Employer’s increased use of credit check

[four walling]

[quote=ucodegen]
Finally there is another problem. Current credit reports are not really a measure of credit-worthiness. [/quote]

I respectfully disagree.

If you do not have a credit history then you are not creditworthy.

It is important to finance a large purchase, such as an automobile even though you can afford to pay cash for it. All you need to do is keep making payments on the car for about 12 months then write a check for the balance and pay it off.

When you go to finance a car, the lender does not ask you how much money that you have in the bank and they don’t care.

Financing a vehicle does wonders for your FICO score. I have not financed a vehicle for years, but the credit history of the few that I have in the past makes for a nice looking credit bureau.

Then you are creditworthy.

[paramount]

[quote=UCGal]Another reason to remain frugal and keep that credit score up.[/quote]

Is that the secret? Remain frugal? What if you had a 200k medical bill?

Listen up folks: work hard, buy what you need, need what you buy, always do your best to meet your obligations.

BUT DO NOT BECOME A SLAVE TO YOUR CREDIT REPORT!!

[paramount]

[quote=UCGal]Another reason to remain frugal and keep that credit score up.[/quote]

Is that the secret? Remain frugal? What if you had a 200k medical bill?

Listen up folks: work hard, buy what you need, need what you buy, always do your best to meet your obligations.

BUT DO NOT BECOME A SLAVE TO YOUR CREDIT REPORT!!

[paramount]

[quote=UCGal]Another reason to remain frugal and keep that credit score up.[/quote]

Is that the secret? Remain frugal? What if you had a 200k medical bill?

Listen up folks: work hard, buy what you need, need what you buy, always do your best to meet your obligations.

BUT DO NOT BECOME A SLAVE TO YOUR CREDIT REPORT!!

[paramount]

[quote=UCGal]Another reason to remain frugal and keep that credit score up.[/quote]

Is that the secret? Remain frugal? What if you had a 200k medical bill?

Listen up folks: work hard, buy what you need, need what you buy, always do your best to meet your obligations.

BUT DO NOT BECOME A SLAVE TO YOUR CREDIT REPORT!!

[paramount]

[quote=UCGal]Another reason to remain frugal and keep that credit score up.[/quote]

Is that the secret? Remain frugal? What if you had a 200k medical bill?

Listen up folks: work hard, buy what you need, need what you buy, always do your best to meet your obligations.

BUT DO NOT BECOME A SLAVE TO YOUR CREDIT REPORT!!

[paramount]

[quote=UCGal][quote=Arraya][quote=UCGal]Another reason to remain frugal and keep that credit score up.[/quote]

Only for you, though. Sudden mass frugality would collapse demand and lead to more job losses, which could be you. Frugality is only good for a small few.[/quote]
It’s not sudden for me… I’ve been frugal (some would say cheap) for decades. I plan on spending like crazy in my retirement (travel)… but first I have to go through the decades of being cheap – saving for that retirement.[/quote]

Frugality is for those who LOVE money.

For where your treasure is, there your heart will be also…Matthew 6:19

[paramount]

[quote=UCGal][quote=Arraya][quote=UCGal]Another reason to remain frugal and keep that credit score up.[/quote]

Only for you, though. Sudden mass frugality would collapse demand and lead to more job losses, which could be you. Frugality is only good for a small few.[/quote]
It’s not sudden for me… I’ve been frugal (some would say cheap) for decades. I plan on spending like crazy in my retirement (travel)… but first I have to go through the decades of being cheap – saving for that retirement.[/quote]

Frugality is for those who LOVE money.

For where your treasure is, there your heart will be also…Matthew 6:19

[paramount]

[quote=UCGal][quote=Arraya][quote=UCGal]Another reason to remain frugal and keep that credit score up.[/quote]

Only for you, though. Sudden mass frugality would collapse demand and lead to more job losses, which could be you. Frugality is only good for a small few.[/quote]
It’s not sudden for me… I’ve been frugal (some would say cheap) for decades. I plan on spending like crazy in my retirement (travel)… but first I have to go through the decades of being cheap – saving for that retirement.[/quote]

Frugality is for those who LOVE money.

For where your treasure is, there your heart will be also…Matthew 6:19

[paramount]

[quote=UCGal][quote=Arraya][quote=UCGal]Another reason to remain frugal and keep that credit score up.[/quote]

Only for you, though. Sudden mass frugality would collapse demand and lead to more job losses, which could be you. Frugality is only good for a small few.[/quote]
It’s not sudden for me… I’ve been frugal (some would say cheap) for decades. I plan on spending like crazy in my retirement (travel)… but first I have to go through the decades of being cheap – saving for that retirement.[/quote]

Frugality is for those who LOVE money.

For where your treasure is, there your heart will be also…Matthew 6:19

[paramount]

[quote=UCGal][quote=Arraya][quote=UCGal]Another reason to remain frugal and keep that credit score up.[/quote]

Only for you, though. Sudden mass frugality would collapse demand and lead to more job losses, which could be you. Frugality is only good for a small few.[/quote]
It’s not sudden for me… I’ve been frugal (some would say cheap) for decades. I plan on spending like crazy in my retirement (travel)… but first I have to go through the decades of being cheap – saving for that retirement.[/quote]

Frugality is for those who LOVE money.

For where your treasure is, there your heart will be also…Matthew 6:19

[paramount]

In general, checking credit reports on job applicants is just another step towards corporate fascism.

[paramount]

In general, checking credit reports on job applicants is just another step towards corporate fascism.

[paramount]

In general, checking credit reports on job applicants is just another step towards corporate fascism.

[paramount]

In general, checking credit reports on job applicants is just another step towards corporate fascism.

[Author]

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