settlement offer... - Page 2

[loitering]

Originally Posted by aja-belly

when i worked at radio shack a credit check was part of their hiring process.

Yikes! That seems kind of disturbing to me, and I can't figure out how they rationalize it. What exactly are they looking for? The only thing I can think of is that if someone has a lot of debt, they think the person might steal stuff for money???

[Petersmamma]

With insurance, I know that the stats show that people with better FICO scores tend to not put in claims as often, preferring instead to settle the matter without insurance. This is usually because they have some money in the bank available to do that.

I assume (and I'm being only partly sarcastic here) that with employment, you are a "better person" if you don't have bad debts, or a high debt:income ratio. That would make you a better employee. Of course, we ALL know that how much you make, how financially savvy you are, and how well you manage your debt indicates how good a human being you are.

I heard that they are checking FICO scores to see if you can get into heaven. If it's lower than 500, you have to go to purgatory. But if it's lower than 300, off to hell with you!

[Jadzia]

Originally Posted by mrskennedy

Ok. Answer me this one... How the heck (and I'm being way nice here!) are you supposed to get a job if they look at your credit score and go ? That is wrong, to say the least! I mean, you can't pay off debts unless you have income...

I think people forget that a major component of your credit score is paying your bills on time. If you are habitually late in making your payments, I think that would send up a red flag to a prospective employer about how responsible you might be. Would I want to hire an employee
that forgets to send in payments? I certainly would not want an employee handling my finances that could not handle their own. :

[aja-belly]

Originally Posted by loitering

The only thing I can think of is that if someone has a lot of debt, they think the person might steal stuff for money???

that is the reason they used at the time.