Credit check (??)

GingerBob_3

m4rc wrote: »

Why do you think they can't see the info? They are regulated by the FSA and it's essential that the people they employ have a good financial standing, it makes complete sense (to me anyway) that they can check you are indeed able to pay your bills and not bankrupt. You have to sign to agree to it, I did it years ago and got in a spot of bother when they found I need I couldn't pay my bills, so I wasn't allowed to recommend any financial services / products and I would instead introduce them to a colleague and share their commission.

I'm pretty sure that woo ut permission and need (you give them permission and the need is obvious) they can't carry out any checks. The thing is, we want well regulated financial services, we already moan they are bad, I think it's great that they are forced to check the financial credibility of everyone applying to work in the sector. I have a few friends who have lost very well paid jobs because they got into debt, they really don't muck about with this stuff, if you are not squeaky clean you are out, it can wreck lives.

I know the next question, and yes I'm sure some people and companies will not follow the procedures and there are probably people with really bad debts working in the sector, I guess the alternative is that they just don't bother checking anyone then, let anyone and their dog advise and sell, I'm sure we wil be worse off but it may please some people.

I like that we have checks in place for certain sectors, certain roles, I like that people working with out children are checked for criminal records, I like that people who care for us in hospital undergo regular retraining and assessments, and I like that people who look after our money are checked for money problems.

Could someone so,we here check your records when they shouldn't be able to? Yea probably, it's not MI5, but again the alternative would be !!!! it all down and have a complete free for all where nobody is checked for anything I guess.

Why have you included my question as a quote here? Your detailed response does not address it all? Does anyone know about access to credit data for non-closed-group companies? I guess the CRAs themselves do, but they won't answer.