SO upset and frustrated!!

[jsgrand0]

wow..never imagined this would cause such an uproar...

 

[jsgrand0]

On the plus side...that rant just earned me my ears!! I am officially a Mouseketeer!!! yay!

still fuming over the lost job opportunity

 

[Beth921]

I'm sorry. I know that's frustrating

 

[kristen821]

I don't agree with the companies decision, but I know a lot of times companies don't hire people with poor credit out of fear that they will take money to support themselves.
It's pretty crappy since a lot of people have bad credit due to the economy and you can't really fix it until you have a job, but I guess I somewhat understand.
Good luck!

 

[disneymarie]

I know dsd was going through training for major insurance company then did a credit check...she was escorted out the door.
I think it has something to do with the insurance industry and so much fraud. Not fair, much or what is happening toward unemployed is discriminatory toward hiring or receiving benefits.

We lost $2,010 a month in UC because dh had worked one day a week. Used the new benefit amount when reopening the claim.can;t even collect the $60 because he earns $68 a week.

SUCKS.....

 

[shortbun]

I think I'd ask for special waivers from their policy because he is so close to their deadline of two years and because of the economic situation in this country. You guys are obviously doing what it takes right now. Maybe they would appreciate the extra effort and interview him anyway. Put your energy into a positive direction.

 

[hambirg]

You know what. . .I really feel for you. . .but I DO understand it. When I divorced my ex it would have been very easy to file for bankruptcy. . .we had quite a few large business loans that he simply just stopped paying on. It's one of those things that I think people need to do their homework on. .. . .I did everything to avoid it. . .and we lived on very little for a very long time. . . .even though there were lots of attorneys telling me it would be easy. To me, it's not any different than the mortgage brokers that tried to convince us to buy homes that we simply couldn't afford. Do your homework! A bankruptcy IS a big deal. . .I'm sorry that there was somebody along the line that tried to make you think it wasn't. They were lying.

 

[DebbieB]

I work for a major insurance company and I know that a credit check is part of the hiring process. I don't know if a bankruptcy is a definite no but I'm sure it's a strike against (I'm not involved in HR or hiring). How you handle your money can be an indicator of how you will handle the company's money. Sorry but most people I know who filed for bankruptcy end up that way because of unnecessary spending beyond their means. My brother filed for bankruptcy and as soon as he could get credit cards again he went back into the same pattern.

 

[Ceila]

I have to agree with hambirg. Many people don't research enough to learn all of the ways that bankruptcy will affect their lives in the long run (not saying you personally didn't realize this before, just talking more in general). I think any job where one is dealing with other people's financial future (insurance, investments, banking, etc.) it is likely that companies will screen applicants in this manner. This type of screening has been going on for quite a while in those industries.

Good luck to your husband on the other two potential jobs!

 

[hambirg]

I have to agree with hambirg. Many people don't research enough to learn all of the ways that bankruptcy will affect their lives in the long run (not saying you personally didn't realize this before, just talking more in general). I think any job where one is dealing with other people's financial future (insurance, investments, banking, etc.) it is likely that companies will screen applicants in this manner. This type of screening has been going on for quite a while in those industries.

Good luck to your husband on the other two potential jobs!

Like I said. .. I was told by many people that it would be an easy way out for me. I just never bought into it. I'm glad that I never went down that road. My credit is way less than perfect because of it.. . but it's still better than a bankruptcy. I honestly worked with a guy. . .a teacher no less. .who's wife had lots of problems. They had 6 kids and when he realized that all the counseling in the world wasn't going to help. . .he ran up the debt. . cause he was going to file for bankruptcy anyway. . .. to me.. .it's just not ethical. . .and I think that you shouldn't be surprised when others see it the same way. You don't get to run up your debt and then just call ally ally all come free and walk away from it. It speaks volumes about your character. . .and your smarts. . if you were led down the yellow brick road by some attorney.

 

[tomthebarncat]

This is not new and many companies have been doing credit checks for years. Regardless of the circumstances, a potential employer views this act as financially irresponsible, if you cannot manage your own money, assets, etc, how are you supposed to be responsible for corporate finances??? I agree with this policy along with drug testing.

 

[NHdisneylover]

Like many posters here, while I feel badly for you and can well imagine your frustration, I think this is a reasonable policy and the type of things that people really ought to think about before declaring bankruptcy.

Hopefully your post will serve as a warning to someone else who is perhaps considering bankruptcy now but could have another option.

