I have bad credit and collections out against me but really want a job as a financial advisor, is it possible to get licensed?
2007-10-09 14:43:44 · 5 answers · asked by R. W 2 in Business & Finance ➔ Careers & Employment ➔ Financial Services
Depends on the circumstances. If it's a $10 magazine subscription that you refused to pay and went to collections, probably wont affect you. If it's a repoed car , foreclosed house, and an outstanding $20k judgment against you then odds are you aren't getting the job even if you have a stellar academic and professional credentials under your belt.
2007-10-13 02:04:42 · answer #1 · answered by iSpeakTheTruth 7 · 0⤊ 0⤋
Unless the hiring company isn't doing a good job conducting their search, your financial trouble will show up on their radar and most likely stop them from hiring you.
Part of the licensing process is that the company has to provide sponsorship and put up a bond on your behalf. They wouldn't want any risk of anyone run off with their client's money and loose the bond (plus a lot of other trouble) when there are plenty of job applicants with clean credit records.
Best wishes.
2007-10-10 13:25:55 · answer #2 · answered by JQT 6 · 0⤊ 0⤋
there are laws against hiring felons. but ones with bad credit, are a company decision. call anonymously to a HR dept and ask what their criteria is for hiring those with bad credit.
2007-10-09 21:51:12 · answer #3 · answered by 27ysq 4 · 0⤊ 0⤋
I would hope not! I would not want someone who can't handle their own finances advising me on mine.
2007-10-09 21:49:39 · answer #4 · answered by Anonymous · 1⤊ 0⤋
it would kinda hypocritical don't you think
2007-10-10 06:46:54 · answer #5 · answered by Anonymous · 0⤊ 0⤋