[geeks] Is it too much to be pissed...

[Kurt Huhn]

Michael Schiller wrote:
> 
> I *think* the logic behind this is one of 2 things. Either they figure that
> if you have bad credit that's a sign of dishonesty, and so you'd be unfit
> for employment, or that if you're deep in the hole creditwise there's a
> better chance that you'll steal from the company to pay off those debts. I
> don't believe either of those views, I think they're totally screwed, but I
> believe that's their reason(s).

This is the reason(s) I've heard before - the problem is that most
people with poor credit are not dishonest.  The overwhelming majority of
folks with poor credit ratings are honest and decent humans who have (a)
made financial mistakes in the past (b) have been put in that position
involuntarily (layoffs, lost jobs, economic downturn) (c) are paying for
mistakes of family members (d) etc. etc. etc...

Personally, I went into serious debt in college, was never able to keep
up with the bills due to an inability to find quality work in the field
I studied, and was unable to broker amicable deals with the creditors. 
My credit is only now beginning to recover.  The first new car I bought,
I was paying 18% interest on it due to my credit rating (paid off the
loan in 18 months, don't still own the car).  I've never lost out on a
position I wanted due to my credit rating though...
-- 
Kurt
kurt at k-huhn.com