Anyone get a job with a financial company after bk?

[justbroke]

I concur with Flamingo. I do lots of consulting, and have consulted in the Banking industry. I was probably at that same Bank Flamingo worked at.

I was fingerprinted. I had a full background check. I was vetted. It was not fun. The only people to do a more complete background check on me... was not the Navy... it was the DOE for un-escorted Nuclear Materials access.

But, then again, I hadn't filed for Bankruptcy back then.

[$$only4ever]

When I filed bankruptcy, I worked for a bank. Since then, I have worked for a credit union and currently for a large healthcare company. Both employers did background/credit checks. I did have to provide an explanation to the credit union as to why I filed bankruptcy but I was still hired.

[boiler704]

They also fingerprinted all employees and you had to sign paperwork agreeing to all this prior to being hired and also submit the above information on outstanding bills.

Having worked for BofA before I can tell you this is not true. Perhaps on the Investment banking side or for positions in the branch but for corporate employees they do not do this for everyone.

[justbroke]

Having worked for BofA before I can tell you this is not true. Perhaps on the Investment banking side or for positions in the branch but for corporate employees they do not do this for everyone.

I'm giving away too much, but they did this fingerprinting and all that junk, in the card services division. Sheesh... in card... they made the people who worked on statements and embossing, wear mocks with no pockets.

[Flamingo]

Having worked for BofA before I can tell you this is not true. Perhaps on the Investment banking side or for positions in the branch but for corporate employees they do not do this for everyone.

It most certainly is true and this was not BofA - I was fingerprinted also and I did not work for them but was on site doing contract work under another employer. Anyone working there, employees or contract staff, went through the entire fingerprinting, providing listings of bills and credit/criminal background checks. I am sure that those with something to hide would really balk at what was done/required.

[justbroke]

It most certainly is true and this was not BofA - I was fingerprinted also and I did not work for them but was on site doing contract work under another employer. Anyone working there, employees or contract staff, went through the entire fingerprinting, providing listings of bills and credit/criminal background checks. I am sure that those with something to hide would really balk at what was done/required.

We had one guy who did balk, and refused. He never got an ID badge for "unescorted" entry. He also couldn't get any access to computer systems.

I wonder why he didn't want to get printed???

[boiler704]

I think there are def certain divisions that will fingerprint . . . but on the corporate side there are much less than there would be on the operations side.

[njguy1972]

what about if you work for a financial company and have a large credit card balance with them that you cannot pay? Can they discharge you of your job for defaulting before you declare bankruptcy?

As an employee of the company do I have the same rights as if the credit balance was with another company?

[justbroke]

what about if you work for a financial company and have a large credit card balance with them that you cannot pay? Can they discharge you of your job for defaulting before you declare bankruptcy?

As an employee of the company do I have the same rights as if the credit balance was with another company?

I can tell you this. One of the Banks mentioned in this thread actively monitor their employees. I won't repeat the name, but they' are one of the big Wilmington Delaware Banks.

I was told that even missing a payment, could cause disciplinary action, up to and including dismissal.

It's no different than Disney. At Walt Disney World, employees are subjected to all sorts of non-job related causes for disciplinary action! In most right-to-work States, we are employees at will anyhow...

In your specific example, it's best to file BK before they notice! Otherwise...

[Flamingo]

what about if you work for a financial company and have a large credit card balance with them that you cannot pay? Can they discharge you of your job for defaulting before you declare bankruptcy?

As an employee of the company do I have the same rights as if the credit balance was with another company?

JustBroke is correct with his/her response to you. As to your second sentence, you do not work for the "other" company; you work for your company. A review of your company's policies and employee handbook will give you the information you need. Still in doubt? Consult with your HR rep which will be completely confidential.

[njguy1972]

Thanks

I looked at the employee handbook and it does not say anything about owing money to the firm but 2 items did stick out:

1- must notify your manager if you become a party in any bankruptcy hearing
2- Negligence or improper conduct leading to damage of employer-owned or client-owned property is a violation of the firm's code of conduct

I think if they wanted to they can interpret missing payments on a firm credit card as #2

This is scary. I need to discuss with an attorney.

[BROKENN]

Things are changing... my oldest daughter's friend moved to LA, was late on payments duing his job search, made it to getting hired as a lower technology position at a video game software company, they ran his credit and he was denied the job.

Blew my mind.........

[ambersss]

You will be able to get a job. When you apply for a position that handles money, or sensitive information, the employer is looking to assess risk. If they pull your credit report and see all sorts of delinquent accounts, high balances, etc, you are high risk. BK cleans that up. In most cases, the BK will actually help a persons job prospects because the BK eliminates the risk factors associated with your financial position. You are a far greater risk to a company if you owe a lot of people a lot of money then if you filed BK.

100 % agree....plus trend for credit history checks is slowing down due to the fact that it turned out not to be a good indicator . The biggest us hr reports that out of 10 000 adverce actions sent out, only less thn 5 % was due to credit issues. If they check your credit , they mostly do it to look up if other info you provide is correct , not nesseserly finnacial. It may hurt you a bit if bk is your recent problem ....recent means 2- 3 years.......after that you will be fine.

[ambersss]

100 % agree....plus trend for credit history checks is slowing down due to the fact that it turned out not to be a good indicator . The biggest us hr reports that out of 10 000 adverce actions sent out, only less thn 5 % was due to credit issues. If they check your credit , they mostly do it to look up if other info you provide is correct , not nesseserly finnacial. It may hurt you a bit if bk is your recent problem ....recent means 2- 3 years.......after that you will be fine.

Taking that after bk your repayment history shows close to perfect.

[WoodSprite]

Although it's probably best to be prepared for the worst Flamingo can imagine, I have to say that I was hired for a job requiring EXTREMELY stringent background checking, including a credit check, just a few months before filing, when my credit had tanked spectacularly. It took them a month to complete criminal background checks at the city, state, county and federal levels in three states and I was sure I was a goner. But it turned out that they only used the credit report to verify my SS#.

I'm not saying you should count on it - just don't give up hope.