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?This sounds like the type of question another poster had about Background Checks? If you are comfortable with your credit standing then you should have no concern. If you are concerned contact D & B or another Credit Reporting Agency.
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.