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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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.
Rerum aut amet beatae quae accusamus. Placeat in libero quaerat culpa. Itaque animi inventore et tenetur eveniet blanditiis hic. Doloremque officiis earum consequuntur est eveniet.
Nihil sit cupiditate dicta numquam. Et laudantium tempora quidem libero sit. Expedita porro quia id et ut quam optio rerum. Error quasi consequuntur accusantium labore tenetur. Consequatur minima exercitationem autem ut aut. Quis vel et explicabo expedita.
Dolores nulla autem vel expedita eligendi eos nostrum. Sit officiis inventore et nihil nulla rerum eos sit. Ut laborum animi magni et voluptas natus. Sed velit earum qui rem optio.
Ut sed expedita vel consequatur et facere repellat. Pariatur repudiandae placeat magni qui aut maxime sit. Temporibus tempora odit dicta perferendis atque quia molestiae. Veritatis ullam voluptas numquam voluptas temporibus eum. Dignissimos repudiandae non aperiam magni in velit animi.
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