Would you hire someone who had to file bankruptcy 2 years ago to work in a bank? Business? My friend is having difficulty applying places as she thinks no one will hire her.
First after rereading my question I can tell it was typed while half asleep. Now I am answering as I am tired again going to bed.
Her bankruptcy was Ch 13 and all the debt was paid back. She had one LARGE phone bill and the rest medical bills. She currently has NO debt at all, no credit cards, no house payment, no car payment and no job. Her and her husband worked their little butts off to pay off all of their debt in 5 years following Dave Ramsey (they are dire hard on him). She isn't looking specifically at banks, we just have a friend who knows a friend that works at a good bank. Since we live in a small area jobs are really limited.
Thank you all for your input it was greatly appreciated.
If I had 2 otherwise equally qualified candidates, I would hire the one without the bankruptcy ... that shouldn't keep her from trying - she's def not gonna get hired if she doesn't apply.
She won't get hired anywhere if she doesn't apply. Banks may not hire her, I don't know the rules on that. But if she is applying and interviewing with an attitude of thinking no one will hire her, they won't, because she is presenting herself badly. Someone will hire her, but she has to get out and make the connections and be positive, presenting her skills and such.
It's really about being in compliance with banking laws and rules, mom. Those who work with financial or lending institutions have different rules than other businesses. They have to comply with a myriad of rules that are on the books to prevent people with financial problems from embezzlement. Of course anyone can fall to temptation, but the rules are set for those who specifically have financial trouble. She needs to find out specifically about these rules so that she won't spin her wheels.
More than anything, she must be honest about her situation and make sure that it is written on her application. The last thing she wants is to get hired and all of a sudden find out that they are saying she lied on her application, or left out pertinent information, and fire her.
Good luck to your friend,
Dawn
Because they handle money no bank will hire you if you have bad credit, bad like bankruptcy bad.
Too many risks and there are no rights protected by law. It is no different than a pedophile applying at a day care. You can't have people working for you that want what you have lying around, too risky.
There are some positions that will take her but in general a market like this they are picky. Why take someone who has a greater chance of embezzlement when there are plenty of applications that are clean.
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I was kind of curious why she is concentrating on banks. There are so many jobs that won't require a credit check so why not look elsewhere?
Two situations here, you're asking if 'we' would hire her.... maybe, depends...
As far as her having difficulty getting a job due to bankruptcy, that is what it is. More and more organizations do credit checks/background checks before going further with a candidate.
Tell her to be persistent, if she is qualified, that will win out in the long run.
ETA: Not sure from your question if she is trying to get in the banking industry?? That probably won't happen...
My husband filed for bankruptcy many years ago (before we met) and while it was still on his credit report it didn't interfere with him getting a job. Granted the employement scene was more postive during those years than it is now. We worked in finance but he came in as a contract employee through an agency, so it may have been the case where an agency doesn't report that kind of info to the company (because the person is an employee of the agency) and then after he established a track record of good work with our company they were ready to hire him, bankruptcy or not. Perhaps your friend can consider working through an employment agency at first if she doesn't need the benefits that a company would offer a FT employee who they hire directly?
Some industries will look at your credit to determine if you can work for them or not. The banking industry is just one of them. Your friend will need to modify her search for work. She needs to take her skills and apply them to different industries of types of work and perhaps she will find a good fit. Even if she obtains work through a temp agency she will still run into the same problem because banks have very stringent regulations about the requirements for their employees. For some institutions it won't matter how long ago the offense was they just won't hire you but that won't exempt you from being employed somewhere else.
Your friend needs to cast a wider net into different employment waters. She really needs to rethink her strategy for becoming employed.
Apply.
The answer is always no, if you don't ask.
Most banks have to have a bond on their employees. Depending on the circumstances, a bankruptcy might prevent someone from being able to obtain a bond to work in a bank.
Many states now have laws on the books preventing companies from doing credit checks on a pre employment basis, but not all states. It could hamper her ability but she will get a chance to explain and she should be open and honest.
It should not stop her from applying though.
to work at a bank, you have to be able to be bonded which is based on your credit. Banks have different criteria than many other types of businesses.
No. The bank here would not hire my niece who is 28 because at 19 she opened and didn't pay for credit cards and she had late bills.
My question to you, does she want to work specifically at a bank because now after having cleaned up her own finances , she has something to bring to the table (like Dave Ramsey) OR.. are there just a lot of banks in your town and therefore, seems like the place to work..
I asked the first question because IF that is the case, then she could actually use it to her advantage (given she now has some solid positive evidence to show she's turned it all around) and that said, a bank "might" consider her.. although, she may have to work her way up the ladder...
IF as mentioned she now has her finances back on track, perhaps a cover letter of some sort would help her in this situation....
I wish her the best of luck.. please keep us posted
Bankruptcy sometimes happens thru no fault of your own. Everyone assumes she cannot handle money. Job losses can create disaster, Illnesses, like terminal cancer. Child will terrible chronic illness. If it was just irresponsible behavior, then maybe she should not apply.
As I see it, companies need to minimize their risks. Someone that has not been responsible with money has greater motivation to embezzle then someone with a high credit score. That's why insurance companies have started tiering their rates.
While I don't see anything wrong with your friend applying for jobs where she will be directly responsible for money, realistically I think companies would be happier putting her in a role where money is not involved.
has she actually been turned down for jobs, or is she just squeamish about putting in the applications because she thinks she's tainted?
lots of people have had to file bankruptcy. she might be in somewhat of a tenuous position because her bankruptcy is so recent, at least vis-a-vis jobs where she'd be responsible for large sums of money.
but not all banks would worry about her. i'm not sure about the legalities, but if she gets to an interview, in her shoes i'd be frank so that they'd know the situation, assuming that she DIDN'T do anything illegal. most businesses are pretty sensitive to things like being laid off, or having health bills hammer you.
and most jobs probably won't even turn a hair at it. she should get out there and apply vigorously, and be prepared to discuss her bankruptcy forthrightly and simply if it comes up.
khairete
S.
No. For the same reasons I would not hire someone as a educator who had a bad track record in the area of child care. Would you let her handle your finances? No, you wouldn't. Would a bank administrator allow her to handle multiple investors/accounts/billions of dollars? Hell no. Could she be a bank teller? Sure.
She would be far better applying for jobs in a related field and building her credibility and references. If she's a finance major, work in another area of business for a while and then start putting out feelers.
