How closely does Smith Barney look at background checks?? And no, I have no criminal history but my credit isn't the best since I just bought and furnished a house and paid for my wedding all in the last year. I didn't have any issues with Edward Jones so I'm hoping that this will be the case with SB.
No I am not delinquent or anything like that but my credit has gone down to "fair" because of all the debt that I do have. Just trying to get a sense if Smith Barney likes their FA's to have good or great credit.
I'm new to this and am trying to get a sense of what else goes into the decision making process besides, personality and experience.
The background checks are very extensive, and deep. If you don't have a high credit rating - they will probably pass on hiring you. I guess they want people managing money to be good stewards of their own finances.
I'm surprised by your low credit rating - debt doesn't really matter if you're paying your bills on time. Is there something you're not telling us?
There is nothing else that I am hiding...I pay my bills but my i've reached my credit limits on a couple of credits because of the wedding and house.
AND?? Have you been turned down for a loan? Have you been getting Letters Of Demand or phone calls from Collection Agencies? Had your Car repossessed?
I am comfortable, but my state of mind is that some of the prestige wirehouses want to see excellent credit rating...
All I am asking is, Do the Smith Barneys, ML, MS want to see high credit score??
I am comfortable with my credit rating, but when going for a job you sometimes second guess things even though you shouldn't. Its human nature.
If there is a concern on the part of the employer they will ask you to clarify. Don't second guess.
Bankroll - if you're already to the max on debt going into this job - you're in trouble. You will not make any money for a few years - and you'll probably go further into debt.
You'll be fine. I had a couple of dings on my credit report, courtesy of a divorce I had just before coming over to SB. I had some serious delinquencies on loans that we had co-signed on, but which were really her responsibility. No problems. I had to submit a written statement on the four items on the report, and that was it.