They may refuse. Seems like that would be a giant red flag. Did you list it as a past employer on the application to Swift?
You've owed this for five years? The interest may be as high as the principal by now, not to mention that it will ruin your credit for years.
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I'm set to start Swift cdl training next week. But about 5 years ago I went thru another mega carrier company sponsored training. Unfortunately after 11 months of working i quite just 1 month shy of my 1 year obligation. Needless to say that company still billed me full price ($4000) for the training. It's been in collections/on my credit report for some years now. So my question is will Swift refuse to hire me because of the old debt from another company from years ago? --Thanks in advance for your replies.
CDL:
Commercial Driver's License (CDL)
A CDL is required to drive any of the following vehicles:
Company Sponsored Training:
A Company-Sponsored Training Program is a school that is owned and operated by a trucking company.
The schooling often requires little or no money up front. Instead of paying up-front tuition you will sign an agreement to work for the company for a specified amount of time after graduation, usually around a year, at a slightly lower rate of pay in order to pay for the training.
If you choose to quit working for the company before your year is up, they will normally require you to pay back a prorated amount of money for the schooling. The amount you pay back will be comparable to what you would have paid if you went to an independently owned school.
Company-sponsored training can be an excellent way to get your career underway if you can't afford the tuition up front for private schooling.