1996 $450,000,000 H.J. Heinz October 11, 1844 Founder of Heinz 1875 $400,000,000 George Foreman January 5, 1949 Boxer/Grill Spokesman 1983 $300,000,000 Bob Guccione December 17, 1930 Founder of Penthouse 2003 $400,000,000 Kim Basinger December 8, 1953 Actress 1993 $250,000,000 Clarence Saunders August 9, 1881 Founder of Piggly Wigglies (Now Safeway) 1922 $180,000,000 Milton Hershey September 13, 1857 Founder of Hershey 1880 $150,000,000 Larry King November 19, 1933 News Anchor 1978 $144,000,000 William C. Durant December 8, 1861 Founder of General Motors and Chevrolet 1936 $120,000,000 Ulysses S. Grant April 27, 1822 President 1881 $95,100,000 Francis Ford Coppola April 7, 1939 Film Director 1990 $67,400,000 Isaac Hayes August 20, 1942 Singer, Actor 1976 $50,000,000 MC Hammer March 30, 1962 Rapper 1996 $33,000,000 Wayne Newton April 3, 1942 Singer, Actor 1992 $30,000,000 Burt Reynolds February 11, 1936 Actor 1996 $30,000,000 P.T. Barnum July 5, 1810 Showman 1856 $25,000,000 Mick Fleetwood June 24, 1947 Musician, Activist 1984 $25,000,000 Randy Quaid October 1, 1950 Actor 2000 $25,000,000 Stan Lee December 28, 1922 Founder of Marvel 2000 $20,000,000 Abraham Lincoln February 12, 1809 President 1833 $18,400,000 John Connally February 27, 1917 Govenor of Texas 1988 $11,000,000 Heidi Fleiss December 30, 1965 Hollywood Madame 1998 $10,000,000 Perez Hilton March 23, 1978 Blogger 2005 $10,000,000 Buffalo Bill February 26, 1846 Showman 1913 $8,000,000 William McKinley January 29, 1843 President 1893 $7,500,000 Jerry Lee Lewis September 29, 1935 Singer, Songwriter, Pianist 1988 $5,000,000 Benedict Arnold January 14, 1741 Major General 1779 $2,500,000 |
| Anonymous Coward User ID: 36964074 United States08/12/2013 10:03 AM Report Abusive Post Report Copyright Violation | He was applying for a banking position. Credit matters, just like criminal history is important when hiring security. I don't see the problem Quoting: Anonymous Coward 45014262 @@@ My employer was stuck having the payroll department garnish wages of employees to pay child support, then visa / MasterCard bills now phone bills. Sheriff department/ county fines. The employees were always screaming and running around waving voided out checks. The employers should terminate employment with these employees. |
Phennommennonn (OP)Forum Administrator 08/12/2013 10:03 AM  Report Abusive Post Report Copyright Violation | That very well may be, but employment as a loan officer or other positions involving direct influence on the bank's as well as client's funds should be screened for any potential for fraud one could say that for any position. janitorial - could steal the garbage cook - could steal the food stock clerk cashier ahem..... Right, and those positions make it clear on the employment application to list any felony convictions, and that falsifying data is grounds for termination. In the world of banking, credit checks are like criminal records. Athletes are supposed to be PED-free. Teachers aren't supposed to be child abusers. Bankers aren't supposed to be delinquent or fraudulent with loans/payments. now lets apply all of this to living in an "AT WILL (EMPLOYMENT)STATE" whattya got? dude, shit is shit no matter how you frame it political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end. |
| Anonymous Coward User ID: 44985147 United States08/12/2013 10:04 AM Report Abusive Post Report Copyright Violation | Some companies are doing yearly checks and it is understandable for employees that have direct control over company materials and assets. Quoting: Anonymous Coward 40116429 I have heard of people losing jobs just for bad credit as they had access to bank accounts or materials that they could sell. It does happen. People getting into gambling, drugs, or whatever else and will steal all they can to support themselves. yes!!! even if you have been employed at a comp for yrs - ppl are being terminated bc of the credit checks. you could be a model employee - dont matter Then I imagine they were just looking for a reason to lay people off anyway... You know I'm not a proponent of the big bankers by any means, anyone who's read my threads knows this, but by God when you get into a deal with someone, and you promise to pay, then you've obligated yourself, and if you don't pay, then maybe this is the consequence of that, and maybe your Karma, just gave you what you deserve... Yes, I believe particularly in the Mortgage Area, these big banks and Mortgage Lenders got very predatory, and they fucked up the paper work, so that's on them... But when a person buys something, or runs up a credit card, they know what the deal is...they're obligating themselves, and if they're not good to their