Offered an FSA role with Bofa and have some questions about U4/Onboarding

Hey everyone, I currently work at NYL (I know) and was offered an FSA role at BOFA which I am super hyped for, being an advisor is what I want to do with my career. Helping people become financially secure will be so fulfilling. 

I am a bit nervous about the U4 and the actual onboarding due to a bit of poor credit history although I passed the U4 at NYL (I have a couple charge offs from when I was young and dumb but no liens or bankruptcy, a few medical collections as well during joblessness my credit score is fair range and improving) How strict is their HR with that? Am I at jeopardy of losing the opportunity? 

Comments (4)

1mo 
theyouthahead, what's your opinion? Comment below:

They will typically put your through what they call "financial fitness".  This is usually more so for recruits who they are giving deals to.  Just make sure you can explain what happened and back it up. 

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1mo 
NewFSA, what's your opinion? Comment below:

Thank you for the reply, I basically stated how it was due to joblessness and an accident at the time, and that I am totally willing to pay off the debts or make payment arrangements if they suggest it, whatever it takes to be a part of the team. So basically as long as I state I am willing to pay off these debts/collections you think I will be okay? Appreciate your help!

1mo 
theyouthahead, what's your opinion? Comment below:

It's really all up to HR. FINRA is tough on people about this because they are think if they can't pay their bills they may be more motivated to do the wrong thing to generate commissions/fees and/or if they can't manage their own finances how can they advise clients. Typically any compromise with creditors needs to be reported as well. 

1mo 
NewFSA, what's your opinion? Comment below:

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