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Camming on your Credit Report?
I used the search function and didn't see this in any threads, but if this has been addressed, please accept my apology upfront and send the link.
I am strongly considering webcamming for work, and I have read the various ways of it not being on background checks (because you're an independent contractor and can claim something vague on taxes), but what about your credit report? According to the Federal Trade Commission, your credit report shows "how you pay your bills," will this show up as the name of the company that is paying me? So if I worked for Streamates, would it say "Streamates"??
Has anyone received a copy of their credit report since they've been camming? If so, what did it say?
Any relevant info would be helpful! :)
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Re: Camming on your Credit Report?
IMO I don't think Camming will not show up on your credit report at all because you are not employed by the company. You are an independent contractor. Also as far as I know there is no way to track your income from Streamate because aren't they in another country??? They don't have to abide by tax rules in the U.S. They don't even give a 1099. I checked my credit report last month and there were no camming sites on there, but I was looking for them either. In my past experience, there aren't any of my jobs on my credit report unless I applied for credit while working there. So the only jobs that I have on my credit history are the ones I had when I applied for a credit card or purchased a car, or something like that. But this isn't technically a job, Im self employed.
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Re: Camming on your Credit Report?
Jobs on a credit report is lame.
NOT PAYING YOUR BILLS IS WHAT IS REPORTED TO TO YOUR CREDIT. (that is simple thought)
Pay your taxes, keep itemized books, a personal accountant.
You can name your business what ever you want.
ASK THE PERSON WHO DOES YOUR TAXES????!!!!
*banging my head against the wall*
Are you a adult? Pay your taxes!
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Re: Camming on your Credit Report?
http://irs.com
Here is your link
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Re: Camming on your Credit Report?
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Originally Posted by
milliauna
I used the search function and didn't see this in any threads, but if this has been addressed, please accept my apology upfront and send the link.
I am strongly considering webcamming for work, and I have read the various ways of it not being on background checks (because you're an independent contractor and can claim something vague on taxes), but what about your credit report? According to the Federal Trade Commission, your credit report shows "how you pay your bills," will this show up as the name of the company that is paying me? So if I worked for Streamates, would it say "Streamates"??
Has anyone received a copy of their credit report since they've been camming? If so, what did it say?
Any relevant info would be helpful! :)
If you continually deposit checks from the company into your bank account (or do direct deposit), then likely yes. If you tell anyone on any application where you get your money, or if your landlord sees where its coming from (check stub, direct deposit or bank statement) and puts that as your employer, then yes.
And yes, multiple girls have also seen the webcam companies listed as their employer on their credit report, even when they haven't done any of the above.
There are multiple threads on this. Search function.
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Re: Camming on your Credit Report?
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Originally Posted by
DIAMONDLOVER
They don't have to abide by tax rules in the U.S. They don't even give a 1099
Streamate still reports all your earnings to the IRS. 1099s don't matter. That info is still legally required to be reported to the IRS from the company. Regardless of which country they operate from. The ones who don't report this required info are the ones who are shut down without warning, or are shady to begin with. That's why they require your social security # or EIN # before you can even be approved for an account.
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Re: Camming on your Credit Report?
One good thing is that the company names don't scream CamSite Porn XXX, they tend to have a discreet name on the paychecks. Niteflirt, for example shows up as NF Services. Kinkbomb is KB Media. People outside the industry would have no idea what those companies are.
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Re: Camming on your Credit Report?
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Originally Posted by
Lacy Luck
People outside the industry would have no idea what those companies are.
But if googled, they will know EXACTLY what it is. Other people have asked on forums and stuff "What is KB Media" or whatever "discreet" company, and then you see a bunch of comments saying "KINKBOMB! Porn video site!!!" etc.
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Re: Camming on your Credit Report?
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Originally Posted by
Lacy Luck
One good thing is that the company names don't scream CamSite Porn XXX, they tend to have a discreet name on the paychecks. Niteflirt, for example shows up as NF Services. Kinkbomb is KB Media. People outside the industry would have no idea what those companies are.
I agree with this.
And as I have said before - as a general rule, the people that are looking at your credit report don't care what you are doing. They care that you are paying bills, paying taxes, not racking up debt.
The only people that would legitimately look at a credit report would be banks or businesses who may give you a loan (i.e. car companies for a lease, credit card companies, etc) or possible landlords. These people probably WILL NOT KNOW what "streamate" "NF services" etc etc are. If they do, they probably don't care. If they really care, well, do you WANT to have your home in the hands of someone who is prying into your life? I sure don't.
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Re: Camming on your Credit Report?
