Credit issue...How much will this effect a 121 career?

[derg]

But don't let a creditors violation of the FDCPA get yo ass fiyud!

 

[NickH]

No, I wouldn't recommend anyone default on debt either, but stuff happens!

Creditors love to exploit people who don't fight back. Triple damages in many states.

 

[highspeed]

To make it even worse the gov't is assuming a lot of the default debt so the bank loses nothing for calling these loans.

Probably the very reason they're calling the loan. No reason not to, from the banks point of view.

 

[Rotor2Wing]

Probably the very reason they're calling the loan. No reason not to, from the banks point of view.

Sadly I know this is true! Our tax dollars are covering the debt so the bank can turn a profit without working with a customer.

 

[drunkenbeagle]

Really. What kind of job fires you for having a score under 700, even briefly? And if it was briefly, how did they know? Did they check your score every month? I'm not saying I don't believe you, because I do. But it just seems extremely ridiculous.

And how can they justify that? Everything I've ever read or been told says that even between 600 and 700 is "good".

Sounds like you might have had a case for a wrongful termination lawsuit.

I can't think of any job that would have a requirement to have a credit score of over 700, at all times. WTF.

A large hedge fund. They are understandably cautious about who is working on their high frequency trading computers- a dishonest person could rip them off for a few billion without too much effort.