More Reasons Why Those Who Make Your Credit Score Should Be Lined Up And Shot

[SlickTony]

http://articles.moneycentral.msn.com/Banking/YourCreditRating/YourCreditRatingDyn.aspx?cp-documentid=9154986&GT1=33002

This ain't right. This just ain't right.

 

[Elianna]

http://articles.moneycentral.msn.com/Banking/YourCreditRating/YourCreditRatingDyn.aspx?cp-documentid=9154986&GT1=33002

This ain't right. This just ain't right.

I guess no matter what you're screwed. Perhaps the only thing to do is learn how to save again, and only buy things when you have the cash. (That doesn't help if you want good auto insurance rates or a house, though.)

I guess you're damned either way.

 

[JAMESBJOHNSON]

It makes good sense to monitor what the Gomers buy.

 

[Le Jacquelope]

I guess no matter what you're screwed. Perhaps the only thing to do is learn how to save again, and only buy things when you have the cash. (That doesn't help if you want good auto insurance rates or a house, though.)

I guess you're damned either way.

Also doesn't help when you try to get a job and the employer runs a credit check on you.

 

[Elianna]

Also doesn't help when you try to get a job and the employer runs a credit check on you.

You spurred me on to do some investigation. This link summarizes the legal procedures employers must take in order to use a credit report.

http://www.worldlawdirect.com/article/738/Employer_use_of_consumer_reports.html

I guess I'm lucky. I'd still be living with consequences from being a credit idiot as a kid. Makes me want to keep on the straight and narrow now!

 

[Le Jacquelope]

You spurred me on to do some investigation. This link summarizes the legal procedures employers must take in order to use a credit report.

http://www.worldlawdirect.com/article/738/Employer_use_of_consumer_reports.html

I guess I'm lucky. I'd still be living with consequences from being a credit idiot as a kid. Makes me want to keep on the straight and narrow now!

Using credit reports for employment should be banned.

Insurance companies use credit reports to decide your premiums EXCEPT in California. It has done nothing, practically speaking, to harm the industry here, despite all their whining. Hoorah. And we're still America's #1 economy and provider of food, etc.

California ought to just go ahead and nix employment credit reports. They're piss poor at detecting layabouts and thieves who have good credit reports, and these reports are RIFE with old libelous statements that have been settled as untrue but are still kept on there at the employee's expense.

 

[SlickTony]

Currently I have no credit cards at all, just a bankcard with a VISA logo; otherwise it would be virtually impossible to send off for anything. I think it would be great if everybody would just start paying cash for everything and just choke off the blood supply to these outfits, but I don't see it coming any time soon. Every now and then you hear congress making noises about investigating them, but how can they? They're in the credit card companies' pockets.

 

[Just-Legal]

They had to credit check me before I could be offered a job at my current (soon to be ex, yay redundancy >.<) place of work. I turned around and told them it would come back VERY bad due to fucked-uppedness in my late teens. It did. They still gave me the job, fuck knows why, if you credit check someone and they fail, yet you still offer them the job, WHY do it in the first place?!

 

[JAMESBJOHNSON]

JUST-LEGAL

Employers collect the information to fire you when the time comes for you to go. Your history gives them an excuse to fabricate a legend thats plausible.

 

[Le Jacquelope]

JUST-LEGAL

Employers collect the information to fire you when the time comes for you to go. Your history gives them an excuse to fabricate a legend thats plausible.

I'd like to see the employer give his own personal credit check to prospective employees.

It's logical. If an employee with bad credit might steal from the till, what would a business owner with bad credit do with their payroll taxes? Doesn't their bad credit also run a higher risk of embezzlement? What about the danger that they'll cut wages to better fund themselves to deal with their out of control personal debts? Hell, let's bust open the employer's work comp loss history and make it available for employees to look at.

Oh I'm sure joe wadson does NOT want employers held to the same scrutiny as employees, heheheh. So don't tell him 'bout this, eh?

 

[Boxlicker101]

One complaint I have about the credit reporting companies is that they accept everything as absolutely corect, and believe that the creditor is always correct. They do this even though there are frequently many errors and disputed items there.

This sounds like some kind of red-lining to me.

 

[TE999]

It's a smart move to request a free credit report from the Big 3 credit reporting companies once a year. Fed regs say you can and I do.

 

[Le Jacquelope]

One complaint I have about the credit reporting companies is that they accept everything as absolutely corect, and believe that the creditor is always correct. They do this even though there are frequently many errors and disputed items there.

This sounds like some kind of red-lining to me.

^^^
A little seldom heard truth that defenders of employment credit checks never want to talk about.