 

[golfgal]

This is not a company rule, it a Securities and Exchange (SEC) rule. He would need to get his securities license (6 or 7 and a 63 at least) for this job-which is not "easy" and his life then becomes regulated by the SEC. He also wouldn't be able to serve as treasurer for any "board", would have to report any outside income, etc. This job isn't as cut and dried as your rep made it seem, but it isn't a bad job either.

 

[mhsjax]

Like I said. .. I was told by many people that it would be an easy way out for me. I just never bought into it. I'm glad that I never went down that road. My credit is way less than perfect because of it.. . but it's still better than a bankruptcy. I honestly worked with a guy. . .a teacher no less. .who's wife had lots of problems. They had 6 kids and when he realized that all the counseling in the world wasn't going to help. . .he ran up the debt. . cause he was going to file for bankruptcy anyway. . .. to me.. .it's just not ethical. . .and I think that you shouldn't be surprised when others see it the same way. You don't get to run up your debt and then just call ally ally all come free and walk away from it. It speaks volumes about your character. . .and your smarts. . if you were led down the yellow brick road by some attorney.

Wow, we don't even know why they filed bankruptcy and now it seems we can insult her character and her smarts. Love this place, I really do. Chapter 13 is also where you actually pay back what you owe. Maybe not all of it, that depends on the way it is set up, but at least a portion of it.

 

[kristen821]

Wow, we don't even know why they filed bankruptcy and now it seems we can insult her character and her smarts. Love this place, I really do. Chapter 13 is also where you actually pay back what you owe. Maybe not all of it, that depends on the way it is set up, but at least a portion of it.

I was thinking the same thing. I know some wonderful people who unfortunately had to file bankruptcy or have no place for their children to live. The economy sucks. People loss jobs. The banks were putting people in homes that had no business being in homes. I know I was granted a mortgage that I shouldn't have. Luckily, my pay went up, but I had a 1200 dollar mortgage at 26 years old make 17 dollars an hour. On paper at 26 years old you think no problem. Now knowing how expensive everything is I'm surprised I made it through. Not to mention I was raising 2 kids on my own at the time. I don't know the situation here but you never know what someone went trough

 

[kamik86]

Many jobs in many industries are like that. My job requires a security clearance. Things that they ask on the clearance application and look for include how much debt you have (then match it against your credit report) if you have filed bankruptcy, if you have seen a psychiatrist, counselor, etc. For anything that wasn't strictly martial or I forgot what the other exception was. (This I know doesn't automatically make you ineligible but they will require a letter from the doctor saying he thinks your fit to handle sensitive information to be hired).

As for trying for an exception yes many have poor credit due to the economy, however there are also MANY applicants for many positions due to the economy so any way they can use to (legally) weed out people they use.

 

[NaLisa]

No offense intended to OP, but there are repercussions to filing bankruptcy and I don't think requiring a two-year wait after discharge is unreasonable for an employer.

 

[mhsjax]

I was thinking the same thing. I know some wonderful people who unfortunately had to file bankruptcy or have no place for their children to live. The economy sucks. People loss jobs. The banks were putting people in homes that had no business being in homes. I know I was granted a mortgage that I shouldn't have. Luckily, my pay went up, but I had a 1200 dollar mortgage at 26 years old make 17 dollars an hour. On paper at 26 years old you think no problem. Now knowing how expensive everything is I'm surprised I made it through. Not to mention I was raising 2 kids on my own at the time. I don't know the situation here but you never know what someone went trough

WE know people that have both lost their jobs for months on end and then end up getting jobs with huge pay cuts. Guess they don't have good character of are just plain dumb.

 

[java]

This is not a company rule, it a Securities and Exchange (SEC) rule. He would need to get his securities license (6 or 7 and a 63 at least) for this job-which is not "easy" and his life then becomes regulated by the SEC. He also wouldn't be able to serve as treasurer for any "board", would have to report any outside income, etc. This job isn't as cut and dried as your rep made it seem, but it isn't a bad job either.

This only applies if he is selling some type of variable annuity(think Mutual fund type) If he is selling Life or disability type of insurance he would not need to take those tests.

I took them for investment banking. And yes you are correct it is not easy. I said I would never want to take it again. (thankfully I passed)

 

[golfgal]

This only applies if he is selling some type of variable annuity(think Mutual fund type) If he is selling Life or disability type of insurance he would not need to take those tests.

I took them for investment banking. And yes you are correct it is not easy. I said I would never want to take it again. (thankfully I passed)

Fidelity would be the manager of the school's 401K fund and for that they would need a securities license. They are not just for selling variable life insurance or annuities, they are for working with any security-stocks, bonds, etc. (including those inside a mutual fund). I am securities licensed.