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Old 10-13-2014, 07:39 PM
 
2,183 posts, read 2,204,930 times
Reputation: 1852

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Quote:
Originally Posted by Pitt Chick View Post
Great example.
Another one is :
Employee is eyeballs deep with credit debt. Employee embezzles to make payments.
Apparently you do not regularly read or watch business news because if you did you would know that roughly 90% of those who embezzle from companies are corporate executives.
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Old 10-13-2014, 08:15 PM
 
Location: Buckeye, AZ
38,936 posts, read 23,938,759 times
Reputation: 14125
Quote:
Originally Posted by jma501 View Post
Apparently you do not regularly read or watch business news because if you did you would know that roughly 90% of those who embezzle from companies are corporate executives.
If we change embezzle with shrinkage, I can agree with that statement. Embezzlement and shrinkage are two types of internal theft in companies.
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Old 10-13-2014, 08:21 PM
 
Location: southwestern PA
22,617 posts, read 47,750,325 times
Reputation: 48362
Quote:
Originally Posted by jma501 View Post
Apparently you do not regularly read or watch business news because if you did you would know that roughly 90% of those who embezzle from companies are corporate executives.
Cite the source of that statistic, please!
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Old 10-13-2014, 08:25 PM
 
Location: Chicagoland
376 posts, read 489,986 times
Reputation: 564
Quote:
Originally Posted by thatguydownsouth View Post
They cannot legally re-age the debt just by buying it. That's a violation of the Fair Credit Act. Sue them.
Absolutely true, and it may not be necessary to go that far. File a protest of the account re-aging every time it occurs. I've personally had bad credit wiped off of my credit report doing this. And never, ever pay an unsecured bad debt that is aging; it only resets the clock (and gets the sharks in the water excited).
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Old 10-13-2014, 08:26 PM
 
Location: southern california
61,286 posts, read 87,491,164 times
Reputation: 55564
yes.
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Old 10-13-2014, 08:28 PM
 
1,135 posts, read 1,314,100 times
Reputation: 2190
So basically you're labeled a thief based soley upon your credit score. How understanding of employers. I mean its not like theres been a recession and people have trouble paying their bills.
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Old 10-13-2014, 08:33 PM
 
Location: southern california
61,286 posts, read 87,491,164 times
Reputation: 55564
Quote:
Originally Posted by Mr.2089 View Post
So basically you're labeled a thief based soley upon your credit score. How understanding of employers. I mean its not like theres been a recession and people have trouble paying their bills.
not at all ---you are labeled a person with poor credit and not the best pick for a hire. not that good with money issues. if you dont handle your money stuff well-- does he want you to handle his?
when you apply for a job you are hiring yourself out as a paid servant. you dont want irresponsible unreliable servants.
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Old 10-13-2014, 08:34 PM
 
Location: southwestern PA
22,617 posts, read 47,750,325 times
Reputation: 48362
Quote:
Originally Posted by Mr.2089 View Post
So basically you're labeled a thief based soley upon your credit score.
Not labeled a thief at all... just someone with a bad credit score.

When competition for certain jobs is so fierce, anyone that does not measure up for ANY reason becomes less desirable.
A bad credit score is just one of those reasons.
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Old 10-13-2014, 08:47 PM
 
Location: Baltimore, MD
11,380 posts, read 9,299,615 times
Reputation: 52634
Quote:
Originally Posted by Pitt Chick View Post
Cite the source of that statistic, please!
How about you citing sources for:
"Employee is eyeballs deep with credit debt. Employee embezzles to make payments" nonsense.
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Old 10-13-2014, 08:47 PM
 
1,135 posts, read 1,314,100 times
Reputation: 2190
Quote:
Originally Posted by Huckleberry3911948 View Post
not at all ---you are labeled a person with poor credit and not the best pick for a hire. not that good with money issues. if you dont handle your money stuff well-- does he want you to handle his?
when you apply for a job you are hiring yourself out as a paid servant. you dont want irresponsible unreliable servants.
Bad credit doesnt mean you cant handle your money well it means some people simply arent financially capable of making a payment (ex. Unemployment). Now if its credit debt well....
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