I'm in severe debt and I work in a bank!!!

pania

bjones2007 wrote: »

There is nothing at all about credit or credit ratings on here, that I can see.

Tebbly sorry, trying my hardest..;)

bjones2007

pania wrote: »

Tebbly sorry, trying my hardest..;)

No not at all. Thhat wasn't meant personally to you!

I do appreciate you trying, but I'm extremley scared and if I don't see something then I just ask.

Please forgive my enthusiasm!

pania

not a problem at all hon. xx that other one should prove useful.

please don't be scared. I've been placed at risk of redundancy/ firing twice in the last 2 months (one for lack of performance when the whole bloody company is unperforming so why me!!) and i understand how terrrifying it can be. i am looking at other options outside of mortgage advice and also at linked careers such as trainee financial advisor, paraplanner and insurance advice. just remember "as one door closes another door opens" look for that door along with this opportunity and try to see another way out.

Firmly in your camp on the scared factor hon, i believe there is a way out, hang on in there.

bjones2007

I will fight my hardest. However i have been told that all banks are the same when it comes to adverse credit.

I just wish there was something more I could do to try and save my career, as I really need this job!!!

pania

have you considered a brokerage? or estate agency work? what about a self employed option?

doelani

You need to check your contract and/or company handbook. I worked for a bank when we realsied we were in trouble, I was not regulated by FSA so only stipulation was I could not go bankrupt. In the end I told my line manager and he had never dealt with it before but came back with " as long as you are dealing with it we are happy to continue your employment. " he did say that as I was in financial difficulties more audits would be done on my transactions but I was ok with that as nothing to hid.

If I had been in FSA regulated position would have been different.

Turned out anyway I decided to leave before date of my IVA although my employer insisted I did not have to. I think all banks are different and only your employer can tell you how it will effect you. Do you have a confidentail employe helpline you can ask for advice about the matter? We did and it was anonymous.

bjones2007

I am going to a new employer-Cheltenham and Gloucester and therefore I am not a current employee there.

doelani

bjones2007 wrote: »

I am going to a new employer-Cheltenham and Gloucester and therefore I am not a current employee there.

sorry missed that bit , should not try and read threads so late at night lol

blondescorpio

Hey - don't know if this will help you -

With the introduction of the Financial Services and Markets Act 2000 (FSMA), the Financial Services Authority (FSA) requires the firms it regulates to adhere to stringent recruitment processes.
The FSA states in their Training & Competence guidance that regulated firms should have:

• Adequacy of procedures for taking into account knowledge and skills of potential recruits for the role
• Adequacy of procedures for obtaining sufficient information about previous activities and training
• Adequacy of procedures for ensuring that individuals have passed appropriate exams or have appropriate exemptions
• Adequacy of procedures for assessing competence of individuals for sales roles

The FSA’s statutory objectives
1. Protecting consumers
2. Maintaining market confidence
3. Promoting public awareness
4. Reducing financial crime

To meet their statutory objectives, the FSA expects regulated firms to employ only competent and honest staff, and to screen anyone going into an approved function. This means that certain roles of significant influence and staff who advise customers would fall under the approved persons regime and would therefore have to be approved by the FSA to be fit and proper for their role

bjones2007

Does anyone know if the FSA has any specific guidelines on someones credit?

Further does anyone know Lloyds TSB group's exact policies around this matter?