pam Posted February 19, 2009 Report Share Posted February 19, 2009 Okay so here is the first thing I personally (don't shoot me anyone) have seen the Obama administration looking into that I so totally agree with.With the job market the way it is...having hits against your credit rating..is a double whammy.ksl.com - Searching for a job can hurt your credit Quote Link to comment Share on other sites More sharing options...
prospectmom Posted February 19, 2009 Report Share Posted February 19, 2009 And checking on your credit report can affect your credit.... I agree with you and hope some of this changes Quote Link to comment Share on other sites More sharing options...
Palerider Posted February 19, 2009 Report Share Posted February 19, 2009 Insurance companies were suppose to look at your score and base your car ins off that.....not sure how many do that today... Quote Link to comment Share on other sites More sharing options...
skalenfehl Posted February 19, 2009 Report Share Posted February 19, 2009 It's a good thing I've sworn off any more credit cards and loans. I have everything I need. Just gotta pay it all off, lol! Quote Link to comment Share on other sites More sharing options...
Palerider Posted February 19, 2009 Report Share Posted February 19, 2009 It's a good thing I've sworn off any more credit cards and loans. I have everything I need. Just gotta pay it all off, lol! same here for me.....I only have 1 credit card....not sure how long I will have that... Quote Link to comment Share on other sites More sharing options...
pam Posted February 19, 2009 Author Report Share Posted February 19, 2009 I swore off any and all credit cards about 7 years ago. Will have my car paid for this year...some misc small bills...and then I'm good. Quote Link to comment Share on other sites More sharing options...
Heavenguard Posted February 19, 2009 Report Share Posted February 19, 2009 Wait... What??? Why do employers get to look at your credit at all?? Is this a common practise in the US? (Canadian here.) This makes zero sense to me. An employer pays someone to work. What people do with that money afterwards is hardly their business. Quote Link to comment Share on other sites More sharing options...
pam Posted February 19, 2009 Author Report Share Posted February 19, 2009 I can answer that. It if involves handling a lot of cash for example...and you have an extremely lousy credit report...it lets potential employers know if there could possibly be a risk of theft. Those that can't handle their own financial issues might be tempted to handle a companies financial assets...okay..well handle them right out the door. Quote Link to comment Share on other sites More sharing options...
Dr T Posted February 19, 2009 Report Share Posted February 19, 2009 wow. Quote Link to comment Share on other sites More sharing options...
Palerider Posted February 19, 2009 Report Share Posted February 19, 2009 now that the job matket is tight....alot of people looking for jobs.....bad credit score will have you looking longer for a job. Quote Link to comment Share on other sites More sharing options...
Dr T Posted February 19, 2009 Report Share Posted February 19, 2009 That's not good Quote Link to comment Share on other sites More sharing options...
Palerider Posted February 19, 2009 Report Share Posted February 19, 2009 It sure won't for the person who has bad credit. Quote Link to comment Share on other sites More sharing options...
siouxz72 Posted February 19, 2009 Report Share Posted February 19, 2009 See why I don't have a "just in case, emergency" credit card? And ya'll thought I was crazy Quote Link to comment Share on other sites More sharing options...
pam Posted February 19, 2009 Author Report Share Posted February 19, 2009 The sad part about that kind of system...checking credit score for employment..are those that have just had some bad luck...maybe have had some health issues etc..and have lost a good credit rating. They have a harder time finding work at a time they really need it. That's why I'm glad the Obama administration is reviewing this policy. Quote Link to comment Share on other sites More sharing options...
Palerider Posted February 19, 2009 Report Share Posted February 19, 2009 The sad part about that kind of system...checking credit score for employment..are those that have just had some bad luck...maybe have had some health issues etc..and have lost a good credit rating. They have a harder time finding work at a time they really need it.That's why I'm glad the Obama administration is reviewing this policy. I am sure they write a bill under a 1000 pages to fix this Quote Link to comment Share on other sites More sharing options...
Guest Godless Posted February 19, 2009 Report Share Posted February 19, 2009 Wow, I'm glad that 1) I have a job, and 2) I pay off my credit card bill, in full, every month. Quote Link to comment Share on other sites More sharing options...
