I am a Canadian attending a law school in new york and am looking to be admitted to the NY bar in the future.
I had let my student loans for undergrad get defaulted due to some stupid payment issue. However i immediately rectified the situation by paying back the loans, got my loans rehabilitated asap, and have now fully repaid the loan with no other credit issues. i have 0 loans now.
I have 2 questions:
1. will a past default cause me trouble for the NY Bar? I've looked at the NY Bar questions and the questions asked in relation to financial matters seem to be in the present tense, eg. Are you currently in default...Do you owe...
Am i required to disclose my previous default? Also I do not have a US SSN since I am canadian. Would the bar be checking up my canadian credit history?
2. Will biglaw HR run a credit check and ding me for a default even though i have 0 loans now? Would they even be checking canadian credit history?
Any help is much appreciated. thank you.
Loan default. In trouble? Forum
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hmlee
- Posts: 365
- Joined: Sat Dec 06, 2008 8:12 pm
Re: Loan default. In trouble?
I doubt BigLaw HR will care about a past default that has been rectified. Might be a different matter if you were currently in default / on the run from creditors, but even that I'm not sure about.
As to the bar - they might find it. I don't know if the NY bar requires disclosure or not, but the C&F forms are usually pretty clear, so you should know when you fill it out. Worst case you can always give them a call. I also highly doubt that your past situation will automatically ding you. At least in Illinois, even people with serious financial problems are given an opportunity to at least talk to a C&F person and explain the situation. If it's been rectified and you're not currently doing the same thing with other loans, I wouldn't worry too much.
As to the bar - they might find it. I don't know if the NY bar requires disclosure or not, but the C&F forms are usually pretty clear, so you should know when you fill it out. Worst case you can always give them a call. I also highly doubt that your past situation will automatically ding you. At least in Illinois, even people with serious financial problems are given an opportunity to at least talk to a C&F person and explain the situation. If it's been rectified and you're not currently doing the same thing with other loans, I wouldn't worry too much.
