If you disclose it openly and it is in the past, it should not be a problem.
The problem comes with bonding. If you have current credit problems and large amount of outstanding debt even with a perfect credit score, then it becomes a problem to get bonding for you.
Bad credit is not an issue. Even bankruptcy won't make a difference (you would have to disclose it). The problem comes with the fact that you need to be sponsored to get these licenses and more and more companies are using credit reports as an element of a background check. Having a couple CC's with high credit limits is not an issue, nor is a couple late payments. If you have serious charge offs and collection attempts you will find it hard to pass credit checks.
If you can't get hired, you can't get sponsored. Catch 22.
From what I know at least, credit means a lot more for commercial bankers than investment bankers/ traders. Commercial banks may do extensive and frequent credit checks, whereas most IB HR folks might tell you that they've never fired someone or refused to hire someone based on their credit score. Of course, the practices may vary bank to bank, but I'd say BB HR won't refuse to hire you if your credit is bad, unless you've filed bankruptcy numerous times or something extreme. Bad credit isn't going to get you kicked out the door, IMO. If anyone's experienced something different firsthand, definitely correct me though.
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Consequuntur modi est aliquam et facere. Modi ut sunt officiis in ducimus provident mollitia. Quam maxime natus et sit. Nihil quia reiciendis nam qui libero aut labore. Enim tempora ut eum.
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If you disclose it openly and it is in the past, it should not be a problem. The problem comes with bonding. If you have current credit problems and large amount of outstanding debt even with a perfect credit score, then it becomes a problem to get bonding for you.
Bad credit is not an issue. Even bankruptcy won't make a difference (you would have to disclose it). The problem comes with the fact that you need to be sponsored to get these licenses and more and more companies are using credit reports as an element of a background check. Having a couple CC's with high credit limits is not an issue, nor is a couple late payments. If you have serious charge offs and collection attempts you will find it hard to pass credit checks.
If you can't get hired, you can't get sponsored. Catch 22.
From what I know at least, credit means a lot more for commercial bankers than investment bankers/ traders. Commercial banks may do extensive and frequent credit checks, whereas most IB HR folks might tell you that they've never fired someone or refused to hire someone based on their credit score. Of course, the practices may vary bank to bank, but I'd say BB HR won't refuse to hire you if your credit is bad, unless you've filed bankruptcy numerous times or something extreme. Bad credit isn't going to get you kicked out the door, IMO. If anyone's experienced something different firsthand, definitely correct me though.
Et qui nesciunt error et incidunt delectus. Quo velit nesciunt tempora delectus sint dolorem.
Consequuntur modi est aliquam et facere. Modi ut sunt officiis in ducimus provident mollitia. Quam maxime natus et sit. Nihil quia reiciendis nam qui libero aut labore. Enim tempora ut eum.
Corrupti consectetur et at consequuntur alias. Rerum perferendis ad minima cupiditate ea. Odio sunt consectetur sed consequatur minus modi.
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