Recently I was denied employment because of my bad credit (the debt is in collection--the debt has been bought by the CA). Anyway, I'll be graduating from college next May, and will be looking for an even more real job, and so as you might imgagine, I'm concerned. I've done my best to read previous postings, but I've read mixed messages. I'm in no position to pay the full amount, but I have recieved settlement offers, and my questions relate to that. I would appreciate any feedback anyone has to offer. I mean what are my options? I was ready to pay the settlement offer but the after reading posts from here, it seems like a bad idea, although I still have a hard time seeing how NOT paying is better than paying a settlement offer, especially since it's from a CA and not the orginal creditor. But then some people say that you could pay the settlement as long as long as you have the entry DELETED from your report as Paid as Agreed or something to that effect. But is this even possible? (Some people say it's NOT possible) Does the CA have the authority to to so? Since I can't pay it in full (although I can pay the settlement offer in full) would it be a good indea to start making payments, like they sometimes offer? Is THAT better than settling? What else can I do to improve my credit. I have one credit card in good standing. In fact they recently gave me a $1k increase. (Are they high on something?! They must not look at credit reports.) Anyway, I know that's a lot of questions, but I would appreciate anybody's input.
1. Get copies of your credit reports. 2. Dispute anything negative. 3. Send C&D letters to any CAs. 4. Work with any listed original creditors to offer payment for deletion. If the CA is able to accept partial, the original creditor would be also. Don't expect any results from calling and talking with the first person who answers the telephone. You need to discover the name of the manager with the power to nego/delete the info. Then send them a letter with your offer. ONLY PAY IF YOU GET THE DELETION.
Out of curossity, what sort of job were you denied and how do you know it was due to your credit report?
Yeah, are you sure you were not just denied the job because your name is CreditPutz ) Just kidding, I wanted to say I love the nick!!! ROFLMAO when I read the entry. CreditPutz (had to type it again), I agree with Doc and Bkev. If you want to work things out with the creditors, I would work on those settlement offers...the fact that they are willing to "settle" for anything is a clue that they may delete or update the negative entries for payment, if you press them. If you want to work on this without settling then re-read Bkev's laundry list of initiatives & begin working on it...the leverage is in your favor, use it. -Peace, Dave
Keepmine...and anybody else--It was a major insurance co. and it was grunt work...hourly pay...and I know my credit was the reason because THEY TOLD ME IT WAS!!!! how awful, huh? Anyway... I've had other jobs with other major companies, and they say in the application that they would check, but they either didn't check, or didn't care.
Sorry to hear about that. I guess what I was driving at is, it's illegal to deny {with a very few exceptions} a job to someone who has filed bankruptcy. I didn't realize poor credit would be grounds unless there were issues like being unable to be bonded. Good luck to you!.
