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Carmela,

I would say that if Ameriprize offers you the position, to make every effort to do the best that you can in the job over the next two years.

That way when you go to apply to a bigger, better firm they will be more open to overlooking credit problems in the past if you are able to show recent success as an FA.

My humble, and experienced opinion... 

[quote=carmela_kc]

I got offered a F.A. position with Ameriprise, however I'm worried about paying for the non-refundable exam fees before knowing for sure that I can be licensed to work in the finance sector.  I have a few bumps on my credit report, including unsettled debts from a few years ago that I have not made any attempt to satisfy including credit card debt, a vehicle repossession, and rental debt.  If I were to make a consolidation agreement with a company and have it documented, would I have a chance to enter this field?  For the last two years, I have been on time on my rent, car payment and all other current bills but haven't done anything about the past.  I'd appreciate your advice.

[/quote]

 

What was that quote "Wall street is the only place on earth where a guy who drives a mercedes to work will let someone who took the subway to work tell him how to do things"   Priceless...

I'd love to know what they, and some of the other firms will do about less than stellar credit myself as I have the same concern, though my file's not nearly as big a mess.  Its just that the last year came with an unexpected HUGE decrease in income and the credit cards have been allowed to sit awaiting my future employment so I can pay them off...

So are any of the firms, Ameriprise in particular, rejecting bad credit if it doesn't include any of the NASD issues? In other words, no bankruptcies, judgements, liens or compromises.