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Credit Check Superthread- Merged Topics

I know they preform a credit check when applying, if I have just finished bankruptcy a year ago is this going to look negative on me?
 
This may help.
Topic: "Credit Check - Personal Debt":
http://forums.army.ca/forums/threads/16700.0.html

8 pages.
 
Thanks,  I read the forum but was unable to see anything about Bankruptcy and if it will affect me getting in, because really I have no debt just a bad rating
 
o_O519 said:
Thanks,  I read the forum but was unable to see anything about Bankruptcy and if it will affect me getting in, because really I have no debt just a bad rating
Click to expand...

Maybe this?
Topic: "discharged from bankruptcy":
http://forums.army.ca/forums/threads/85766.0
"I have been discharged from bankruptcy last month and would like to start applying for the military can i still join with the discharged bankruptcy?"

Topic: "Discharged bankruptcy and G.E.D":
http://forums.army.ca/forums/threads/85737/post-837052.html#msg837052
"I was wondering if I could join the Canadian military if I have been in bankruptcy? I was discharged last month from bankruptcy and would like to join full time as a medic."
 
Thanks for the reply, I went to the link and all i read was someone asking the same question as me and instead of people answering it they just tell them to search again..  I have looked and I am unable to find the answer, anyone who has already read it, knows the proper link or has the info, I would appreciate it. Thank you
 
o_O519 said:
Thanks for the reply, I went to the link and all i read was someone asking the same question as me and instead of people answering it they just tell them to search again..  I have looked and I am unable to find the answer, anyone who has already read it, knows the proper link or has the info, I would appreciate it. Thank you
Click to expand...
http://www.forces.ca/en/page/contactus-73 There's a link for ya. Alote easier to call them or go into the RC in person for a definitive answer based on your specific situation.
 
When going through the recruiting process another candidate doing tests the same day had filed for bankruptcy earlier this year and was not merit listed for this reason.
 
Hi,

I currently have outstanding credit card, line of credit and OSAP debts. I am 24 years old, I have a full time job as an accountant and I am paying my debts in monthly installments. Would that pose a problem?

Thanks,
Mark
 
The credit check is to see if you have any credit obligations that you are not meeting. The CF doesn't want creditors showing up looking for money from you. Having credit is not a problem. Having unpaid credit is.
 
jeffb said:
The credit check is to see if you have any credit obligations that you are not meeting. The CF doesn't want creditors showing up looking for money from you. Having credit is not a problem. Having unpaid credit is.
Click to expand...



I actually did a credit check last August 2011 when I submitted my application. My Credit Score from Equifax says "Fair". Plus as of the current date, I have been paying my bills lately, so I would assume the score is a little bit higher.

Btw, what do you mean by "unpaid credit"? - Would that be having an outstanding credit and not paying it at all?


Thanks,
Mark
 
I mean when you owe someone money and you haven't been paying them. When you see your credit report it's the part that says 30 days overdue, 60 days overdue, etc.

If you are paying your bills, this should be a non-issue. The point is to make sure you won't become an administrative burden by having credit collectors come looking for you. No one cares what your credit score is, you are applying for a job, not a loan.
 
jeffb said:
I mean when you owe someone money and you haven't been paying them. When you see your credit report it's the part that says 30 days overdue, 60 days overdue, etc.

If you are paying your bills, this should be a non-issue. The point is to make sure you won't become an administrative burden by having credit collectors come looking for you. No one cares what your credit score is, you are applying for a job, not a loan.
Click to expand...


I just went to double check my credit report as of August 2011 and all of my credit card, line of credit and OSAP states = No 30, 60 and 90 Days Late.

 
You may find some info here,
Topic: Credit Check - Personal Debt :
http://army.ca/forums/threads/16700.0.html
8 pages

Topic: CREDIT CHECK :
http://forums.army.ca/forums/threads/102055.0

Topic: Credit Checks:
http://forums.army.ca/forums/threads/13319.0.html

Topic: Quick Credit Question :
http://forums.army.ca/forums/threads/63236.0/nowap.html

Topic: More in-depth credit check question :
http://forums.army.ca/forums/threads/69010.0/nowap.html

Topic: Debt?:
http://forums.army.ca/forums/threads/58604.0/nowap.html





 
Gulruthina said:
I just went to double check my credit report as of August 2011 and all of my credit card, line of credit and OSAP states = No 30, 60 and 90 Days Late.
Click to expand...

If all you're seeing is R1, I1 and O1 entries, you're golden.  Be aware that there are two credit reporting agencies; Equifax and TransUnion.  When you request a copy of your credit report, always get a report from each agency, as creditors may report to one and not the other.
 
Occam said:
If all you're seeing is R1, I1 and O1 entries, you're golden.  Be aware that there are two credit reporting agencies; Equifax and TransUnion.  When you request a copy of your credit report, always get a report from each agency, as creditors may report to one and not the other.
Click to expand...

Oh really? I thought creditors are supposedly required to report to both agencies. I got my credit report at Equifax Canada.

I do have a lot of outstanding debts but I always make sure I pay the minimum if I could not pay the entire amount. I am going to submit my personnel screening, consent and authorization form tomorrow and I hope everything goes smoothly. Also, I am planning to sell all my shares with the company I currently work for and the shares I currently own in TSX, hopefully that would increase my credit rating.
 
As was mentioned before, if you want to improve your FICO score (and I doubt selling stock would do so), that's up to you - the CF doesn't care about your FICO score.  The CF only cares if you have bad debt.
 
Occam said:
As was mentioned before, if you want to improve your FICO score (and I doubt selling stock would do so), that's up to you - the CF doesn't care about your FICO score.  The CF only cares if you have bad debt.
Click to expand...


Since I don't have any bad debts then I should be good to go. Thanks for the info! Greatly appreciated!
 
jeffb said:
The credit check is to see if you have any credit obligations that you are not meeting. The CF doesn't want creditors showing up looking for money from you. Having credit is not a problem. Having unpaid credit is.
Click to expand...

I currently have a debt of 16k, mostly from (14k) OSAP. I am very angry right now, because I have just missed a payment on my credit card and I submitted my credit check form last Monday.
 
Hi,

I have a quick question in regards to credit check. I have oustanding debts, I think everyone has, but I do not have any bad debts or and credit that is on collection. If that is the case, then it should not affect my application in the CF?

Also, I recently did a credit check report and I scored in the "good category".

Thanks!
 
This question gets asked 6 times a month...........

Couldn't wait until i answered your PM eh ?

::)
 
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