word on that, then what on earth makes you think they will be good to their word on anything else?!?!? I agree. During the housing boom, maybe ten years ago. I almost bought this house, and was told what my monthly payment would be, etc. Came down to signing papers, and I 'read' them. Turned out payment was $400.00 more than they 'said'. I was like I can't possibly sign this, or afford this. So I walked away. I will never forget the guy saying, 'nobody reads the paperwork'. So if people are stupid enough not to read a legal document to be signed.....I can't feel sorry for them. Where I work there have been countless people fired for stealing money, so credit checks are necessary, as it happens everywhere now. Its sad to see how many screwed up, dishonest people there are. |
| Anonymous Coward User ID: 475310  United Kingdom08/12/2013 10:06 AM Report Abusive Post Report Copyright Violation | |
| Saddletramp User ID: 740874 Puerto Rico08/12/2013 10:06 AM Report Abusive Post Report Copyright Violation | I believe that as well. Along with evictions, etc. But, if someone is laid off from a job that has sustained them for any period of time and their lifestyle is dependent on that income, then their credit ratings will take a hit simply because they will not be able to keep paying the bills. If they are going to insist on using credit ratings as part of the hiring scenario, then they should also take into account why the credit rating fell, not just that it did. Being an ex-banker I saw it all on credit reports... And people will always claim extenuating circumstances. The only extenuating circumstance I gave much credence too was medical, everything else was simple... You got yourself into it, you promised to pay, and you didn't... How about: you promised to pay, then later on discovered that the company you applied with has not adhered to its own contract and changed your agreement several times without your consent, then changed your rates to extremely high levels and added punitive charges without any sensible accounting. Then you said, "wait a minute, I'm not paying these liars anymore" and you told them to prove how the amount they claim was owed was authorized by the original agreement. They ignored your good-faith request, then placed a civil suit against you with merely an amount and no supporting documentation. Then you replied pro se to their filings and demanded that they produce the original wet-ink signed contract as required by your state's Supreme Court's Rules of Civil Procedure. They in turn voluntarily withdrew the case and you never heard from them again, and the only weapon that they still had against you was a private list of people and ratings that was shared among these entities, which is generally full of incorrect or false information anyway, and getting that info changed is almost impossible, and even then the person "reviewing" your credit file still sees the false info. So where exactly in all of this is the notion of "character"? Or how about: you had a 2nd mortgage on a house that was sold to another bank. In the process you discover that there was fraud (robo-signing and other falsehoods not enforceable under the law) and that the claiming party does not have standing to take your house away for non-payment. You file a Qualified Written Request under RESPA that is supposed to protect your rights as a consumer and compel the claiming bank to show that it does indeed have standing. In the meantime you suspend payments, because who in their right mind would pay the wrong party? They then ignore your QWR and send you a forgiveness letter for the 2nd loan. "We see your account is severely past due, let's forget the whole thing." They then give you a 1099 for the amount "forgiven", even though you never had a relationship with them of any type, and they never gave you one red cent of $$ at any time. At the same time they get "their" money back through a bailout by taking it from taxpayers at gunpoint. In the meantime they put your name on a private list and assign it a rating, which is usually full of inaccurate info, etc. etc. etc. Again, so where exactly in all of this is the notion of "character"?   A promise to pay is a contract, if the seller or creditor doesn't hold up their end, then I believe you aren't liable to pay... I pointed this out in a number of threads about predatory lending in relation to the Mortgage markets, those people fucked up the paperwork, they screwed the title, then as far as I'm concerned, you're off the hook... But that falls into Contract Law, which is the province of the Courts, and they are the final decision makers on who held up their end on a contract dispute... "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
