Question Regarding Credit Report And Licensing In Florida

ACGUY

I'm preparing to activate H.V.A.C. license in florida and my question regarding my credit report is; My credit is good, I have a credit score of 698, but I have a high debt to credit ratio, meaning I have alot of debt. I'm also planning on incorporationg a new company. How will this credit issue affect the application process. Can I be denied for this? Thanks for your response.

Agent Ezzard

Score does not matter. They will get a report that will include a clerk of court report checking for judgments, leins, bankruptcies, etc. It will also iclude the usual items like collections and so on. As long as you do not have any outstanding judgements and leins then you will be granted a license if everything else is correct on your license application.

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CGC 1513036
CCC 1327978
CFC 1427616
CMC 1249932

yourhomepros

How did that work out for you? I am taking the CB test in Florida in Feb. I just lost my home in Michigan and am working on consolidating some credit card debt. Do you think they will deny me my license?

ChrissiJackson

As it currently stands, the only credit report information that will cause a problem with your application are current, unresolved bankruptcies, liens or judgments against you or the business that you will be qualifying. In fact, current credit reporting requirements do not include an actual credit score. The board is discussing other ways to tighten up applicant's financial requirements, but as of right now this is all that is being enforced. Good luck on your exam!

License Guru

Good to see you posting here Chrissi.

Hey Florida contractors..... Chrissi and Kristie are your go-to team for your florida license. If you need help in FLA... call them first!!!!

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Phil Cocciante
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xeon1000

How long do you think before the board tightens up on credit requirements?

ChrissiJackson

Thanks Phil Back atcha for California!

Xeon, there is nothing certain at this time, but speculation is that things may tighten up in about 3 months. There is a rule on the books right now that will require a bond if the applicant doesn't have a high enough credit score. That rule currently is not being enforced. The CILB is currently working on completely revamping the application forms with an anticipated release date of May or June. When the new forms are released, we have been led to believe that the credit score rule will begin to be actively enforced.

Nothing is for certain at this time, it's all speculation...but it's the best we have to go on for now.

Hope this helps...

revbuilder

As of Oct. 2011, is this pretty much still what they're looking for in a credit report?