Posted by William Charles on September 10, 2019
Recaps

Published on September 10th, 2019 | by William Charles

32

Recap: Job Loss Due To Churning, Venue Fees & More

 

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Sherry
Sherry

wow. the poor churner. didn’t know that background check includes credit report.

LC
LC

they need to base it off credit score too because if the credit bureaus say yeah you’ve applied for X amount of cards, have this much debt, yet credit score is 830 because you pay on time always, this shows responsibility. His credit score wasn’t 500 for missing payments, theres a reason they have that credit model. Id argue with a lawyer that the basis of them determining his credit worthiness arbitrarily not using the same data that the credit bureaus use to determine weight of each category is in fact irresponsible and completely inaccurate.

What are going to say next… you can’t shop for groceries at target but you can at walmart because its cheaper?

Id lawyer up big time. Ridiculous!

Mike
Mike

I’m sure he knew and figured everything would be fine with a spotless credit report.

I worked a job that required a certain level of clearance and it was always in the back of my head whether or not I’d have to explain my atypical credit profile. I never did.

As long as the churner is forthcoming with information and is able to show he’s not applying for credit cards for the credit line then I’d think he’d be okay.

Dubya
Dubya

Well you can think “he’d be okay”….but you would be wrong.

qmc
qmc

Definitely. They want to know if you’re having money troubles, which might be an indicator that you might embezzle money, or be susceptible to bribe, etc.

scott
scott

I always thought that was a ridiculous assumption. Many people are in debt in this country. It doesn’t mean most are willing to risk going to prison. That’s an extreme jump.

TKO
TKO

I heard that applying for jobs here in the US (and applying for car insurance among other nonsensical things) includes reviewing the credit report as part of the background check. I can’t even shop for car insurance without some stranger prying into my credit report and other private information. What’s next, I can’t pick my nose because it will cost me my job? There’s no privacy anymore. Our founding fathers would be appalled.

Gadget 🕵️

This is because people who have credit issues are more likely to file an insurance claim. You can coin flip this and say it would be better for the insurance company not to screen peoples credit, likely pay out more in claims, and then see your rates rise. Because, insurance companies never really lose… they make the other customers pay for it.

If you want to complain about privacy, shutdown your Apple/Google monitoring device first.

Theory
Theory

Our founding fathers would be appalled that you can’t pick your nose on the job, lol calm down Ron

Betelgeuse
Betelgeuse

Sounds like opening bank accounts doesn’t affect background checks.

Gadget 🕵️

This guy is in Canada, but in the US:

Investigations usually cover the past 5 to 10 years of the subject of investigation’s background and generally include interviews with the subject, the subject’s neighbors, employers, officials at schools the subject attended, and references. They also include record checks with the local police departments in the areas where the subject has lived, worked or attended school. Fingerprints are sent to the FBI for a possible match against the Bureau’s criminal history files. A credit history and military service record also may be reviewed.

Ref: https://nbib.opm.gov/record-providers/educational-institutions/ You can Google an SF-86 to see what information is requested from the applicant.

As I recall, financial is the easiest section to fill out. It’s been a few years for me, but they do soft-pull the big 3 CRA’s. Not sure if Chex or EWS is pulled.

Simeon
Simeon

I’m not sure about Canada but I’m in an industry where I have to have a security clearance and they don’t care about how many cards you have open or your “credit seeking behavior”.

They will care if you are carrying large balances and have missed payments. That is considered a risk, but if you dont have large balances and you are never late it wont impact your clearance.

I think either something else is going on and they didn’t elude to it in their post, or they are flat out making it up.

Dubya
Dubya

There is also a third possibility. You don’t know the first thing about what is involved in Canadian security clearance.

Ray
Ray

Sounds like OP should apply for a job for the current administration in the US where credit seeking behavior, bad finances, and susceptibility to bribes are actually job qualifications.

Ferris
Ferris

That’s been a thing for many, many decades from Congress to the White House. Some are just better than others at hiding it.

