Little League Baseball and Credit

I was watching the news this morning. A story came on regarding a Little League treasurer stealing $62,000 over the course of 3 years. He was being sentenced today. I didn't think too much more about it until a few minutes ago.

I Googled to find the story. Instead I found two others about a treasurer and president of other leagues stealing funds. 

I am making a prediction. Well, it is probably already in effect. Before anyone can take a position where money is involved their credit will be checked. I know in the banking field and most Federal jobs that an employee's credit must be in good standing. One young woman I spoke with yesterday was laid off from one job and can't get another in her field because of her credit profile. Scary.

So, even though you think you may not need your credit, check it now. None of us knows what the future will bring. But isn't it best to be prepared?  

 

 

15 Comments on Little League Baseball and Credit

Tara - You are right that credit is very important, we won't rent to people with poor credit scores, that is another way they are affected.

03/26/2008 04:11 PM by Solaris Realty


Thanks for the reminder to protect our credit. Its sad that our world is in this position. 

03/26/2008 04:14 PM by Joe Martin (Robison & Co. Real Estate)


Pam: Yes, renting an apartment usually involves a credit check. I could do a whole blog on how credit scores affect our world. Let's see what else people may write.

03/26/2008 04:18 PM by Tara Colquitt, Consumer Credit Advocate (The Credit Depot)


Tara, I don't know what is more shocking: the fact that a Little League treasurer stole $62,000 for 3 YEARS without nobody noticing or that a little league origination has such a large budget!  = )   

I know my employer (the bank) ran my credit before I started working for them. There are always exceptions, but people who are not fiscally responsibly would be a liability if they were employed to help other people with their finances. A credit score is not completely reflective of a person's behaviors but it is interesting how just talking with someone for 5 minutes you can pretty much estimate where their score is at.

03/26/2008 05:03 PM by Jeff Fullmer - Credit/Investment Expert (National Foundation for Credit Excellence)


Tara, I have a client that works for the FBI and it is her job to monitor the employees credit and bank accounts.  They have to have good credit to work there.  With that being said, everyone has stuff that happens and affects their credit.  She said as long as they come to their department and get counciling they are okay, but if they hide it they can be terminated.  They don't want anyone to be manipulated for information.  Wow, taking advantage of little league kids, how pathetic is that?

03/26/2008 05:06 PM by Audrey June-Forshey, GRI, Gaithersburg, MD (RE/MAX Realty Group)


Joe: It is very sad that people feel they must take from others to support their way of life. And I doubt any of these people were 'bad' in the sense of evil, but probably foolish.

 

03/26/2008 05:26 PM by Tara Colquitt, Consumer Credit Advocate (The Credit Depot)


Jeff: Yeah, 3 years! Where was the accountability? But I know in some small communities if you look the part, no one would think differently. And everyone went to high school together, right? I come from a town that was that small 25 years ago. One guy said he took his girlfriend on a vacation to Hawaii to keep up appearances. Hmmm...I stopped driving my Yukon so people would know I CAN'T afford the gas! I like to keep my money!!

Audrey: Yes, I know law enforcement [Homeland Security down to the beat cops] won't tolerate poor credit. However, I doubt they monitor once someone is employed in the 'lower' echelons. A friend retired, moved to Arizona and applied to work as an Air Traffic Controller. He was in the finally stages when he was shot down for having a judgment on his credit.

03/26/2008 05:36 PM by Tara Colquitt, Consumer Credit Advocate (The Credit Depot)


Tara, this is a fact in the Georgia Banking and Finance. I can understand it as you are dealing with sensitive information.

03/26/2008 06:53 PM by Danny Thornton (Home America Mortgage, INC.)


Tara, before I can hire a Loan Officer at McCue Mortgage I have to run his or her credit, it tells a lot about a person.

03/26/2008 09:23 PM by George Souto (McCue Mortgage Co.)


Tara This credit thing is a never ending monster that appears impossible to get free of.

03/26/2008 09:48 PM by The Best Spot Realty/Norris Lake Real Estate/Ooltewah Real E


Danny: I can appreciate banking is universal. Thanks for commenting Danny.

George: Your comment "...it tells a lot about a person." is what I want people to understand. Life events happen and a blip can be explained. But not systematic disregard for not paying on time or managing your debt. It is time to get back to basics.

Gayle: It is possible to be free of the limiting effects of poor credit, but it may be a difficult process. It first must start in our minds, then in developing good financial habits.

03/27/2008 06:40 AM by


I check my credit card statements online regularly, and once noticed some charges that were made in some part of Canada that I'd never been. Thankfully, Wamu took those charges off, and issued me a new card, but that goes to show that anything can happen. Thanks for the post.

03/27/2008 04:06 PM by Eugene Jones (Royster Real Estate)


Eugene you are right to check your card regularly. There are companies out there counting on people not to dispute the $19.95 charge.

03/27/2008 04:16 PM by Tara Colquitt, Consumer Credit Advocate (The Credit Depot)


Tara - Staying on top of your credit report and all accounts is important.  For the situation you described with the little league treasurer, there should be a system of checks and balances in place to avoid these situations in the future.

03/29/2008 06:24 AM by Joseph Ellman (Realty Executives- Williams-Sykes Realty)


Joseph: Jeff made a similar comment earlier of why did it take 3 years to discover this. I am sure they have one in place now.

03/29/2008 07:11 AM by Tara Colquitt, Consumer Credit Advocate (The Credit Depot)


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Real Estate Sales Person: Tara Colquitt, Consumer Credit Advocate (The Credit Depot)
Tara Colquitt, Consumer Credit Advocate
Philadelphia, PA
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The Credit Depot

Cell Phone: (215) 350-2483
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I will be writing about credit and the changes in the industry. Also, since I have extensive experience in real estate as an investor, I may write about this topic also.

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