Question for IT contractors

For all the IT contractors, do you have a hard time getting financed for a car or home loan? just curious as to what things are like in relation to that aspect of contracting.

Find more posts tagged with

SAVE $250 on Your Boot Camp — Use Code "EXAM26"

Exclusively for TechExams members for Infosec Boot Camps starting before April 30, 2026

View Boot Camps

Comments

22306

im a contractor and i live in va but i never had to take any loans but i have a friend who was a contract and took a loan for a car and he had no problem at all.

da_vato

As long as your credit score is decent and your debt to income ratio is OK you should be good. Banks don't know if your a contract worker for 6 months at a time or a tenured careerest.

Techguru365

ok, well that's good to hear. It's nice being a IT guy up in NOVA huh? seems like thats where the bulk of the jobs are

Techguru365

da_vato wrote: »

As long as your credit score is decent and your debt to income ratio is OK you should be good. Banks don't know if your a contract worker for 6 months at a time or a tenured careerest.

ok, cool. I feel more reassured hearing that, cuz at the rate things are going, seems like its mostly contract IT jobs being floated around.

22306

well i work in MD but live in va..as you can tell from my username i live in 22306

Techguru365

i saw that. do you find that most of the jobs up there require a secret clearance?

22306

not really but now a days companies here arent willing to pay for you to get SC!!!

Techguru365

yea, i hear you. Its a sad state of affairs, companies realize that there are more workers than jobs and they are using that knowledge to milk the h*ll out workers.

22306

i cant wait till i finally get my bs and get the hell out of tier 1

Techguru365

goodluck on both fronts. I am trying to get back into IT after a hiatus, but seems like you got to know someone in order to have your resume looked at. Cant even get a tier 1 interview lol

22306

send me your resume and ill see if the company i work for has an opening..i got couple friends jobs and yes i knew someone in the inside but my resume got me the job tho