How can a felony conviction have an impact on a person's credit rating?

I heard about a felony conviction having an impact on a person's credit standing. How long will that last? Can you explain this in detail?

How can a felony conviction have an impact on a person's credit rating?
"Your felony conviction becomes part of a background check that goes into your credit score. Even if you have a job, and can afford a car, your ability to finance it is greatly lessened. Your ability to buy a car is dramatically reduced,"
Reply:I read the same link and I'm not convinced whatsoever. Report Abuse

Reply:I also suspect point gaming is taking place here because the answerer used the website to justify the asker's position. Rather than the asker posting the website and creating discussion, asker looked for answerer to post website for 10 easy points. Report Abuse

Reply:I would not put much credit in what a group of disgruntled ex-police and Vietnam veterans have to say about the status of felons in America today. Yes. felons have had a lot of rights taken away from them and many states are discussing restoring such rights like the right to vote. Slaves didn't have the right to vote but if one is convicted for having a marijuana joint - so long rights.





Credit checks and background checks are two SEPARATE items. If you're buying a car, the person is going to perform a CREDIT check and as long as you haven't filed for bankruptcy or have tons of civil judgments - you have nothing to worry about. If you have credit issues which existed before or after your conviction, your credit will be judged based on that criteria NOT your criminal record.





The credit bureaus do not monitor criminal records and even if one can cross check social security #'s - a bank has no right to perform a background check if you haven't authorized them to do so. If you were buying a Mercedes with a suitcase full of $100 bills, then maybe the dealer has a right to be concerned and contact the IRS so long as you can prove that the money is legitimately yours.





If you get pulled over in Louisiana, then be prepared to hand over your cash to the orphans of Napoleonic law.





The moral is that life goes on when you have a felony conviction. You are not the only one with a felony conviction. Many have succeeded and others have returned to prison. There is no free lunch in this globalized economy - either make something of yourself or have the taxpayers spend $40,000 a year to give you 3 meals a day and a chance to be stabbed by an Ayran, Mexican, Black Mafia or any other prison gang in the US. Your call....
Reply:Most criminal records, such as information about indictments and arrests, may be reported for up to 7 years. However, records of criminal convictions may be reported indefinitely.





What is important to know is, that even though the law states that records are to be deleted after 7 years, if you apply for credit or life insurance in excess of $150,000 or if you apply for a job that pays an annual income of $75,000 or more, negative information may still be reported beyond the 7 year limit.





The 7 years start from the date of 'last activity'.





Keep in mind that a credit bureau is a record of your past. It is used by interested parties as a measure of a person's creditworthiness and personal character.





If you have a criminal conviction, you cannot run from it. Facing it head on and putting it behind you and rebuilding your character over again is the best you can do.





It is a tough situation, but it is one that can be overcome with time and your personal actions of good works. Re-building a good credit record is exactly like re-building a good reputation.





Be honest and sincere with the people you come in contact with and present them with your best. If you get declined for credit or turned down for a job, move on and keep fighting to improving yourself and adding to your good reputation.





It is essential that you create a good relationship with your bank by maintaining a checking account, savings account and a money market account. Keep them all in good standing.





Take it one day at a time and it will eventually work out. All in good time.
Reply:only if you dont pay your fines. but besides that, hogwash i tell ya!
Reply:foreverrrrrrrrrrrrrrrrr
Reply:I DON'T have a felony!One thing I do Know is that we DON'T live in a society where you are able to "pay your dept to society", they say you do when you do your time,so why can't they vote?And why is it that a felon has to check in with the Las Vegas police within 4 hrs. of arriving to town?And then carry a pink card which they have to whip out if any authority asks who they are?(they have to give up the card before the ID)I've paid cash for everything all my life,I can't get crap without going into dept,but I can't go into dept because I'm not in dept! Your "credit" is supposed to cycle every 7 yrs. I believe, but I've got stuff on my "credit" from 1994 still.
Reply:If you don't pay your court fines or if your bills fall behind since you are incarcerated it would impact your score. Other than that, you'll be okay. The credit score is not the same as a background check.





The items which go delinquent will stay on the report for 7 years (10 for a bankruptcy).