F&F IVA Question

milliemonster

gardenlady wrote: »

This in INCORRECT! Don't terrify people when you don't know the facts. A DMP would show up on a credit rating yes, but not the sort of check done by employers in this circumstance. Certain professions- eg accountants, police officers- are not allowed to go bancrupt, this is due to money laundering rules. Their professional bodies do not allow them to be bancrupt, so that is what they check for, they only check records in the public domain which show legal stuff IVA, bancruptcy, CCJ. A DMP is not a legal arrangement, it is an informal arrangement.

I am NOT terrifying anybody and what I have stated is CORRECT!, a DMP will show up on a credit report and I have stated that a DMP is an informal arrangement if you read my post properly!

YOU are incorrect that police officers cannot go bankrupt, they can but will be ineligible for promotion, so get YOUR facts straight before you start questioning mine

nellynottm

As a previous employee of a well known credit reference agency I would like to state that the only information an employer can see when they check on a prospective employee is public record information. Public record information includes CCJs, IVAs, Bankruptcy Orders etc along with whether the employee is on the Electoral Roll or not. Credit Account information is not public record information and based on the principle of reciprocity, employers will not be privy to this information. So, assuming that no CCJs are recorded as a result of the reduced payments in the DMP and only defaults are recorded then employers will not be able to see this information.

Where this all changes is, if as part of your employment contract they ask for you to obtain a full copy of your report and show it to them, then they will see the defaults however the key thing here is that you have to authorise this.

gardenlady_2

nellynottm wrote: »

As a previous employee of a well known credit reference agency I would like to state that the only information an employer can see when they check on a prospective employee is public record information. Public record information includes CCJs, IVAs, Bankruptcy Orders etc along with whether the employee is on the Electoral Roll or not. Credit Account information is not public record information and based on the principle of reciprocity, employers will not be privy to this information. So, assuming that no CCJs are recorded as a result of the reduced payments in the DMP and only defaults are recorded then employers will not be able to see this information.

Where this all changes is, if as part of your employment contract they ask for you to obtain a full copy of your report and show it to them, then they will see the defaults however the key thing here is that you have to authorise this.

Thats what I was trying to say- you said it better though!