| Anonymous Coward User ID: 44448741 United States08/12/2013 10:06 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 18401048 United States08/12/2013 10:07 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 44306049 United States08/12/2013 10:07 AM Report Abusive Post Report Copyright Violation | |
| Cheops User ID: 1341645 United States08/12/2013 10:08 AM  Report Abusive Post Report Copyright Violation | while that maybe the case - heres the devils advocate. many dont use credit - but..... many have been caught in a hole of medical bills. used to be - you could pay the dr or hosp off in monthly pmts nowadays - they turn you over to a credit agency - and yea u can make pmts to them....but the 'cost' is ur credit rating. follow the fuckage? And I mentioned all of that above... I should have said; BAD CREDIT is an indication of character, and really the only time as a banker that we gave people a pass on bad credit was in cases of medical problems... To me, you get into a deal, and you promise to pay, then you don't pay...that's an indication of bad character. But medical, you didn't get into that willingly...it just hit you like a ton of bricks usually. Most community bankers will give a pass on medical collections and judgements... tell that to the thousands who are being denied employment because of the bad credit they have FROM medical only My company does a complete background check before employment that includes looking at an individuals credit rating. Someone that is behind in a couple of credit cards payments or behind in a few bills are not the type of credit problems we look for. I believe one of the triggers is the amount that is in default. A few hundred bucks or even a thousand would not disqualify and individual from being hired, but when someone is behind thousands of dollars (over 10k),we won't touch them regardless of their resume or qualifications. |
| Phennommennonn (OP) Forum Administrator 08/12/2013 10:08 AM Report Abusive Post Report Copyright Violation | ... Quoting: Phennommennonn tell that to the thousands who are being denied employment because of the bad credit they have FROM medical only That's the problem with these big banks and big companies, they go only by a CREDIT SCORE, they don't care if you own everything you have, paid cash for it, and have no credit, they don't care if you have medical bills, they just look at a score... That's why you should do business with a community bank or credit union, and stay away from all of these mega-banks... credit unions are not exempt, nor any better. 2006 - a harrisburg pa credit union was insolvent. took members deposits on a friday and closed that night 5pm. they knew 8 mo's prior they were insolvent. no notice they closed. newspaper ran article next day - paper on CUs windows. took MONTHS for ppl to gettheir money out of hdqtrs in virginia. CUs are not exempt Well there are bank and credit union ratings available online for everyone...if you have a question about solvency, all you have to do is a little homework... oh ffs stop with the fuckin shilling. there was no mention of insolvency to the membership. thats a goddamned fucking fact, admitted by the CU and tony the manager. in a black & white world its supposed to be - hello, mcfly - we dont live in a B&W world. or havent you noticed? political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end. |
| Anonymous Coward User ID: 45016864 United States08/12/2013 10:10 AM Report Abusive Post Report Copyright Violation | ... Quoting: Saddletramp That's the problem with these big banks and big companies, they go only by a CREDIT SCORE, they don't care if you own everything you have, paid cash for it, and have no credit, they don't care if you have medical bills, they just look at a score... That's why you should do business with a community bank or credit union, and stay away from all of these mega-banks... credit unions are not exempt, nor any better. 2006 - a harrisburg pa credit union was insolvent. took members deposits on a friday and closed that night 5pm. they knew 8 mo's prior they were insolvent. no notice they closed. newspaper ran article next day - paper on CUs windows. took MONTHS for ppl to gettheir money out of hdqtrs in virginia. CUs are not exempt Well there are bank and credit union ratings available online for everyone...if you have a question about solvency, all you have to do is a little homework... oh ffs stop with the fuckin shilling. there was no mention of insolvency to the membership. thats a goddamned fucking fact, admitted by the CU and tony the manager. in a black & white world its supposed to be - hello, mcfly - we dont live in a B&W world. or havent you noticed?  |
