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Here we go again. I challenge you Texas, to demonstrate this correlation to me. I have challenged several posters who have stated the exact same premise: that people with bad debt/bad credit are more likely to steal/be a bad employee/be irresponsible on the job, blah, blah, blah. So far not a one has been able to show me this conclusively. I say companies just do this to discriminate against people with bad credit, the people who need jobs the most.
If you do a web search and research "Does poor credit score correlate to poor work performance?" you would find evidence concluding both Yes and No. So, I say we call it a draw. Clearly, as even you point out, there are many people that have a similar opinion as mine- and probably yours as well.
I believe that although there are any number of valid reasons that people have financial problems, including lay off and catastrophic medical conditions- the vast majority of people are in those situations because they put themselves there. They exhibit poor judgment- in the workplace and in their personal lives. I would want to avoid them as potential employees.
Here we go again. I challenge you Texas, to demonstrate this correlation to me. I have challenged several posters who have stated the exact same premise: that people with bad debt/bad credit are more likely to steal/be a bad employee/be irresponsible on the job, blah, blah, blah. So far not a one has been able to show me this conclusively. I say companies just do this to discriminate against people with bad credit, the people who need jobs the most.
In cases of identity fraud, somebody's credit is so terrible that they steal a customer's identity. It's not somebody with 800+ FICO score stealing the identify of somebody with a 650 FICO. If the customer sues the bank, they will at the identity thief and poke holes in his employment. If it's a poor credit history, the bank/govt is going to be dragged through the mud for poor hiring practices.
Yes, it sounds like there is more to the story here.
Yiuppy, you have posted before that you're homeless and cannot find work. You don't have any credit card debt?
Absolutely none and I hate using credit. The only debts I have are private and federal student loans, and a balance on my last semester's tuition before I graduated, which is being paid down slowly. My federal loans are in good standing because I'm on an income based repayment plan. My private student loans, however, are trouble and it's a struggle managing to make full payments every single month on an income of zero soliciting the help of the one family member I'm still in touch with. I'm just not going to bother with a government job search anymore and leave it at that.
Absolutely none and I hate using credit. The only debts I have are private and federal student loans, and a balance on my last semester's tuition before I graduated, which is being paid down slowly. My federal loans are in good standing because I'm on an income based repayment plan. My private student loans, however, are trouble and it's a struggle managing to make full payments every single month on an income of zero soliciting the help of the one family member I'm still in touch with. I'm just not going to bother with a government job search anymore and leave it at that.
That's exactly what Mpowering was talking about. If struggle to manage means on-time payments every month, then it's strange that you would be hit for credit history issues.
If struggling to manage your debt means late payments, then you know the reason for rejection.
Last edited by move4ward; 09-04-2014 at 07:34 PM..
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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You should be monitoring your credit regularly, job hunting or not, with all of the identity theft these days. If in fact you have late payments on a student loan, I'm not surprised that they or most private employers would pass. They no doubt have plenty of qualified applicants with clean credit to choose from. All employers can still be picky, you can bad mouth them all you want, it doesn't change that. They are not going to pick the person that needs the job the most, that's just not good business.
Absolutely none and I hate using credit. The only debts I have are private and federal student loans, and a balance on my last semester's tuition before I graduated, which is being paid down slowly. My federal loans are in good standing because I'm on an income based repayment plan. My private student loans, however, are trouble and it's a struggle managing to make full payments every single month on an income of zero soliciting the help of the one family member I'm still in touch with. I'm just not going to bother with a government job search anymore and leave it at that.
What do you do on a daily basis to bring in money? Any money at all?
I think most people in your position would be out there knocking on doors offering to mow, clean, walk dogs, scoop poop, wash cars, etc. Have you done any of those things? I thought not.
Yiuppy, thanks for the clarification. As previously stated by move4ward, late tuition payments and late student loan payments, are more than likely the reason for the bad credit ratings - and not just the existence of students loans, which do not impact your credit rating.
It's unfortunate, but all you can do is hang in there and try to find a job where the employee doesn't care, and then get back on track with your payments.
I think if you made some payments on this debt, and showing progress towards paying it off, you still have a chance.
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