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Originally Posted by
GlamourRouge
Streamate still reports all your earnings to the IRS. 1099s don't matter. That info is still legally required to be reported to the IRS from the company. Regardless of which country they operate from. The ones who don't report this required info are the ones who are shut down without warning, or are shady to begin with. That's why they require your social security # or EIN # before you can even be approved for an account.
:O Shocking, I didn't know they still report your income. Well no worries for me anyway I file my taxes with my self employed income because it helps when you want to purchase things. I use my tax return as proof of income.
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Re: Camming on your Credit Report?
As far as I'm aware your employer isn't on your credit report. I request mine once a year and have yet to ever actually see an "employer" at all. All my credit cards are on there, my student loans, my car loan, a medical loan and two bills that I couldn't pay all at once and had to put on payment plans.
On your taxes you're the one who writes an employer down so you can say whatever you want. Technically we are 1099 contractors and don't have an employer, so I put down that I'm a self employed "entertainer" of class, "model, actress" and that's all you need.
If your bank account is one that saves check images from deposits (and most aren't) you will see the names of the payers on those but who would you be giving access to your bank account, right?
There's a small chance that a background check might be able to turn up employer records from the 1099s the companies file. If you have signed up on sites that made you fill out a 1099 form to work that's *possible* but like Lacy mentioned, they have discrete company names and the person who would be googling your employer names would be *seriously* into a background check. That'd be hard core, like a check for a top secret clearance or maybe a very thorough childcare job.
;) Lastly, there have definitely been a lot of threads about this before. The search button is your friend.
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Re: Camming on your Credit Report?
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Originally Posted by
ManyRoses
as a general rule, the people that are looking at your credit report don't care what you are doing. They care that you are paying bills, paying taxes, not racking up debt.
A new potential employer would care. Because all markets are so flooded, they look for reasons to cross applicants off their *maybe* list. Banks care, landlords care, as they don't want you to hide anything (not listing them could be considered hiding it in their eyes), and will probably ask or try to google for contact info, for verification, clarification on what you do/approx amounts you receive, or as a required reference for you if they see it. Especially if only 1 or 2 sites are listed. If tons are listed, I don't think they'd be so inclined since they would see it as multiple income streams.
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Re: Camming on your Credit Report?
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A new potential employer would care. Because all markets are so flooded, they look for reasons to cross applicants off their *maybe* list.
Yup ... not to belabor the point, but in an environment where straight job employers have tons of potential applicants to choose from, and an environment where potential 'problem' employees could 'cost' the employer a significant amount of money and grief ( legal fees re dismissal, training cost for replacement employee, damage to the employer's 'image' etc. ), they are putting more effort than usual into pre-employment investigations. Part of that can very well involve checking the credit reports of potential new employees, as well as google searches, social website searches, private database searches etc.
For some sorts of jobs, especially those involving the 'public trust' ( i.e. working with other people's money, other people's children, other people's bodies ), pre-employment investigations may be even 'deeper'. The fact that adult webcam work may very well come to the attention of potential future straight job employers is undoubtedly something that webcam girls may need to keep in mind ... and especially so if their future straight job career path involves the 'public trust' i.e. teaching, finance, legal / LE, medical, etc.
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As far as I'm aware your employer isn't on your credit report
If no official employer is directly reported to the credit bureaus, their computers will nonetheless attempt to identify a probable 'employer' via available financial data. The issuance of 1099's, patterns of regular check deposits or bank funds transfers etc. may indeed cause credit bureau computers to identify and list a 'probable' employer ... which could very well show up as 'streammates' on the credit report. Even if a potential straight job employer isn't aware of what working for streammates actually respresents, the listing of streammates as a (probable) former employer on an applicant's credit report, but failure of the applicant to list working for streammates on their straight job application work history, may lead to awkward questions or potential employer distrust of the applicant.
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Re: Camming on your Credit Report?
just from what i know, dont quote me on anything, your credit report doesn't show your employment history, or where you cashed your checks, from what company etc... Alls it shows is someones past borrowing and repaying history. If you took out a loan, it'll be there, if you didn't pay a phone bill and it's overdue in collections, it'll be there. It's just how well you paid for things, and if you have any negligent accounts. From my experience, most jobs won't ask for a credit score. Background check yes, but not credit score for most professions. As for landlords, lenders, etc... they just want to see your credit score and if you have an negligent accounts or are in debt. Most things that require a credit report just focuses on the credit score. it's only when you have negligent accounts that they'll start looking deeper.
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Re: Camming on your Credit Report?
