Please Help - Credit Checks for Job App

Iloveprettythings

goodgrief42 wrote: »

Hi,

Well done in finding another job.

I also work in financial services in london for a major bank. I also dont handle money but had to undergo a credit check. They asked the same questions as you, "are you bankrupt, any CCJs or formal arrangements".

I ticked no and did NOT detail all my bad debt. I have several defaults on my file.

Like you, I am NOT on a formal arrangement. I have set up DMPs with my creditors myself.

The formal arrangements they refer to are IVAs, DRO's CCJs and bankruptcys. Of which I had none.

These formal arrangements are also generally recorded on a register of sorts and can be seen by anyone doing a credit search.

Informal arrangments like your DMP are not registered anywhere. Your credit file will just show any late payments, defaults and possibly "arrangements to pay". The thing with informal arrangements is they can be anything from from very small e.g a few late payments to huge defaulted debt. Where do you draw the line? An employer may want to know about huge defaults but not a few late payments. So they wont want applicants detailing their life story of the ins and outs of late mobile phone payments.

Incidentally, I understood that the only companies that can view your FULL financial history are those that are assessing whether to lend you money. In other words your prospective employer is NOT considering a loan application and therfore will NOT be able to see all your late payme nts and defaults.

They will ONLY see the formal arrangments that have been registered seperatly such as CCJs (registered in court records), IVA/bankruptcys (registered on an insolvency database).

I think you will be fine as you have answered the question they stated. If they wanted to know all debt they would not have specified 'formal' arrangement.

If you are still worried is there any way you can call them anonomously (misspelt) saying you are calling on behalf of a friend that is interested in applying for a role but they have defaults?

Good luck and hope you like the job.

Hi and thanks for your reply

So I take it you were not dismissed from your job then although you had some debt?

That sounds optimistic....thanks

I too have read this elsewhere in the fact that I am not looking to borrow money they are just doing a search and I have been truthful.
I really hope its all ok.

Thank you

dfwsometimesoon

Hi sorry to drag this old post up...I have been wondering how you got on with job etc is all ok... I do have a slightly ulterior motive lol the job I applied for previously and bottled the interview has come up again and they have offered me another interview (application is seemingly kept active for 6 months) reading what goodgrief42 has written I am very very tempted to go for the interview and see how it goes...am hoping all went well with you and you are now in your new job?

Iloveprettythings

dfwsometimesoon wrote: »

Hi sorry to drag this old post up...I have been wondering how you got on with job etc is all ok... I do have a slightly ulterior motive lol the job I applied for previously and bottled the interview has come up again and they have offered me another interview (application is seemingly kept active for 6 months) reading what goodgrief42 has written I am very very tempted to go for the interview and see how it goes...am hoping all went well with you and you are now in your new job?

Hi everyone

So sorry for the late reply but I am still in the job. I will have been there 6 months soon. So it looks like I passed all the credit checks
Just thought I would let you know in case anyone else is worried about this.
Thanks for all your replies though.x

Shaunieww

Hi. I'm in the kinda the same situation. When I was in my early 20's I got myself into a debt situation. In late 2005 I entered a DMP with PayPlan. 2 weeks ago I applied for a job within lending control for a huge financial institute. I have been successful in securing a job, of course it's subject to level 1 referencing and satisfactory checks. I have been honest throughout the entire process, I told HR that I had completed my DMP back end of 2009. During my phone interview I mentioned it, and again during my 2 hour face to face interview. The offer of employment came the following morning following my interview. Like many of you I'm concerned that my DMP may scrutinise my offer. I now have a good credit rating, I have a car on HP, a credit card, current account and mobile phone. Do you think if have anything to worry about? Like I say I have been honest upfront, and during my screening forms I filled in the integrity forms telling the truth etc. thanks

happy_bunny_2

Shaunieww wrote: »

Hi. I'm in the kinda the same situation. When I was in my early 20's I got myself into a debt situation. In late 2005 I entered a DMP with PayPlan. 2 weeks ago I applied for a job within lending control for a huge financial institute. I have been successful in securing a job, of course it's subject to level 1 referencing and satisfactory checks. I have been honest throughout the entire process, I told HR that I had completed my DMP back end of 2009. During my phone interview I mentioned it, and again during my 2 hour face to face interview. The offer of employment came the following morning following my interview. Like many of you I'm concerned that my DMP may scrutinise my offer. I now have a good credit rating, I have a car on HP, a credit card, current account and mobile phone. Do you think if have anything to worry about? Like I say I have been honest upfront, and during my screening forms I filled in the integrity forms telling the truth etc. thanks

I don't know exactly what they look for, but in other similar processes I've been involved with its the being up front that counts for a lot.

Hope it goes well.

HB

Shaunieww

happy_bunny wrote: »

I don't know exactly what they look for, but in other similar processes I've been involved with its the being up front that counts for a lot.

Hope it goes well.

HB

I think I'll call the security agency tomorrow, I saw that in Friday they checked my credit file, so I'm hoping that they can tell me if it's okay. I mean everyone looks fine to me etc

Iloveprettythings

Shaunieww wrote: »

Hi. I'm in the kinda the same situation. When I was in my early 20's I got myself into a debt situation. In late 2005 I entered a DMP with PayPlan. 2 weeks ago I applied for a job within lending control for a huge financial institute. I have been successful in securing a job, of course it's subject to level 1 referencing and satisfactory checks. I have been honest throughout the entire process, I told HR that I had completed my DMP back end of 2009. During my phone interview I mentioned it, and again during my 2 hour face to face interview. The offer of employment came the following morning following my interview. Like many of you I'm concerned that my DMP may scrutinise my offer. I now have a good credit rating, I have a car on HP, a credit card, current account and mobile phone. Do you think if have anything to worry about? Like I say I have been honest upfront, and during my screening forms I filled in the integrity forms telling the truth etc. thanks

Firstly well done for getting back on track

I think you will be fine I mean surely as you have told them all this upfront and they know everything there is nothing to worry about.

Good luck in your new role