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Question for Financial Advisors
keyser123
Posts: 68 Forumite
Hi All,
I have recently completed CeMap and have my exams for Cefa 2, 3 and 4 coming up.
I'm a little worried as I'm only young and a few years ago I had 2 x defaults registered against me. They were only for small amounts and have been cleared since. I have a few items on my credit search that show payments have never been missed.
Are these going to end all hope's of becoming a Financial Advisor until they are removed from my credit search? If so, what other avenue could I look at doing with 2 x small cleared defaults that would take advantage of my qualifications?
Kind Regards
I have recently completed CeMap and have my exams for Cefa 2, 3 and 4 coming up.
I'm a little worried as I'm only young and a few years ago I had 2 x defaults registered against me. They were only for small amounts and have been cleared since. I have a few items on my credit search that show payments have never been missed.
Are these going to end all hope's of becoming a Financial Advisor until they are removed from my credit search? If so, what other avenue could I look at doing with 2 x small cleared defaults that would take advantage of my qualifications?
Kind Regards
0
Comments
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They can have a negative impact with some firms and it any outstanding CCJs would prevent you holding some control functions. However, they are only on their for a limited period so if they are historical, it shouldnt be a problem.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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I don't have CCJ's - just 2 defaults. I've spoken to the FSA who said that it probably wouldn't be a problem getting approved for some functions but how would firms who I am applying to view this?0
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You'll be fine I'm sure, as long as they are historical.I am an Independent Financial Adviser.
Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.0 -
Sorry, what do you class as historical?0
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You mentioned it was a "few years ago". I would say that it would be OK, as long as you haven't had any issues since.I am an Independent Financial Adviser.
Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.0 -
Thanks for your advice guys.0
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