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Originally Posted by
GlamourRouge
A new potential employer would care. Because all markets are so flooded, they look for reasons to cross applicants off their *maybe* list. Banks care, landlords care, as they don't want you to hide anything (not listing them could be considered hiding it in their eyes), and will probably ask or try to google for contact info, for verification, clarification on what you do/approx amounts you receive, or as a required reference for you if they see it. Especially if only 1 or 2 sites are listed. If tons are listed, I don't think they'd be so inclined since they would see it as multiple income streams.
I have NEVER had an employer ask for a credit report - I've actually never even heard of this!! Is this common in the US? I would be pretty appalled if an employer asked for my credit history - they should be looking at employment history only.
And as for landlord and banks - honestly, banks work out loan applications based on numbers. And only numbers. If your credit score is good, if you can show regular income, regular payments etc, it does not matter who your employer is. If you have a solid credit history, long-term employment with multiple sites and decent savings, you won't be turned down for a loan because you have a "dirty" job. The only difference is the difference between being self-employed and not - many banks will have higher interest rates and larger deposits required for self-employed people, but that is nothing to do with the type of work you do. Its the same for cam girls and authors/personal trainers/freelance designers/etc etc.
I know that there are a few landlords that will really care about your profession..and personal life. And these are the WORST landlords. Rather than caring about good references from previous landlords, good credit and good proven behavior, they work on personal bias and whether they personally like "you". I would never, ever, want my home to depend on someone who does this. I want my home to be in the hands of people who don't care what you do or who you are as long as you are relatively quiet and pay your bills on time.
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Re: Camming on your Credit Report?
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Originally Posted by
ManyRoses
I have NEVER had an employer ask for a credit report - I've actually never even heard of this!!
http://jobsearch.about.com/b/2011/10...dit-checks.htm
http://articles.moneycentral.msn.com...you-a-job.aspx
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Re: Camming on your Credit Report?
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Originally Posted by
GlamourRouge
Holy crap.
Is this new? Is this just a US thing?
I used to work in recruitment before I started working in the adult industry, and unless you would be working for a serious financial institution, you would absolutely not be asked for a credit check. This was in the UK, and admittedly, several years ago now, but I am still really surprised. :O
I've worked in offices, retail, personal services, hospitality and the restaurant industry, and this has never come up - even working through agencies. I've also, really, never had any friends or family have this happen, and I have friends who work in government and politics!!!
Well, all I can say is that I stand by my remarks about banks and landlords only caring to see that you can pay bills, and I am SERIOUSLY glad that I will never be looking for a job in the US. (At least, not one that would ever require this - tattoo artists work off portfolios - we don't even usually get resumes!).
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Re: Camming on your Credit Report?
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Originally Posted by
ManyRoses
Holy crap.
Is this new? Is this just a US thing?
I used to work in recruitment before I started working in the adult industry, and unless you would be working for a serious financial institution, you would absolutely not be asked for a credit check. This was in the UK, and admittedly, several years ago now, but I am still really surprised. :O
I've worked in offices, retail, personal services, hospitality and the restaurant industry, and this has never come up - even working through agencies. I've also, really, never had any friends or family have this happen, and I have friends who work in government and politics!!!
Well, all I can say is that I stand by my remarks about banks and landlords only caring to see that you can pay bills, and I am SERIOUSLY glad that I will never be looking for a job in the US. (At least, not one that would ever require this - tattoo artists work off portfolios - we don't even usually get resumes!).
I think they do it routinely without asking or making it known they are doing it. I think they just include it with allowing them to do a background check.
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Re: Camming on your Credit Report?
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Originally Posted by
milliauna
I used the search function and didn't see this in any threads, but if this has been addressed, please accept my apology upfront and send the link.
I am strongly considering webcamming for work, and I have read the various ways of it not being on background checks (because you're an independent contractor and can claim something vague on taxes), but what about your credit report? According to the Federal Trade Commission, your credit report shows "how you pay your bills," will this show up as the name of the company that is paying me? So if I worked for Streamates, would it say "Streamates"??
Has anyone received a copy of their credit report since they've been camming? If so, what did it say?
Any relevant info would be helpful! :)
To answer your original question, the only way a camming company will show up on your credit report is if you (the credit applicant) list your camming job as an employer when you apply for any type of credit. Credit reporting companies (equifax, experian, transunion) do not look for your information, it is always reported by some entity. In this case, it is the creditor who is reporting your employment history based on the information you provided on the credit application.
