Credit Checks – Pre-Screening for Firms

  • Creator
    Topic
  • #180547
    Anonymous
    Inactive

    Hello All! I know you may have answered many questions like this before but i’m just curious to know. I may have did a little damage to my credit back when I was a teen when I was irresponsible and really didn’t have much education on finances. Now that I am 25 and a college graduate, things are starting to hit me. Back when I was 19 I thought it would be cool to get a credit card ($500 limit), an installment loan ($3000), and a cell phone all in my name. Being stupid I maxed out my credit card and it was charged off at $1000, I stopped paying my loans when I only had $1133 left and my cell phone bill became ungodly and ran up to about $900. All of these items had to have been in collections or carrying some negative weight on my credit report since at least 2010. Today, I have paid all of my charge-offs, collections, and any other debt owed. Do you think it will be hard for me to get a job in public accounting after I paid it all? Would Big 4 still look at me?

    P.S.- I’m not irresponsible now, I had some unfortunate things happen during that time like being homeless which almost led to me dropping out of school, and the debt was paid up until I transferred schools to further my education.

    FEEDBACK PLEASE

Viewing 2 replies - 1 through 2 (of 2 total)
  • Author
    Replies
  • #446733
    acamp
    Participant

    I'm not entirely sure how credit checks weigh in on hiring, however, if you have a bunch bad bad credit a while back and have since paid everything off, your score might suck, but your ratios should be good.

    I'd be willing to bet that regardless of debt load, or formerly delinquent accounts, having everything current or paid off is what counts.

    Congrats on fighting back!

    Ninja + Wiley Test Bank: [FAR - 81] [REG - 76] [BEC - 88] [AUD - 73](doh!)

    Becker Videos: [AUD - 82]

    California CPA

    #446873
    acamp
    Participant

    I'm not entirely sure how credit checks weigh in on hiring, however, if you have a bunch bad bad credit a while back and have since paid everything off, your score might suck, but your ratios should be good.

    I'd be willing to bet that regardless of debt load, or formerly delinquent accounts, having everything current or paid off is what counts.

    Congrats on fighting back!

    Ninja + Wiley Test Bank: [FAR - 81] [REG - 76] [BEC - 88] [AUD - 73](doh!)

    Becker Videos: [AUD - 82]

    California CPA

Viewing 2 replies - 1 through 2 (of 2 total)
  • The topic ‘Credit Checks – Pre-Screening for Firms’ is closed to new replies.