New Job emloyers want to do a credit check !!

flaura

I've just started a new job and because of a few issues there end i've worked through an agency for the last 8 weeks - i got my contract through on friday and they want to do a credit check !! - i'm scared that i'll loose the job but i'm not sure what they are looking for - they want to do a credit check for "Good Repute" as they are regulated by the FSA although the area i'm working in has no involvement in the money or pensions side of things
I have 6 defaults on my credit record from three years ago does anyone know what they are looking for ? i've no CCJ's or bancrupcy but i'm terrified of being out of work and i love the new job !!
has anyone got any idea of what they look for

Spendaholic_Chick

I don'tknow, I've never heard of that before. I was going to say in case you'd been involved in any type of fraud, but that would be a CRB check. Sorry I can't be more help but I did't want to 'read and run' lol

moonlightpjs

Hi Flaura

I'm no expert but I think what all they will be looking for is BR, IVA's, CCJ's or fraud. I'm sure I saw a post somewhere saying this and that they will be more bothered that you can do the job rather than a few defaults.
Like I said, I'm not entirely sure but sure somebody will be along soon with more info.

Good luck

flaura

Spendaholic_Chick wrote: »

I don'tknow, I've never heard of that before. I was going to say in case you'd been involved in any type of fraud, but that would be a CRB check. Sorry I can't be more help but I did't want to 'read and run' lol

they want to do one of those too ! but not worried that - i may have been bad with money - but not a criminal -
Thanks weller - hope you are right !! i'm so close to being debt free to loose my job now would break my heart !

tigtag02

flaura

Be up front with your employers before they do the check. I had to go through this when I worked for a bank years ago - I had CCJ's and defaults - I was upfront and provided letters of satisfaction/repayment plans and had no problems.

HTH
tigtag

moonlightpjs

flaura wrote: »

they want to do one of those too ! but not worried that - i may have been bad with money - but not a criminal -
Thanks weller - hope you are right !! i'm so close to being debt free to loose my job now would break my heart !

Looking at your signature - you've done amazingly well - lets hope you can keep the job and keep on target. Will look out for you on the roll of honour!!!! Well done Flaura :T

flaura

thanks weller ! two more payments i hope !! i'll fill everything out and talk to my boss see what he says...

mrtg0525

As someone who working in the Financial industry and has had his own share of money problems - a lot of FSA-regulated businesses will do a credit check (most banks/investment banks do background checks as well).

I've always been upfront with employers when it got to the contract and background check stage and told them "if you're running a background check, this is what you will find" and I've never had a problem with it. However, had I not bothered, I would've most likely lost out on the job as they don't like discovering things like that.

Mind you, this is one of the areas where it's sometimes easier to work as a contractor for exactly that reason...