Regionals check applicant's credit rating?
05-01-2014 | 11:33 AM
#51
Banned
Joined: Apr 2014
Posts: 481
Likes: 0
From: Da Bus
Only took a few posts before someone claimed I traded sexual favors for cash. Classy. As for ATA, I can assure you my loan was NOT forgiven. The first couple classes (they had 2 a month) were forgiven. I sure as heck was not, I was almost done with my Pvt. My parents had cosigned my loan, so Bankruptcy was not an option. I promise you I paid off the bad loan to Key, but our little group (Red Trainers) was a big part of revamping the way flight schools are financed. I was an idiot to put the money down upfront; but that's the school of hard knocks, eh?
RadialGal
RadialGal
05-01-2014 | 11:42 AM
#52
Banned
Joined: Apr 2014
Posts: 481
Likes: 0
From: Da Bus
Not sure I'd hire you. Taking out a loan you can't pay back speaks volumes about your character whether you like it or not. A job at McDonalds, Burger King, Taco Bell, or whatever on the side would have more than covered the extra 200 bucks. Man up, pay your loan back, and demonstrate you're worthy of job.
If your kid needs an organ transplant, your $200 Burger King job isn't going to cut it. How would a full time regional pilot do that anyway? It's ridiculous.
05-01-2014 | 11:55 AM
#53
Gets Weekends Off
Joined: Sep 2013
Posts: 6,569
Likes: 322
From: Sitting SC at the Five Towns
Don't tell me you buy into that line from the Big Banks. They charge what the market will bear, not in order to punish the rest of us for someone's default.
05-01-2014 | 11:59 AM
#54
Airborne bus driver
Joined: Apr 2014
Posts: 224
Likes: 1
From: my seat smells funny
Wow, the 2 choices are gullible or liar. I already stated I was an Idiot, so that would fit the Gullible bill, right? I did what a lot of other pilots did in the early/mid 2000's Took out a 50K loan, put it all into a flight school (yes all at once) and started my training. They used all of it, obviously ahead of me needing it for training. The bank didn't care that they used the money fraudulently. They loaned me 50 K; I chose to put that 50K into a stupid investment...it failed. They were not at fault. Sucks, but after working with our Lawyers, ATA's and Key's; you lean that's the way the cookie crumbles with banks.
Think it sounds fishy; just look up TAB Express, Silver State, Jet University, RAA, lot's more example other than my ol' school.
Think it sounds fishy; just look up TAB Express, Silver State, Jet University, RAA, lot's more example other than my ol' school.
05-01-2014 | 12:51 PM
#55
Gets Weekends Off
Joined: Jun 2008
Posts: 939
Likes: 0
If I have to explain that to you, it's no wonder you didn't do more research and why you are financially strapped and took on a loan you couldn't repay. I have no problem with you taking out a loan, and then having hardship to pay it back, but don't blame others when you take a 25k a year job, and complain that the banks got a bailout but you didn't.
Last edited by IBPilot; 05-01-2014 at 01:08 PM.
05-01-2014 | 12:54 PM
#56
Gets Weekends Off
Joined: Jun 2008
Posts: 939
Likes: 0
wrong.....most high interest rates are charged so the bank doesn't lose money on high risk loans. And the more people default, the higher the rate goes. or the loans stop. But if they stop people cry unfair. And how much in taxpayer dollars have gone to bank bailouts (or unpaid student loans), whether legit or not? So yes, I pay for your defaults either in interest rates or taxes. And BTW, my info is not based on pro big bank/oil/whatever, but by 12 years in the loan industry.
Last edited by IBPilot; 05-01-2014 at 01:15 PM.
05-01-2014 | 12:57 PM
#57
Gets Weekends Off
Joined: Jun 2008
Posts: 939
Likes: 0
Wow, the 2 choices are gullible or liar. I already stated I was an Idiot, so that would fit the Gullible bill, right? I did what a lot of other pilots did in the early/mid 2000's Took out a 50K loan, put it all into a flight school (yes all at once) and started my training. They used all of it, obviously ahead of me needing it for training. The bank didn't care that they used the money fraudulently. They loaned me 50 K; I chose to put that 50K into a stupid investment...it failed. They were not at fault. Sucks, but after working with our Lawyers, ATA's and Key's; you lean that's the way the cookie crumbles with banks.
Think it sounds fishy; just look up TAB Express, Silver State, Jet University, RAA, lot's more example other than my ol' school.
Think it sounds fishy; just look up TAB Express, Silver State, Jet University, RAA, lot's more example other than my ol' school.
05-01-2014 | 01:15 PM
#58
Gets Weekends Off
Joined: Sep 2013
Posts: 6,569
Likes: 322
From: Sitting SC at the Five Towns
wrong.....most high interest rates are charged so the bank doesn't lose money on high risk loans. And the more people default, the higher the rate goes. or the loans stop. But if they stop people cry unfair. And how much in taxpayer dollars have gone to bank bailouts (or unpaid student loans), whether legit or not? So yes, I pay for your defaults either in interest rates or taxes.
The banks shouldn't have been bailed out. They made their bed (loans they shouldn't have) they should have been allowed to lie in it. It's as much their fault as the people who couldn't repay.
05-01-2014 | 01:20 PM
#59
Gets Weekends Off
Joined: Dec 2013
Posts: 2,578
Likes: 76
Never said I took out a loan I knew I couldn't pay for. But thanks for putting words in my mouth... Great character on your part. I had every intention on paying it off. I paid $666 a month for 2 years straight. Things happened in my life to where if I didn't use the money for other things than I would have been homeless. So, yeah I am responsible. Would you want a homeless pilot flying you around? I reallocated my funds to keep my head above water. I'm not going to read the OLD gouges on Delta, because they are just that... Old. Times have changed, get out from under your rock. Like I said before, in most states, it is illegal to pull credit reports for jobs.
05-01-2014 | 01:23 PM
#60
Gets Weekends Off
Joined: Jun 2008
Posts: 939
Likes: 0
so let's say someone's credit isn't stellar. Not because they are irresponsible but because of lack or credit, immature credit etc. He gets charged higher rate because OTHER people with his credit rating have failed to pay, not because HE is not expected to pay back. If he wasn't expected to pay back he wouldn't been given the loan in the first place.
Thread
Thread Starter
Forum
Replies
Last Post
