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Got a question, hope someone can answer... When is your first Lending Tree mortgage payment due after you close on your home loan? Hoping for any answer or 2. Another question... I am a temp for a compnay. If they offer me the job I have to do a credit check. What are they looking for. |
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I would like to know the answer too. Anyone here know what is the answer to your question. I'll do some investigation and get back to you if I discover an answer. You should email the people at Lending Tree as they probably could help you..
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I would ask your company what they are looking for. They will tell you if they just need it for their files or if you must have a certain score or maybe NOT have certain items like repo or charge offs etc showing on your reports. Be up front tell them what is on your reports (since they will see it anyway) and then you can get a sense if you should apply for the job or not...
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Hey thecatslai. I was recently turned down for a job because I had 7 negatives on my TU CR and the company could only accept 3 negatives. HR Manager didn't know what constitutes a negative, so I pulled up my TU CR and counted up all the deliquent accounts. Sure enough, all the deliquent accounts added up to 7. Apparently, there is some slack that the companies give you but I think it utimately depends on how much you come in contact with finances. I hope this helps...
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I know I probably sound young and dumb, but how on earth is it legal for companies to do this? There are certain circumstances that people fall into, and they can't help if there credit gets messed up. This doesn't mean they are a risk, just because they have fallen on hard times. I just don't get it. It is so wrong...
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Kim,.
I don't think you're necessarily screwed - it depends on the type of position you're looking for. DOITMYSELF gave you some good advice in his post, so I won't repeat it. Just wanted to add this tidbit: The employer needs to let you know which CR's report they'll pull. Also, if you are rejected for the position and the employer did pull your credit, you are entitled to a free credit report from the CR that was pulled.. HTH,. John.. |
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Many smaller companies are running credit checks and looking for medical collections. It could mean someone has chronic health issues and if they go under your insurance policy and start filing claims then premiums rise. Affordiability of insurance coverage is a huge issue for smaller employers...
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The FCRA requires employers to notify you.
In writing. Within 3 days of asking a CRA to check you out. The notice must tell you:. *that a credit investigation will be made. *that you have the right to ask the employer to disclose the nature and scope of the investigation (should you ask for this info, they are required to give it within 5 days). Finally, you must be told if a credit report played a part in a decision to deny you a job.. Note:. Technically, an employer can use a credit report only to verify the fact that you were employed. The EEOC has ruled that requiring a job applicant to have good credit has a disproportionate impact on minorities and women and is generally against the law unless the employer can justify such a requirement as necessary in a particular business or job (For example a comptroller or someone who has fiduciary duties like handling a clients funds)... |
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ON THE SAME LINE...how can insurance companies "JACK" your rates SKY HIGH because you have ROTTEN credit...EVEN THOUGH YOU NEVER HAD ANY ACCIDENTS, TICKETS, OR CLAIMS???..
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You have 20+ years experience at that job you apply for and NOBODY has more than 3 years experience...BUT SINCE YOU HAVE BAD CREDIT...YOUR NOT HIRED???..
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What type of job are you in? I know bank tellers must not have tax liens and UNpaid chargeoffs, fear of you dipping into the register.....
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It is all total bull... makes me want to move to Canada or something... ha ha! ( I am sure things are just as bad up there!)..
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Letstalk is an Idiot..
The truth is, some companies check your credit to see if you will be able to live off the salary they pay you. For people with security clearances, they undergo credit checks to see if the pay matches up with the lifestyle and to see if you are responsible. Because you have dings on the CR, it does not mean they won't hire you, they just want to make sure you are not in financial duress and will be tempted to dip into company funds if you handle company money. My advice would be honest and upfront. If you have paid or settled chargeoffs, you should not have any problems. Also, maybe find out which CRA they will pull and possibly pull the report yourself and go over it with the person who will be pulling it. Depending on the company they may not pull a CR, but just reserve the right to do so in the future.. I hope this helps..... |
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Most companies use it to verify your identity, then subsequently pull criminal records from the counties in which you subsided previous/currently...
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I agree with MaddKredit. From what I've heard, companies are trying to determine if you are so far in over your head that you are looking to steal. For example, someone applying for a job that pays $10/hr in a bank and has $90,000 in debt might look suspicious. They also want to see if you match what you tell them. Companies need to minimize risks presented with regards to safeguarding customer info such as names, addresses, SSN, DOB, CC#s etc....
Even if an individual doesn't have access to goods/money possessing certain proprietary knowledge can be valuable as well. Say, programmers at large software companies or product developers - these jobs require individuals that can be trusted with important info. If they carry a lot of debt perhaps the urge to SHARE will come out... |
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So, if Mr."X" has a handful of negs on his CR he is stereotyped as a thief? Well, if this is true then if Mr. "X" also is in posession of a pack of matches he is therefore an arsonist. Maybe I'm a killer, since I own a 9 mm Beretta pistol. When one assumes they make an ASS out of U and ME (and themselves)...
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Thanks for all your posts. I think I might be ok. I don't work with money but I proof all check deposits for a bank. I guess I could stick my own deposits in but I would get caught so fast. You would have to be an idiot to try it. I have no tax liens or unpaid stuff.
Since then my credit has been good except I owe about $5000 in CC bills plus have a 90,000 mortgage. I got the job to pay my cc's. I am usually a stay at home mom. I only work 20 hours per week at this place.. I have a couple of months before they offer but I know they will because I am very good and fast. I'll keep you posted.. Kim.. |
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Good Luck! I'm sure you will get the job. I may have to join you with the second job thing, I owe the IRS $2500 this year. I think I will have to sign up on their installment plan. :-(..
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Also, in my line of work, they check credit to see if there is bankruptcy there. It's important becuase we require our employees to become lincesed in insurance in many states and thare are many states that will not issue a license if you've had certain types of bankruptcies so we wouldn't be able to hire them in some instances...
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And I should also clarify that some of the states would eventually allow someone with a bankruptcy to be licensed after a long, expensive, legal process that we choose not to go through when hiring someone. From a business perspective, it doesn't make sense to do that...
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