| Anonymous Coward User ID: 45018114 United States08/12/2013 10:11 AM Report Abusive Post Report Copyright Violation | |
| JustThink User ID: 39410468 United States08/12/2013 10:13 AM Report Abusive Post Report Copyright Violation | only bank jobs and shit like that check your credit...which should be illegal because it's none of their fucking business. why not check my 3rd grade test scores to see if i could be a good teacher 20 years later. this entire society is butt-fucking retarded. these systems are all in place to fuck over the little guy and reward pricks. CAPITALISM! as in capitalize from the weak and give to the rich. |
| Anonymous Coward User ID: 428255  Bulgaria08/12/2013 10:15 AM Report Abusive Post Report Copyright Violation | |
| Saddletramp User ID: 740874 Puerto Rico08/12/2013 10:15 AM Report Abusive Post Report Copyright Violation | ... Quoting: Saddletramp That's the problem with these big banks and big companies, they go only by a CREDIT SCORE, they don't care if you own everything you have, paid cash for it, and have no credit, they don't care if you have medical bills, they just look at a score... That's why you should do business with a community bank or credit union, and stay away from all of these mega-banks... credit unions are not exempt, nor any better. 2006 - a harrisburg pa credit union was insolvent. took members deposits on a friday and closed that night 5pm. they knew 8 mo's prior they were insolvent. no notice they closed. newspaper ran article next day - paper on CUs windows. took MONTHS for ppl to gettheir money out of hdqtrs in virginia. CUs are not exempt Well there are bank and credit union ratings available online for everyone...if you have a question about solvency, all you have to do is a little homework... oh ffs stop with the fuckin shilling. there was no mention of insolvency to the membership. thats a goddamned fucking fact, admitted by the CU and tony the manager. in a black & white world its supposed to be - hello, mcfly - we dont live in a B&W world. or havent you noticed? You know I wanna tell you to fuck off so bad right now...call me a shill, that's bullshit and you damn well know it... I didn't get nasty with you, I just answered your questions, you have no reason to be that way with me... "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
| Anonymous Coward User ID: 45016864 United States08/12/2013 10:16 AM Report Abusive Post Report Copyright Violation | |
| ItSeesThroughEyes User ID: 1409886 United States08/12/2013 10:16 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 41235284 United States08/12/2013 10:17 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 428255 Bulgaria08/12/2013 10:17 AM Report Abusive Post Report Copyright Violation | |
| Phennommennonn (OP) Forum Administrator 08/12/2013 10:19 AM Report Abusive Post Report Copyright Violation | ... Quoting: Phennommennonn credit unions are not exempt, nor any better. 2006 - a harrisburg pa credit union was insolvent. took members deposits on a friday and closed that night 5pm. they knew 8 mo's prior they were insolvent. no notice they closed. newspaper ran article next day - paper on CUs windows. took MONTHS for ppl to gettheir money out of hdqtrs in virginia. CUs are not exempt Well there are bank and credit union ratings available online for everyone...if you have a question about solvency, all you have to do is a little homework... oh ffs stop with the fuckin shilling. there was no mention of insolvency to the membership. thats a goddamned fucking fact, admitted by the CU and tony the manager. in a black & white world its supposed to be - hello, mcfly - we dont live in a B&W world. or havent you noticed? You know I wanna tell you to fuck off so bad right now...call me a shill, that's bullshit and you damn well know it... I didn't get nasty with you, I just answered your questions, you have no reason to be that way with me... if you cant handle the heat....gtfo of the kitchen. :spinedonor: political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end. |
| Anonymous Coward User ID: 41235284 United States08/12/2013 10:20 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 2417276 United States08/12/2013 10:21 AM Report Abusive Post Report Copyright Violation | There have been more and more cases of employees embezzling from employers because said employees are living above their means. So employers are just trying to weed out potential liabilities. It doesn't mean everyone with poor credit is a thief, but as usual the majority suffer because of the actions of a minority. |
| Anonymous Coward User ID: 475310 United Kingdom08/12/2013 10:21 AM Report Abusive Post Report Copyright Violation | |