MrObvious
MrObvious

Members of Congress used to have a private bank that allowed them to kite $100,000+ in checks with no fees and no requirements for timely payback. Guess who paid the bill?

Mark
Mark

Waaah! My trump hatred is so pervasive that I have to vent my spleen in the comments of credit card articles!

Jason Smith
Jason Smith

Love being a business owner. I fired myself before lunch, but hire myself after lunch.

No drug tests or background checks…I am a straight arrow though (no drugs nor alcohol).

The three great essentials to achieve anything worth while are: Hard work, Stick-to-itiveness, and Common sense.
-Thomas A. Edison

Theory
Theory

This comment changed my life

Gerald
Gerald

Jason, that was a big mistake. You can’t take that lunch as a business expense.

Gadget 🕵️

The job loss due to churning title is a bit much. We are talking about Canada, but still, I think we would have heard stories like this before. If what the person says is true, I believe that is not the only reason this action is happening. There is probably more to the story.

Bad things do happen to good people. As someone who held a security clearance for over 20 years in the U.S., I know a fair amount and seen some odd situations. As an example, I worked with a guy who had a divorce & bankruptcy, and still kept his Top Secret clearance. Having an “oops” is not an instant disqualifier. He reported the incident, got a lawyer, he went to court, and now 7+ years later has been freed of crappy credit. His job duties did not change.

The biggest thing is you have to be open and honest with the security personnel, and report things properly. They certainly do pull your credit and criminal history, and if they have questions, you have to answer them. In my experience, if/when an investigator comes to see you, they are actually there to help you figure out the proper way to document your situation for the report.

I was not a big churner when I had my clearance, but I am sure many people hit it harder than I did. This one guy crying would not stop me.

Simeon
Simeon

yeah I’m not buying it either. I have a clearance and low debt, missed payments and your not a security risk for that aspect.

missjenniferd1🦉 🦁

yeah, my idea was, they hate the guy and were looking for something to fire him for, and this came up, so they said we’ll use this as a reason. but then again, it’s canada, so maybe perhaps they are way different than what things are in the u.s.

but when i worked at first tennessee, i didnt hide my churning, and people thought i was a weirdo, or perhaps a bit shady for “ripping off all the banks”. i was like, how am i ripping anyone off? im following their offer to a “T”.

not only that, first tennessee has always offered bonuses, so i was like, soooooooo can i churn first tennessee or are employees ineligible??…. (i was joking as i knew i was ineligible).

Sevillada
Sevillada

“They care because credit-seeking behaviour is often indicative of money troubles and could lead to susceptibility to taking bribes or leaking information for money.”
A certain POTUS wouldn’t be able to qualify for security clearance…lol

SideShowBob233
SideShowBob233

Security clearance? He’s not qualified to flip my burgers. Believe me! He’d flip them better than anyone else though.

Franklin Bash
Franklin Bash

Tuesday, November 3, 2020…

Vote or shut up.

grrizzly
grrizzly

Four more years!

You know it.

missjenniferd1🦉 🦁

MAGA!!!KAG!!! TRUMP2020!! VOTE REPUBLICAN!!! TRUMP = BEST PRESIDENT EVERRRRR!!!

Frogger
Frogger

They only care about amount of debt and anything negative on credit report on US security clearances.

Jim
Jim

Re: churning and job. Sometimes employers, particularly those associated with unions, try to find anything they can to get rid of you, if you’re not liked, don’t perform, don’t kiss up to the right people, or your superiors feel threatened by your performance. Maybe this was just the ticket.

OP stated in the comments that he/she thought they performed well, tried to improve and was well-liked. I’d remind every employee, including this one, that it matters nothing what you think of yourself. It takes only one superior to change your life, and you may never know the reason why.

Charles Mann
Charles Mann

Hilarious that the peabrains here add their political viewpoints to this, particularly because the OP is Canadien. Maybe he needs to ask donald sutherland his opinion.

Frogger
Frogger

I had recent security clearance and they didn’t care about the large amount of cards I have. I don’t carry a balance so it is irrelevant. I think there is more to this story,

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