For example, if you go purchase a car and you need to provide proof of employment and you put that you work for NBC then this is what will be provided to the credit reporting agencies and thus will be your on credit reports. If you tell them you work for Streamate then that's what will be on your credit report. Now of course you need to be honest but the degree of honesty is up to you. You can say you're an independent contractor but you would still need to be able to show proof of income to the company you're trying to obtain credit from but the credit reporting agencies really don't give a damn. They only receive information and then report that information. This is a link to experian's website that basically discusses how employers are reported on your credit report.
http://www.experian.com/ask-experian...it-report.html
I haven't applied for a new line of credit in 4 years. Therefore when I pull my credit report annually, it always shows that I work for the same company that I did in 2007 even though I've had 3 jobs since then.
Also your taxes and your credit report have nothing to do with each other. They are 2 separate reports and provide 2 different types of information from 2 separate entities. Hope this helps
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Re: Camming on your Credit Report?
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the only way a camming company will show up on your credit report is if you (the credit applicant) list your camming job as an employer when you apply for any type of credit. Credit reporting companies (equifax, experian, transunion) do not look for your information, it is always reported by some entity.
Unfortunately this isn't totally true any longer. If an employer is 'officially' reported, the credit bureaus will list that employer. But if no employer has been 'officially' reported, rather than leave a blank they will attempt to determine a probable employer from reported financial data. This is how some webcam girls ... who don't have 'straight' jobs thus no 'officially' reported employer ... wind up with Streamate being listed on their credit report. But granted that if a previous 'straight' job employer had been reported to the credit bureaus their computers won't need to go analyzing reported financial data to try and 'fill in the blank'.
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I think they do it routinely without asking or making it known they are doing it. I think they just include it with allowing them to do a background check.
yes it is now a routine procedure for prospective US straight job employers to check credit reports of job applicants without asking for specific permission from the applicant, and without specifically informing the applicant that they are going to do so. The 'fine print' of the signed job application provides all the legal 'permission' required.
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Re: Camming on your Credit Report?
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Originally Posted by
GlamourRouge
I think they do it routinely without asking or making it known they are doing it. I think they just include it with allowing them to do a background check.
It's actually illegal to run a credit check on you without informing you.
From the 1998 FTC opinion letter Greenblatt at http://www.ftc.gov/os/statutes/fcra/gree…
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"Any person who procures a consumer report under false pretenses, or knowingly without a permissible purpose, is liable for $1000 or actual damages (whichever is greater) to both the consumer and to the consumer reporting agency from which the report is procured."
Adding a tiny little line to the bottom of the background check saying that you authorize them to check, "any and all sources" or "sources at their discretion" or something is totally consent as far as their concerned. So if you are filling out a background check, ask what they're going to look through, or just assume that they'll find any and everything.
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Re: Camming on your Credit Report?
Okay, asked the man creature, who is a boss and has been buying, selling and running businesses for decades now. He says that I'm allowed to quote him as long as I say, "your mileage may vary" and let everyone know that this is just his personal experience as a CEO.
On background checks:
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It's more and more common for an employer to do a full background check with credit report. [One of his partners in the firm] just launched and developed a product and service that makes it extremely easy for employers to do just that. However. It's not cheap. There's no reason to do it unless you've got a significant investment in an employee of time or resources or if that employee will have a very public job. Most small businesses couldn't afford it and would have no reason to do it but that's not to stop a very paranoid employer from doing it.
I asked him when he'd think to do it for an employee. He said, "if she was working with large amounts of money, if we were hiring her as a manager, if she were a public face, like sales or marketing, if she were in any way involved with our government clients."
On taxes:
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Anybody who is paying you over 600 dollars a year is going to file a 1099 for you. Your employer will give you a 1099 when you're hired and they have to match the corresponding thing the employer sends the IRS...They WILL report every dime they pay you. Tell your friends to not even think about fudging it.
I asked him though, if the site is going to show up on your taxes
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They're required to send you the 1099 for that year (if you're an employee they send you a w2 or w4, I forget which one it is, and if you're not an employee they send you a 1099) and you've got to attach that to your taxes as proof of income when you file your taxes.
"But you don't have to say, 'Streamate paid me this much' on your taxes."
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Oh no no. You just have to put down what you made for the year from what income streams. Main job here, selling things on ebay there. You describe what you do and what you make, it just has to match. The proof of your income is in your tax returns. You shouldn't have to bring all the prepared tax papers to someone [meaning the person who is asking for proof of income], just the tax return papers. There's nothing stopping someone from saying, "I want to see your tax returns and the last five pay stubs you have" but there's also nothing stopping you from saying no or moving on to another landlord. You make a choice.
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Re: Camming on your Credit Report?
