He might also have been running off his past credit score. He was making 6-figures for decades, spending heavily on presumably his credit card, and always paid

He might also have been running off his past credit score. He was making 6-figures for decades, spending heavily on presumably his credit card, and always paid his bills. If the bank doesn't see the embezzled funds he was spending (and why would they when the funds belonged to the company), he probably looked like a great credit risk: a high-flying executive with a long sterling history who would no doubt get another great job after a few months of negotiation and had plenty of assets.