Does Goldman + other IBs check your CREDIT SCORE?
IB
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(Monkey, 31
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on 12/10/09 at 11:55pm
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?





I did get an offer; and yes,
I did get an offer; and yes, they just informed me that they'll be doing a credit check on me... so this step is definitely unavoidable...
how did it work?
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?
I don't think its about
I don't think its about that... I think its more like a background check... to make sure you don't have any criminal records...
They just do a background
They just do a background check; i.e. do you have any misdemeanors etc.
FICO Score
If your FICO isn't >700 you get canned before training.
^^^that has to be a joke
^^^that has to be a joke
Don't listen to the above
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.
thanks
thanks