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Little League Baseball and Credit

By
Real Estate Sales Representative with Tara Colquitt, The Credit Woman, LLC

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?  

 

Posted by
  • Would you give a thief direct access to your checking account? 
No? Unfortunately, you may be doing just that by regularly using your debit card. And I use mine all the time. Debit cards may look identical to credit cards, but there’s one key difference. With credit cards, users who spot fraudulent charges on their bill can simply decline the charges and not pay the bill. On the other hand, debit cards draw money directly from your checking account, rather than from an intermediary such as a credit card company.
Because of that, even clear-cut cases of fraud where victims are protected from liability by consumer protection laws can cause significant hardship
While debit card fraud is always a possibility, being careful where you use it can help keep your checking account balance out of the hands of criminals.
For details on four risky places, please click on the link below.
http://www.bankrate.com/finance/checking/risky-places-swipe-debit-card-1.aspx#ixzz1pmyqVPXu

 

Comments (15)
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Pam Joffe
Solaris Realty - Tampa, FL
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.
Mar 26, 2008 09:11 AM
Joe Martin
Robison & Co. Real Estate - South Jordan, UT
Thanks for the reminder to protect our credit. Its sad that our world is in this position. 
Mar 26, 2008 09:14 AM
Tara Colquitt
Tara Colquitt, The Credit Woman, LLC - Philadelphia, PA
Credit Counselor
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.
Mar 26, 2008 09:18 AM
Jeff Fullmer
FM Properties - Idaho Falls, ID
Real Estate Investor/Financier

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.

Mar 26, 2008 10:03 AM
Audrey June-Forshey
RE/MAX Realty Services - Darnestown, MD
GRI, Gaithersburg, MD
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?
Mar 26, 2008 10:06 AM
Tara Colquitt
Tara Colquitt, The Credit Woman, LLC - Philadelphia, PA
Credit Counselor

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.

 

Mar 26, 2008 10:26 AM
Tara Colquitt
Tara Colquitt, The Credit Woman, LLC - Philadelphia, PA
Credit Counselor

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.

Mar 26, 2008 10:36 AM
Danny Thornton
R & D Art - Knoxville, TN
WordPress Guru
Tara, this is a fact in the Georgia Banking and Finance. I can understand it as you are dealing with sensitive information.
Mar 26, 2008 11:53 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert
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.
Mar 26, 2008 02:23 PM
Gayle Balaban
The Best Spot Realty/Waterfront Real Estate/Ooltewah Real E - Chattanooga, TN
E. TN Waterfront Real Estate
Tara This credit thing is a never ending monster that appears impossible to get free of.
Mar 26, 2008 02:48 PM
Anonymous
Anonymous

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.

Mar 26, 2008 11:40 PM
#11
Eugene Jones
Weichert Realtors - Somerville, NJ
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.
Mar 27, 2008 09:06 AM
Tara Colquitt
Tara Colquitt, The Credit Woman, LLC - Philadelphia, PA
Credit Counselor
Eugene you are right to check your card regularly. There are companies out there counting on people not to dispute the $19.95 charge.
Mar 27, 2008 09:16 AM
Joseph Ellman
Realty Executives- Williams-Sykes Realty - Poughkeepsie, NY
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.
Mar 28, 2008 11:24 PM
Tara Colquitt
Tara Colquitt, The Credit Woman, LLC - Philadelphia, PA
Credit Counselor
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.
Mar 29, 2008 12:11 AM
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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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