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Is it possible to pass a credit background search for a job in the financial sector, if you have collections?

September 28th, 2009

Posted by: admin

I have bad credit and collections out against me but really want a job as a financial advisor, is it possible to get licensed?

By: R. W

Tags: Background Search, Credit Background, Search For A Job

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This entry was posted on Monday, September 28th, 2009 at 04:30 and is filed under financial. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

5 Responses to “Is it possible to pass a credit background search for a job in the financial sector, if you have collections?”

1. Rick B Says:
   September 30th, 2009 at 12:32

   I would hope not! I would not want someone who can’t handle their own finances advising me on mine.

2. William L Says:
   September 30th, 2009 at 19:51

   there are laws against hiring felons. but ones with bad credit, are a company decision. call anonymously to a HR dept and ask what their criteria is for hiring those with bad credit.

3. rwa000 Says:
   October 2nd, 2009 at 21:01

   it would kinda hypocritical don’t you think

4. JQT Says:
   October 3rd, 2009 at 00:17

   Unless the hiring company isn’t doing a good job conducting their search, your financial trouble will show up on their radar and most likely stop them from hiring you.

   Part of the licensing process is that the company has to provide sponsorship and put up a bond on your behalf. They wouldn’t want any risk of anyone run off with their client’s money and loose the bond (plus a lot of other trouble) when there are plenty of job applicants with clean credit records.

   Best wishes.

5. OrangeKitten Says:
   October 3rd, 2009 at 03:58

   Depends on the circumstances. If it’s a $10 magazine subscription that you refused to pay and went to collections, probably wont affect you. If it’s a repoed car , foreclosed house, and an outstanding $20k judgment against you then odds are you aren’t getting the job even if you have a stellar academic and professional credentials under your belt.

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