Anyone have a job offer rescinded for bad credit?

[music12]

i thought bk should have nothing to do with any employment, it's illegal. problem is, it's not illegal to pull a credit report, so once they see the bk there, they could use it without telling you that they used it.

i personally have no idea why a person's credit report is remotely relevant to their ability to do a job well. it's even less relevant than a person's medical history. so i don't see why it is not illegal for a potential employer to get a person's credit report. i think it's an invasion of privacy and should be illegal.

[Flamingo]

Seriously this stuff should be ILLEGAL. I know a credit report is always part of a background check, but if you committed a crime, it would show up on your criminal history.

Filing BK is not a crime, it is a personal decision, and does not reflect on how a person can do their job. Especially in this economy. And for banks to call people irresponsible in these times is definitely calling the kettle black.

I am in the mortgage business and my income has declined almost 50% over the last 3 years. I had no choice after robbing Peter to pay Paul for 3 years to file. Now I am finding out that the state I do business in (and where my company is located) has increased the certification requirements. No problem, but now they will check my credit. I won't even be discharged when this happens. I'm so worried about not being able to keep my job now, and I did nothing illegal, nothing I couldn't avoid, and nothing that affected how I work.

I swear I will hire an attorney and fight it if they deny my license because of my BK.

There is nothing wrong with having to file BK. If one has to file, one has to file...it is the folks in the past who made filing BK go along with having a bad name and fraudulent activity. So those that file for good reason end up with the same stigma. Businesses have to protect their bottom line so they avoid hiring anyone who could commit fraud or steal from the company. So folks with bad credit and/or BK on their credit reports get the bad rap. It's hard to fight company policy or rules in place for a company to protect itself and its employees and stockholders legally by not hiring folks with bad credit and/or BK on their records. The only thing to do is to be upfront and positive about the situation when the time comes and be prudent with one's finances and credit from here on out showing that once again you are financially stable and creditworthy.

[Flamingo]

Hi All,
My wife just got a good job offer and starts on the 30th. HR called with the offer on Friday and we're really excited. Big insurance company HQ. Should help us restart our life wonderfully.

...and we're terrified...that they'll run our credit.

They haven't pulled it yet (I checked) but her credit is in the dumper (550)because of our ch7 discharged in April.

Let me know if you've had any pre-employment issues come up regarding credit. Also, don't look for heartburn medicine in central michigan this month. I've bought all of it.

The majority of the time credit reports are pulled before a job is offerred; if there are contingencies as to the hiring, it would have been stated to your wife or given to her in writing. Was she informed that any bad credit or a BK on her credit reports would rescind the offer?

[Tom_Mi]

The majority of the time credit reports are pulled before a job is offerred; if there are contingencies as to the hiring, it would have been stated to your wife or given to her in writing. Was she informed that any bad credit or a BK on her credit reports would rescind the offer?

No, other than the online app having a cursory legal disclaimer saying they'll check criminal/consumer credit.

I'm just thinking that since our bk7 was non-consumer, they'd understand if only I had a chance to explain. But this process doesn't give us an opportunity to bring it up pre-emptively.

[berrymom35]

My dad got a job offer recinded after they did a preliminary credit check. Usually it makes a difference if you will be working with money in any way...including taking credit card numbers over the phone and so on....he was going to be doing tire sales...not sure the details of the position, but it must have made a difference some way. Good luck.

[backtoschool]

No, other than the online app having a cursory legal disclaimer saying they'll check criminal/consumer credit.

I'm just thinking that since our bk7 was non-consumer, they'd understand if only I had a chance to explain. But this process doesn't give us an opportunity to bring it up pre-emptively.

Most big companies do credit checks as part of a general background check, and many do it after the contingent offer is made. (It has been 50/50 for me. Half of my job offers have pulled my credit before I get the offer, and half have pulled it about a week or so after I get the offer).

I would not assume automatically that a negative credit report will cause them to rescind the offer unless your wife is going for CFO or some position that is directly involved with money.

[OhioFiler]

My dad got a job offer recinded after they did a preliminary credit check. Usually it makes a difference if you will be working with money in any way...including taking credit card numbers over the phone and so on....he was going to be doing tire sales...not sure the details of the position, but it must have made a difference some way. Good luck.

Did they specify they were declining hiring him because of his credit report?

[berrymom35]

Did they specify they were declining hiring him because of his credit report?

Yes, after they offerd him the positon. They called him and told him to not bother with the drug test...that his credit report had been pulled and he was no longer eligible for the position.

[JustOverBroke]

My wife got a better job with a cell phone company while we were in chapter 7 and there was never an issue she has been there since september and works with peoples credit card so I guess that our BK wasn't an issue.

[Flamingo]

Yes, after they offerd him the positon. They called him and told him to not bother with the drug test...that his credit report had been pulled and he was no longer eligible for the position.

That can also be done if one does not pass a company-required pre-hire physical...or fails a drug test. But usually these are contingencies that are relayed to the applicant when the offer is given.

[qsr]

That sucks... I'm pretty sure I didn't get an offer after an employer looked at my credit, and I am concerned the next job could go the same way. I am trying to get this law changed in my state and have written my congressperson, however the new session doesn't start until January and probably would take 6 months to go into effect. More people will fall further behind.

[lt2828]

I wouldn't worry about it too much. Although I haven't filed yet, I've got a very low credit score and I have a couple of charge-offs and collections. None of it prevented me from getting an offer from one of the big four accounting firms.

[momisery]

I feel your pain on that issue. I work for a large bank here in MO. What I do involves moving huge amounts of cash around, wires, transfers as well as loans and account openings only for the most afluent amoung us. If I was going to steal it would have been to stop the bk, not after it happened.. geesh. Anyhow, if I apply for a better job, or a transfer I am afraid they will pull credit because their handbook says they do. I could be out and out.. but we may have to move to be closer to family, a 90 year old mother and father and yada yada.. but hubby could find a job there we think too. Here it was a pretty tough job market to crack into since we were "out" of the area sort of people.. lol Coming from AZ that was a tough fact to face for me. Out there they do worry you may not stay, but they are very accepting and happy to have your brains at your desk working for them.. lol Needing to move is hard in this economic time, especially after a BK.

[Bell30656]

Each state has different laws on this subject. Think about this from the employers standpoint. They need to know who they are hiring especially at positions where they count on that person to provide accurate information and or manage a budget.

Today, your wife may not be handling the budget and may only be doing research as you put it but what about six months from now or a year. When applying if you believe that you have something that may come up on your background check it's best to go over it with the manager making that decision. The person doing the hiring should be able to check out any facts that are stated on the application and/or resume. Credit checks, drug tests and criminal background investigations are standard procedure in almost any hiring at a job that pays a decent salary.

Those that do not want to have the checks can move to states that have laws that are more favorable to the candidate/employee. I've been there and know the answers to the questions that they will ask. One reason I stay at this company is that I know that if I go elsewhere they could run my credit history.

[iv65536]

Another way to look at it is if you are underwater on your home and did not reaffirm, you would have a much easier time with moving to another city if necessary, which opens more options to you.