Does Goldman + other IBs check your CREDIT SCORE?

Does Goldman check your credit score after they extend you an offer? I know financial firms do this, but how strict is it? I messed up my credit score in just one year of college and it's below the national average. Even if I get into a top bank with good scores, would they revoke my offer if my credit is really bad?

 

Do you know what happens or what criteria they use to determine if someone "doesn't pass"? Do they look at how much you owe total (including 5-figure student loan debt)? Do you know the normal range of credit scores that would pass by them? Also, how do you know if they automatically kick you out with a bad credit score or can they be lenient?

 

Don't listen to the above posters. The banks hire a 3rd party to do a full background check which includes criminal record, credit, transcript, job references, etc. Having a bad credit score in of itself is not a reason for them to disqualify you. If you have delinquent or unpaid accounts, or you are in a lot of debt, that is something they would worry about.

There was an extensive post about this only a few days ago so do a search on background check and you should find your answer.

 

hi, Do these third parties check for extracurricular activities done in college ? I took part in some and mentioned them in my resume. Now my worry is most of them were unofficial like part of stage controls team, team member of cricket team etc for which college might not maintain official record. So is it going to be an issue ? Please reply.

 

I will let anyone correct me here for any specifics on banking jobs doing this versus other professions. When you give an employer permission (and they hire a 3rd party for this most likely) what they do is a "soft pull" which does NOT show your actual score. However, if there are liens, charge offs, or judgments then those will be seen.

Again, I am speaking from the consulting/hiring side with this so for the Wall Street jobs it could maybe dig further. Anyway, regardless of that, if your most recent 12 months or so show responsible use of credit and on-time payments you may be ok.

Get your facts first, then you can distort them as you please.
 

hi,

I left my company 4 months back. I told them i am leaving due to family emergency and might not work for 2-3 months. I also added i have other company offer but wont join them until 2-3 months. Now in my new company which I am joining after 3 months I have told them I left previous company due to family emergency. I haven't lied. Now what if new company verifies from previous company about reason for my leaving and they tell them he had other offers ? Reason I am asking this is my previous company HR was very reluctant kind of person. In my exit interview also he didn't ask my reason for leaving as far as I remember. I don't know what they might have updated in the database. Is this going to be an issue ? Please reply ASAP.

 

I had a similar situation when my firm (sell side trading) did a credit check on me. My student debt was mainly from credit cards and I had a score in the 500's. My check turned out fine. I wouldn't worry about it--when I was freaking out and looking on WSO for advice, the consensus seemed to be that they just want to see if you've had any bankruptcies so they can make additional provisions in your contract. Even then, it won't affect your salary/hiring or anything, it's just a technicality.

 

how long ago, what were u there, intern? doesn't really matter unless that was ur only job or most recent position. if it was something two internships/jobs ago, don't worry about it.

------------ I'm making it up as I go along.
 

I would hope and think that's not bad enough. Most college students have zero credit history or one that's been beat to shit by the fact that they have a high credit utilization given they haven't had a chance to make any money until now.

 

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