Jun
10
If you have bad credit, does this mean you can’t become a financial representative?
Filed Under (Bad Credit Credit Cards) by admin

Blair asked:


I am a college senior who has just been recently been accepted for a job contract with a financial investment company to become a financial representative. I am now filling out the paperwork for the job contract/background check - should I not provide information regarding my debt with a credit card I recently have (and recently settled in court)? Could I really be denied employment now just because I took out a credit card when I was 19, maxed it out and now paying it off? This is scaring me. If you are a financial representative or work in the industry, please let me know ASAP.

NARCISA

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Comments

dragonfly_3 on 11 June, 2009 at 1:11 pm #

Some employers do base job offers on the credit of their potential employees. Frankly, finance might not be the best career choice for you right now if you have a track record of not managing your own finances very well.


rwa000 on 15 June, 2009 at 1:08 am #

it would be sort of hypocritical wouldn’t you think, but then again you would fit well in the US


redvelvetflames4ever on 17 June, 2009 at 10:40 am #

As poster Dragonfly stated credit background checks do play a role in the hiring process especially in the finance field. Although it is against the law to base a hiring decision based on your CHR it is still done. I have to agree with Dragon and consider entering another field until you fully resolve this issue.


JQT on 19 June, 2009 at 8:01 am #

It is required by law that companies has to provide background check and assess financial risks for any potential employees who will have interactions with clients money, furthermore they have to put up a bond on your behalf.

I do not know exactly how sever and the magnitude of your past financial problems. However, I do know that anything in the past 10 years could effect your employment with financial institutions.

Best wishes.


Chantell on 19 June, 2009 at 11:45 am #

Just be honest. If the question does not specifically ask about your debt and spending habits, do not volunteer the information. If it does, you need to be honest, you may have some type of consent form you’re asked to sign for them to check your background. If they do so and you have not provided them with all of the information asked, then you will more than likely not be accepted or will be terminated for dishonesty. If the position you are applying for requires individuals with integrity (which I’m sure it does), then be sure to show that you have the qualities by being honest up front- BUT only if they ask :)