I have a question that I haven’t really been able to an answer to.
I’ve been in the process of applying to different agencies for about 16 months now and a lot has changed since and I’m curious how it’s all looked at and weighed.
The company I work for started laying people off and cutting salaries and hours. I was given the choice of losing hours and pay by going to another department or being laid off. Needless to say I choose to keep working for a lot less money (a little under a third) and look for a better job. Job hunting hasn’t been very successful due to the economy.
Now I’m having credit issues due to my current income not covering my bills. I’m actually considering bankruptcy to settle these issues. Almost all of the debt is from mortgages on investment properties. I’ve owned them for about 5 years and never even had a late payment prior to the employment situation. Now the banks are foreclosing and threatening to sue for the delinquencies.
I’m really curious how this is all weighed, I know credit is a major issue. Considering I know my boss is giving me a great review, he is part of the reason I started applying to begin with, all information has been completely honest and I would like to think some details would be viewed favorably. I know some of my background cannot be verified due to record keeping, for example, my old driving history is no longer available. FDLE informed of that so I gave them a copy I had from previous job applications and disclosed things that could not be verified if I didn’t have a copy of my driver’s history. I had an issue with tickets in high school but only 1 ticket in the last 9 or 10 years.
I’ve been told by B.I’s that my background was pretty good before these credit issues started but now can’t get an answer how credit is rated. The other departments I’ve applied to are currently on hiring freezes so I’m sitting in limbo with them and unable to get answers.
Sorry to be so long but I'm really curious and concered how this will all look.
I’ve been in the process of applying to different agencies for about 16 months now and a lot has changed since and I’m curious how it’s all looked at and weighed.
The company I work for started laying people off and cutting salaries and hours. I was given the choice of losing hours and pay by going to another department or being laid off. Needless to say I choose to keep working for a lot less money (a little under a third) and look for a better job. Job hunting hasn’t been very successful due to the economy.
Now I’m having credit issues due to my current income not covering my bills. I’m actually considering bankruptcy to settle these issues. Almost all of the debt is from mortgages on investment properties. I’ve owned them for about 5 years and never even had a late payment prior to the employment situation. Now the banks are foreclosing and threatening to sue for the delinquencies.
I’m really curious how this is all weighed, I know credit is a major issue. Considering I know my boss is giving me a great review, he is part of the reason I started applying to begin with, all information has been completely honest and I would like to think some details would be viewed favorably. I know some of my background cannot be verified due to record keeping, for example, my old driving history is no longer available. FDLE informed of that so I gave them a copy I had from previous job applications and disclosed things that could not be verified if I didn’t have a copy of my driver’s history. I had an issue with tickets in high school but only 1 ticket in the last 9 or 10 years.
I’ve been told by B.I’s that my background was pretty good before these credit issues started but now can’t get an answer how credit is rated. The other departments I’ve applied to are currently on hiring freezes so I’m sitting in limbo with them and unable to get answers.
Sorry to be so long but I'm really curious and concered how this will all look.
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