Getting the Financial Job: Article II

As I wrote in the last blog, you need good credit to get a financial job. To deal with this you need to be positive and realistic because you'll be dealing with both creditors or potential creditors.

Now there’s a story about a dog food company that was bought out. The new owners spent huge sums to scientifically engineer a new healthy dog food that dogs would like. Yet sales plummeted. The new CEO called a meeting and announced that he was planning to launch a multi-million dollar advertising campaign to improve sales and asked for opinions.

An old hand who had been with the old company many years spoke up and said, “ It won’t work.” The new CEO asked, “Why.” To which the old hand replied, referring to the new dog food, “The dogs don’t like it.”

Now I can say that I'm one of the dogs here, in that, I have done a tough thing in life; taking my own advice, even when I didn't like it. I may write tough things, but not out of a lack of compassion. I'm not like the lady who asked her pastor to pray God He would give her patience. The pastor told her that to get that she had to suffer persecution. She said, " Oh...Never mind."

This brings me to a second story. A nurse told me about medicine in the third world when he was a volunteer. The whole emergency ward he worked in was the size of a person’s living room in the United States. Obviously there were no separate rooms. There weren't even blinds between the beds, which were really just cots. And if you needed a CAT scan, the patient had to pay for it in advance.

The point is that difficulties often have no easy answer. If you are overseas, for instance, your medical insurance may not cover you depending upon the nation you're in, so you may need to buy special insurance for your trip. Those who forget this are in the same boat as the locals if they get sick. No easy advice for this situation, you use your wallet.

Again, if I write dispassionately, it's because it's important with your credit to do nothing in frustration or desperation. If you're denied credit, don't apply to 10 other places for credit, it's almost guaranteed you won't get it. And because every time you apply for credit you pull your own credit score down, you'll only lose here.

Instead, find out why you were denied credit. Read the denial notice, so you know where your credit's weak so that you can come up with a logical game plan.

I have also posted an article by a colleague of mine which ties in with this titled, "How to Stay Positive in a Negative Situation." It's important to realize that you're not just rearranging furniture on the Titanic. For instance, I once knew an older gentleman who befriended me, and I grew to love his wit and kindness. His name was J.J.. Before he died after a long happy life he told me that he'd declared bankruptcy 3 times before he found the right business for himself. He found hope a great virtue.

The next blogs deal with establishing credit, keeping good credit and a last blog again on repairing credit as I discussed in my first blog in this series "Getting the Financial Job: Article I. " In closing it is ironic ( it should mean prison ); of course, that the people who collapsed the economy did so by destroying the credit of many good financial institutions and people, without; of course, getting so much as a drop of mud on their own credit reports.

Do you think that your credit rating's keeping you from a good job? Do you have a story to tell? Let me know in the comments.

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