Ok and now, since this thread has gotten me thinking and slightly worried I went and checked my credit report. Since I started modeling in 2002/2003 I've reported myself as "Self Employed" as a model. When I added web design to my skills I changed that to, "Self Employed" as a web designer. In 2008 I went to work with a local temp agency (also as a 1099 contractor) for two years and I put them down as my employer with my health insurance, car loan and at a few doctors offices.
Perhaps it's because I'm a 1099 contractor but all my employment history shows up as blank. Experian had no "employer" section but Equifax and Transunion both had "Employment History" and both said that there was nothing for me. All of them, however, had a long list of addresses for me ranging back to 2000 (in varying states of accuracy) and Equifax and Experian had a few different phone numbers for me. Not either of my current phone numbers, but two were actually ex boyfriends' phone numbers.
Wall Street Journal has this to say about credit reports:
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Employment history, which is sometimes included in the identification section of a credit report, “doesn’t count in your credit score and doesn’t have a negative effect on your credit at all,” says John Ulzheimer, president of consumer education at Credit.com. ...most consumers have outdated employment information on their credit reports, says Norm Magnuson of the Consumer Data Industry Association, a trade group for the credit-reporting industry. If having the information on there is bugging you, you should contact each of the three national credit reporting agencies (TransUnion, Equifax and Experian) to have employment information removed, says Ulzheimer.
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Re: Camming on your Credit Report?
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Originally Posted by
IsobelWren
Ok and now, since this thread has gotten me thinking and slightly worried I went and checked my credit report. Since I started modeling in 2002/2003 I've reported myself as "Self Employed" as a model. When I added web design to my skills I changed that to, "Self Employed" as a web designer. In 2008 I went to work with a local temp agency (also as a 1099 contractor) for two years and I put them down as my employer with my health insurance, car loan and at a few doctors offices.
Perhaps it's because I'm a 1099 contractor but all my employment history shows up as blank. Experian had no "employer" section but Equifax and Transunion both had "Employment History" and both said that there was nothing for me. All of them, however, had a long list of addresses for me ranging back to 2000 (in varying states of accuracy) and Equifax and Experian had a few different phone numbers for me. Not either of my current phone numbers, but two were actually ex boyfriends' phone numbers.
Wall Street Journal has this to say about credit reports:
Did you list the temp agency as your employer on your taxes or on a credit application? This is what I was saying in my original post. If you don't list your jobs on a credit application then it won't appear on your credit report even if you report it on your taxes. The two aren't linked. Credit reporting agencies get their data from the creditor. They don't look for employment data on you. They just use what is provided. The phone numbers and addresses probably came from when you originally applied for credit and this is what they are using.
Also keep in mind when you update information with a creditor they report that as well. You know how when you call in to your bank or your mortgage company and they ask you verify your name, address, phone number, well this information is maintained by the company. Also they may say something like "are you still working at XYZ company?" IF you update that information, then they will more than likely at some point update with Equifax, Experian, transunion. When they report your payment history, they will also report any updated address or phone number changes. So that's another way they could be getting old addresses or phone numbers.
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Re: Camming on your Credit Report?
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Originally Posted by
Melonie
Unfortunately this isn't totally true any longer. If an employer is 'officially' reported, the credit bureaus will list that employer. But if no employer has been 'officially' reported, rather than leave a blank they will attempt to determine a probable employer from reported financial data. This is how some webcam girls ... who don't have 'straight' jobs thus no 'officially' reported employer ... wind up with Streamate being listed on their credit report. But granted that if a previous 'straight' job employer had been reported to the credit bureaus their computers won't need to go analyzing reported financial data to try and 'fill in the blank'.
I'm not sure if you're we're saying the same thing or 2 different things. But I stated in my original post that yes, if a borrower provides an employer on their credit application then it will show on their report so we agree on that. Now it seems you're also saying that the credit bureaus will make an attempt to "fill in the blanks" in their employment history if there is one. I don't know that be true nor does it indicate that in the link I provided from an actual credit bureau. I have actual jobs that should be reported but are nowhere on my credit reports because I've never had a reason to provide that information to anyone. I could be wrong. I would love to see where you obtained that information cause that definitely would change the game a if credit companies go look for random information to put on your credit report without it being provided by anyone or without a dispute being initiated.
What would be their reasoning for doing such? The agencies don't really care where you work. It's the company providing the credit or a potential employer that care. I've heard of companies that provide background checks who do extensive "research" to find out your employment history but never a credit bureau. It just doesn't serve them to do so. But again I could be wrong. would just love to see that in black and white. My brother-in-law hasn't had an "official" job in 12 years and no one ever questions that. It is accepted that he is self-employed. Heck my stripper friends don't even go through that and they've been in the game a looong time.