I am a CPA and worked the other side of this. I guess it could wind up looking that bad, but typically that doesnt happen
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Disenrolled from ROTC, handed enormous bill.
- Thread starter Calisurfboy1997
- Start date
Humey- You would be surprised at the number of employers that conduct credit checks on employees. Heck, when you go to get car insurance, the insurance companies take your credit score into account. Better credit score means you are more likely a safer driver (allegedly).I dont know about you, but no employer of mine has ever done a credit check on me. You are right, once his income and assets go up, the IRS will take more. Again, there are limitations on how much they can take out. You make it sound all doom and gloom. Plenty of people in this country have have zero to crap credit ratings that are able to buy cars and rent apartments. You just have to be more clever about it
I realize they do. I am not saying it doesnt happen. It just doesnt happen all the time. Employers and others do take other things into consideration. I own a house. I rent it out. I had a renter who didnt have the best credit for whatever reason. His bad credit had nothing to do with how much he earned or even not paying his debt. I was able to speak to his last landlord and I was told that my prospective renter was never late and always paid. Just to give myself some insurance, i increased his security deposit. He has been with me know for 2.5 years and has never been problem. Better yet, he never bothers for me minor repairs as he does it himself. Sure, there will be rental companies that only looks at a score and say yes or no based on it. There will be others who will work with you. Want to work for a bank, I think credit ratings will come into play. However, so does reputation and others things that will mitigate the bad credit. My point, is you arent completed screwed over. There are always ways to work around it. To be blunt, there are millions of illegals working in this country with no papers, no social security, no credit and yet are able to surive and thrive. Not a place I would recommend for anyone, but if they can somehow work the system, so can a US citizenHumey- You would be surprised at the number of employers that conduct credit checks on employees. Heck, when you go to get car insurance, the insurance companies take your credit score into account. Better credit score means you are more likely a safer driver (allegedly).