 

[Boxlicker101]

It's a smart move to request a free credit report from the Big 3 credit reporting companies once a year. Fed regs say you can and I do.

They advertise free reports, but they aren't really free. You have to sign up for their service, even if you don't want it. At the same time, it wold usually be a good idea to have your report so you can look for errors.

 

[Le Jacquelope]

They advertise free reports, but they aren't really free. You have to sign up for their service, even if you don't want it. At the same time, it wold usually be a good idea to have your report so you can look for errors.

Yup, then you have to talk to some guy in India who can't even speak English, to unsubscribe before the 30 day limit.

There should be a law forcing a person's credit information to be freely accessible to that person 24/7.

 

[SEVERUSMAX]

One way to cut off their lifeblood is to abolish the Fed. Right now, the banks and their credit card company partners have direct control of the economy through the Federal Reserve Banks. If those were dismantled, then they would lose a great deal of their say and influence in one fell swoop. Not that I see this unconstitutional entity being scrapped anytime soon. It is truly a fascist institution, in the sense of being part of an unaccountable regulatory agency that embodies close coordination (Gleischaltung) between the State and the banks. I'm not a socialist. I'm a Constitutionalist, and I'm firmly opposed to illegal policies that favor any one class or interest over another, left or right.

 

[Zeb_Carter]

They advertise free reports, but they aren't really free. You have to sign up for their service, even if you don't want it. At the same time, it wold usually be a good idea to have your report so you can look for errors.

I've been getting mine for free for the past five years. Do not go to those that advertise free reports, those are scams.

The free ones can be found at www.annualcreditreport.com.

 

[TE999]

They advertise free reports, but they aren't really free. You have to sign up for their service, even if you don't want it. At the same time, it wold usually be a good idea to have your report so you can look for errors.

Precisely. When I received my credit reports(free ones) last year I discovered I owed the State of Georgia $600.00 for underpaid state taxes in 1996......and I moved from there in 1997.

 

[JAMESBJOHNSON]

LE JACQUELOPE

I've worked for 45 years and am convinced that virtually every employer is a sociopath.

 

[CeriseNoire]

They advertise free reports, but they aren't really free. You have to sign up for their service, even if you don't want it. At the same time, it wold usually be a good idea to have your report so you can look for errors.

They're also free if you request them directly from one of the three reporting companies (once a year).

 

[JAMESBJOHNSON]

It would be interesting to learn if credit history has predictive validity. I mean, the BIG thieves always seem to access fortunes.

 

[Le Jacquelope]

One way to cut off their lifeblood is to abolish the Fed. Right now, the banks and their credit card company partners have direct control of the economy through the Federal Reserve Banks. If those were dismantled, then they would lose a great deal of their say and influence in one fell swoop. Not that I see this unconstitutional entity being scrapped anytime soon. It is truly a fascist institution, in the sense of being part of an unaccountable regulatory agency that embodies close coordination (Gleischaltung) between the State and the banks. I'm not a socialist. I'm a Constitutionalist, and I'm firmly opposed to illegal policies that favor any one class or interest over another, left or right.

Hear, hear. I'm shocked no one else has responded to this. This is the absolute truth, the Fed Reserve is totally unconstitutional.

LE JACQUELOPE

I've worked for 45 years and am convinced that virtually every employer is a sociopath.

You, of all people? Maybe you'll come to the light some day after all.

 

[JAMESBJOHNSON]

LE JACQUELOPE

My old man did time for armed robbery, killed 3 men, and was involved in organized crime. I was an embezzler when I was 11 years old. I KNOW HOW SOCIOPATHS WALK & TALK.

Thinking back, I'd say most of my employers were "organized" sociopaths (as opposed to disorganized sociopaths like Charlie Manson).

I may start a thread about healthcare and retirement. I think that if the US Government let people invest in the Teamsters or Red Cross or Osama bin Laden, our golden years would literally be golden.

 

[Boxlicker101]

Precisely. When I received my credit reports(free ones) last year I discovered I owed the State of Georgia $600.00 for underpaid state taxes in 1996......and I moved from there in 1997.

Well, that would mean you lived there in 1996, so it isn't so illogical for you to owe taxes for that year. That's not to say you did owe taxes, just to say it would not be illogical.

 

[JagFarlane]

I've been getting mine for free for the past five years. Do not go to those that advertise free reports, those are scams.

The free ones can be found at www.annualcreditreport.com.

There are also state laws to that, that sometimes mandate not one, but 2-4 free credit reports a year. Keep in mind though, this is just the written report, not a copy of your FICO score, if you want that, you have to pay for it.