Finding job

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Kay

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Finding job
« on: October 30, 2017, 05:32:48 AM »
Hello

Please please help me with your real life experience. I have some bad credit and currently I am out of Canada. Planning to return soon and file CP because I have been told by 2 major trustees that I can not file CP while staying out of Canada.
My question is, after I come back, and meet the trustees and file CP, how tough would it be for me to find a job? Would I even be able to file CP without any job (i dont have any assets in canada). Though I would ensure my trustee that I do have cash in hand but I would definitely be needing an income to support myself. Have you experienced such situation where you started looking for job after CP? Pls help me out with your advice. I really need it.

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Wetcoaster

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Re: Finding job
« Reply #1 on: October 30, 2017, 05:46:44 PM »
No way you can file a CP without an income.

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LT

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Re: Finding job
« Reply #2 on: October 30, 2017, 07:18:23 PM »
I am not so sure, I think every situation is different.  I filed a CP in August 2014, telling my creditors that my job was ending in September. I think the creditors readily accepted my CP because they knew that they would get nothing if I filed for bankruptcy.  I had no assets and no prospects of finding a job anytime soon.  I think the best advice is to talk to a bankruptcy trustee to get all your options.

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Kay

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Re: Finding job
« Reply #3 on: October 30, 2017, 09:03:40 PM »
No way you can file a CP without an income.

It means i cant file CP untill I find a job? But then is it really possible to land a job with bad credit? Which industries consider bad credit employee for a job?

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fireguy233

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Re: Finding job
« Reply #4 on: November 03, 2017, 02:23:43 AM »
Almost any job would consider an employee with bad credit I would think. I have worked with a fair number of leading Canadian Companies
and have never been subject to a credit file investigation. Perhaps a job in banking or dealing with money you may be but there are many
other places to work.

good luck

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Kay

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Re: Finding job
« Reply #5 on: November 03, 2017, 03:12:08 AM »
That's encouraging. Thank you for the reply. I hope to land a job as soon as I come back to Canada. Right now, I am in contact with my previous landlord and would apply for an apt. I hope it gets approved too.
Moreover, could you please tell did you have a job when you filed CP? In my case, I would not have a job when I will file for CP (because this is the first thing I will do when I will land and I know job takes time as I would be coming back in Dec and this month is slow in hiring) . Do you think it would cause any problem? I would have cash in hand though.


Almost any job would consider an employee with bad credit I would think. I have worked with a fair number of leading Canadian Companies
and have never been subject to a credit file investigation. Perhaps a job in banking or dealing with money you may be but there are many
other places to work.

good luck

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Herbert

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Re: Finding job
« Reply #6 on: November 03, 2017, 01:06:41 PM »
I am going through a similar situation and I don't think you can go through CP without a steady income. The exception would be if you are in between jobs or someone with great credentials who will not have a problem finding a job.  I also don't think credit score matters for a job, the employer isn't supposed to ask about that unless you are getting into finance or something where fraud is a risk. They would have to tell you they are requesting your credit file and requesting it without your permission can only be done by your creditors or people you have legal dealings with like the bank, collections agency etc..

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fireguy233

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Re: Finding job
« Reply #7 on: November 03, 2017, 10:07:22 PM »
Kay,

Yes I was employed when I filed my CP with a large transportation company.

The other posters on here are correct that filing a CP should not be the first thing you do. You will need to prove that you are able to pay what is being proposed so a form of employment
should be your actual fist step unless of course you have the financial means to pay it off (but why file then why not pay your debts).

Anyways like I say there are few companies that do credit checks. However renting an apartment has started to include a credit check in some cases.

Good Luck

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Kay

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Re: Finding job
« Reply #8 on: November 04, 2017, 12:26:33 AM »
Thank you. Like I said I have contacted my previous landlord (management company) and asked if somethibg is available. I will be telling the resident manager abt the credit issue and offer more deposit and advance. We never had issues with the landlord, were always on time with our payments let it be rent or credit cards. It happened because unfortunate circumstances that we had to come back to home country.
I am just scared if i move back to canada and find a place to live, wouldnt the collection agencies come over? I dont want to get into embarassing situation. I will def try for job first.
And my debt is more than the finances that i have in hand. I can manage CP payments for good 6-8 months and hopeful to land a job during this. That's the reason I want to go for CP first.
The replies here are encouraging. But still I am confused if this all is manageable or not. Any other tip?
I would be in Winnipeg , would you want to suggest a trustee ? I am not sure if we could name here or not.

