Originally posted by Exvitae:
[qb] I, too, am worried about the enhanced reliability check because I have bad credit. (My experience of being self-employed did not work out at all.)
I really hope they can look at extenuating circumstances and realize that nothing fraudulent or criminal occured - business just didn‘t work out the way I expected it to.
Got my test on tuesday and my medical the week after.
mm [/qb]
The credit is only a portion of what they look at. They understand that most people have some form of debt to deal with.
As long as you don‘t have severe debt, that you‘ve never tried to pay down, then you‘re probably in the clear.
I myself am paying a collection agency for a defaulted student loan, and even that combined with a criminal record did not prevent me from gaining Enhanced Reliability Status.
My conclusion on the subject is that the CFRC knows that people make mistakes in life, and so long as you have learned from the mistakes and have demonstrated change, they are willing to give you the benefit of the doubt.
As for:
I really hope they can look at extenuating circumstances and realize that nothing fraudulent or criminal occured - business just didn‘t work out the way I expected it to.
They do not investigate you and gather evidence with which to press charges. If there is no criminal record they will not assume you are a fraud or a criminal.
I don‘t know if you‘ve ever seen what a credit report looks like, but it only contains numbers, dates, and credit institution names.
It gives no deatils of "what" happened, so whatever you tell them they will take at face value.
They will know the exact months you forgot to pay a credit card on time, or missed a loan payment etc., but they don‘t care, as long as you didn‘t stop paying all together.