mortgage career - question

holly_hobby

Ok, a CCJ is a court instruction for you to repay a debt, which means its a serious matter.

As a financial/mge adviser you have to be whiter than white, as you are giving finanical advice (in some form) to individuals - the fact that it appears the indvidual can't keep their own sheet clean is a concern for the FSA (I know ! .. righly or wrongly, depending upon how the poor soul ended up with poor credit).

If you can get the CCJ set aside - which would be down to the court - and will really only be sucessful if you can prove the CCJ shouldn't have been registered in the first place (not because it has been satisfied) then it disappears and you're left with the defaults.

Whether defaults will be discovered depends upon the type of credit search done, public domain (only CCJ would be revealled) or full CRA (the lot, warts and all, will be revealled) - and there are certainly some providers in respect of adviser positions, such as RBS group and Barclays group, who I know do perform a full CRA search, whilst Lloyds Group, I think, only conduct a public domian check.

Whether you advise face to face or over a phone is irrelevant with respect to adverse, if you are giving financial advice, then you have to be deemed to be fit and proper, its a regulatory requirement.

Indeed such searches are now routinely conducted for any position within which you have financial services responsibilities, so even working on say a credit card helpline, may trigger a credit background check.

I can see from your previous several threads that you have discussed your adverse and its effect on FS positions, and also explored going into I.T and other differing industry's - which given the financial circs may be the best current route for you to concentrate your efforts on (or at least until your adverse record has cleared itself up if your heart is set on F.S).

Hope this helps

Holly

myright

again thanks for your instrumental advice Holly! I'm so glad you checked everything for me! or else I could have wasted soo much of my time!

In terms of the CCJ, there might still be a small possibility for me to get it set aside, on the basis that the Student Loans company can write a letter to admit, they made a mistake with my application form when I was studying and consequently paid my debt to the university to rectify the problem. This will then hopefully allow me to obtain an additional letter of the university who can advice the court it was the SLC error which has been rectified . Hopefully this route might do the trick!

As of April , with fingers crossed that the CCJ will be removed, I will only have 1 satisfied default left on my account which will expire in . Due to the other one expiring!

Does the IF have any flexibilities for someone with 1 settled Default? Not long ago I applied for a job with a bank in a sales role, I passed the interview etc. and they were aware of the my CCJ which didnt affect anything as I had told them. Only problem was that I hadnt made them aware of the defaults, so they had to terminate the job offer. But that was my fault tbh. But this is an example of how flexible they were with me at the time. Maybe it's different with mortgages as it's much more serious.

holly_hobby

Sorry I obv can't comment on that, so you'd need to discuss this directly with the firm.

H

myright

thanks for that Holly I really do value all the detailed help you have given me!!!! deffinately very knowledgeable!