Dr T Posted February 19, 2009 Report Share Posted February 19, 2009 Excellent credit and credit cards too. How bout that? Quote Link to comment Share on other sites More sharing options...
talisyn Posted February 19, 2009 Report Share Posted February 19, 2009 See why I don't have a "just in case, emergency" credit card? And ya'll thought I was crazyI don't have one either, it's cash or I don't need it that bad lol.Can you believe Wal-Mart checks your credit if you apply there? I don't think my current employer does, though. Probably cause it's Canadian, they're nice people Quote Link to comment Share on other sites More sharing options...
FunkyTown Posted February 19, 2009 Report Share Posted February 19, 2009 I have no debt and have about 15000 in savings. Of course, I have no house and no car at the moment because I moved to England. Quote Link to comment Share on other sites More sharing options...
hordak Posted February 19, 2009 Report Share Posted February 19, 2009 I have seen it used in bank jobs and law enforcement, which makes some sense, but didn't realize it was used by other industries as well. I think it's suck. I used to have perfect credit until sickness and 2 deaths in the family resulted in maxing the Credit Cards and losing the second job in the family. The cash or i don't need it idea is great for stuff but when you live on the other side of the country and lose a loved one your options are limited. I think this is a step in the right direction. Quote Link to comment Share on other sites More sharing options...
Still_Small_Voice Posted February 19, 2009 Report Share Posted February 19, 2009 I have seen it used in bank jobs and law enforcement, which makes some sense, but didn't realize it was used by other industries as well. I think it's suck. I used to have perfect credit until sickness and 2 deaths in the family resulted in maxing the Credit Cards and losing the second job in the family.Wow. My wife and I have about $80,000 in life insurance on each other but I know it isn't enough. I have no life insurance on my kids which I probably need to get. $10,000 on each of them would be good.My wife and I currently have about $4,000 in credit card debt. The debt is at a 3 percent annual interest rate locked in for life but we hope to have it all paid off by April 2010. Quote Link to comment Share on other sites More sharing options...
miztrniceguy Posted February 19, 2009 Report Share Posted February 19, 2009 And checking on your credit report can affect your credit.... I agree with you and hope some of this changesunless you have a monitoring service that you pay for, then it's not a hit that affects your score.Pale, most auto ins companies do check it. Quote Link to comment Share on other sites More sharing options...
hordak Posted February 19, 2009 Report Share Posted February 19, 2009 Wow. My wife and I have about $80,000 in life insurance on each other but I know it isn't enough. I have no life insurance on my kids which I probably need to get. $10,000 on each of them would be good.My wife and I currently have about $4,000 in credit card debt. The debt is at a 3 percent annual interest rate locked in for life but we hope to have it all paid off by April 2010.It wasn't that "close to home". My wife's coverage is just shy of 1/2 a million so i would be ok (financially )if something happened to her. It was my mother (who died twice) and my my wifes great grandmother. We had to make 3 last minute cross county trips as a family of 4 in 1 year with all the expenses, plane tickets, rental cars, eating on the road, hotels etc. Then to top it off we lost our second job while gone which really put a hurting on us. I have more debt then years on earth and interest rates so high a $200 minimum monthly payment goes straight to interest. But even with all my debt i would never bite the hand that feeds me by robbing the workplace. It is a shame that enough people do that many employers are checking credit.It is also a shame employers assume they will. I mean if personal debt is the main cause of employee theft how do college grads get jobs^_^ Quote Link to comment Share on other sites More sharing options...
Hemidakota Posted February 19, 2009 Report Share Posted February 19, 2009 Okay so here is the first thing I personally (don't shoot me anyone) have seen the Obama administration looking into that I so totally agree with.With the job market the way it is...having hits against your credit rating..is a double whammy.ksl.com - Searching for a job can hurt your creditPam, at this point, credit scores is low-key by what is unofficially, a global depression. Be happy to hold a job. Be happy we still have abundance of food, water, and family. Even if we still plan for tomorrow and seek positivism in life, all that will change very soon. Our priorities should be family and home. Help many of our brethren as we can. Then prepare for the return of the Savior. Quote Link to comment Share on other sites More sharing options...
pam Posted February 19, 2009 Author Report Share Posted February 19, 2009 I have no debt and have about 15000 in savings.Of course, I have no house and no car at the moment because I moved to England. FT will you marry me? Shoot...I take back the proposal. I don't want to be your 8th wife. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.