Kay,

Yes I was employed when I filed my CP with a large transportation company.

The other posters on here are correct that filing a CP should not be the first thing you do. You will need to prove that you are able to pay what is being proposed so a form of employment
should be your actual fist step unless of course you have the financial means to pay it off (but why file then why not pay your debts).

Anyways like I say there are few companies that do credit checks. However renting an apartment has started to include a credit check in some cases.

Good Luck

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Herbert

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Re: Finding job
« Reply #9 on: November 05, 2017, 12:48:53 PM »
I've never heard of a collection agency coming over, it would not benefit them because talking to someone in person offers nothing besides a cost to them.  As far as I know all they can do is call you until you ask them to stop and they can update your credit file to say you are R9, which by the sounds of it you already are listed as such, and in some cases file for order from a court, but again this is rare. They would have to know you are hiding money in the bank and just don't want to pay it.  Keep in mind they bought your debt for pennies on the dollar so it not makes sense for them to file a motion and pay out of pocket much more than the debt was bought for.  I had a credit card as a teen about 25 years ago and when I defaulted it on it all they did was send letters for a few years and then eventually gave up.  I was living on a farm then that wasn't owned by me and had little money in the bank. After 7 years they can no longer update your credit file and after that I applied for credit and got it with no problems and kept it good for almost 20 years. 

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Kay

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Re: Finding job
« Reply #10 on: November 07, 2017, 01:28:50 AM »
Update:
Ok so my last landlord has sent me the application form. I have to fill the form and send it back along with the deposit.
What would you suggest? Should I discuss the credit rating issue now or i shall wait for the response i get after submitting the application and then discuss everything and offer for guarantor / more deposit.

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Herbert

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Re: Finding job
« Reply #11 on: November 07, 2017, 01:04:09 PM »
Unless they are specifically asking you to answer a question about credit, I would not mention it.  Most apartments don't even do credit checks, maybe a small private landlord might.  They want your first and last to clear and some indication that you have the means to pay the rent.  I don't see any reason to voluntarily disclose a negative when they are not asking for it. Only disclose this if they ask for it, they may even do a credit check and conclude that they don't care about your debt because you are in a bad position and just need an apartment.  People straight out of jail and on welfare can get an apartment, if you fail with this landlord just keep looking. When I first moved to Toronto they didn't even ask and serious questions and I got the place, that was a long time ago and things may have changed but I also spoke to another friend who moved to an apartment with horrible credit and a separation from wife and a suspended license and all they wanted was first and last and a heartbeat. 

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Kay

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Re: Finding job
« Reply #12 on: November 07, 2017, 01:21:28 PM »
Thank you Herbert for your positive answers. There are two things in the rent application form. First, they ask if the applicant has ever filed bankruptcy. Second, at the end of application, they take the consent of the applicant to do the credit check i.e the applicant signs there. What would you say on that?
I was also thinking not to mention it and submit the application and see what comes out.

Unless they are specifically asking you to answer a question about credit, I would not mention it.  Most apartments don't even do credit checks, maybe a small private landlord might.  They want your first and last to clear and some indication that you have the means to pay the rent.  I don't see any reason to voluntarily disclose a negative when they are not asking for it. Only disclose this if they ask for it, they may even do a credit check and conclude that they don't care about your debt because you are in a bad position and just need an apartment.  People straight out of jail and on welfare can get an apartment, if you fail with this landlord just keep looking. When I first moved to Toronto they didn't even ask and serious questions and I got the place, that was a long time ago and things may have changed but I also spoke to another friend who moved to an apartment with horrible credit and a separation from wife and a suspended license and all they wanted was first and last and a heartbeat.

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Jennykk

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Re: Finding job
« Reply #13 on: November 07, 2017, 09:28:21 PM »
If the landlord is running a credit check, I think it would be best to be upfront with them about having a poor credit.
You have not filed for bankruptcy, so that first question does not apply to you.

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Kay

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Re: Finding job
« Reply #14 on: November 07, 2017, 11:58:42 PM »
Now I am confused :/
I was about to leave to transfer the deposit and fill the online form...
would it be ok if Intalk about it after getting a response to my application?


If the landlord is running a credit check, I think it would be best to be upfront with them about having a poor credit.
You have not filed for bankruptcy, so that first question does not apply to you.

 

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