Another Pre-Employment Check Question *UPDATE*

K1RST1E_2

Hi,

I have searched previous questions like mine and can't really find the answer that I'm looking for. Either there isn't one or the outcomes have never been updated!

So, I have accepted an offer of employment at a bank which I'm thrilled about. I filled in all of the pre-employment check questions for the vetting/ background checks a week ago. Today I received an email asking for further information on any adverse accounts that have a status of 3+ (which has come up on their credit check). I have two defaulted accounts from January 2012. One was paid off in July of the same year and the other I am still paying fixed monthly payments on and the balance currently stands at £686.

I have provided all of this information with screenshots from my credit report but am really stressing as to how detrimental this is going to be towards their offer. I'm worried that they are going to withdraw it.

Has anyone had any experience of this, be it good or bad?

Thanks.

*UPDATE*

I got the call today to say that all of the checks had been carried out successfully and that a contract would be with me in a few days time. I'm so relieved! Thanks for commenting.

boo_star

Banks tend to be quite strict when it comes to your previous financial conduct. They may be OK with your situation given one default is settled and you do have an arrangement to pay on the other but my gut instinct tells me that you should prepare for the worst.

Did they not ask for information on defaults, CCJ's and bankruptcies in the application stage?

K1RST1E_2

They asked for information on CCJ's, IVA's and bankruptcy which I don't have so I was surprised to be asked for more information on this today when I wasn't asked about defaults on the questionnaire.

Thank you for your advice. I guess I'm already thinking the worst. I'm gutted as it's great hours. I've recently left a 13 year career to spend more time with my young children and this role provides me with that.

boo_star

K1RST1E wrote: »

They asked for information on CCJ's, IVA's and bankruptcy which I don't have so I was surprised to be asked for more information on this today when I wasn't asked about defaults on the questionnaire.

Thank you for your advice. I guess I'm already thinking the worst. I'm gutted as it's great hours. I've recently left a 13 year career to spend more time with my young children and this role provides me with that.

Well you never know, they may be fine with it.

They're primarily concerned about people who might be easily convinced to commit crimes to dig themselves out of a financial hole and since one default is settled and the other is being paid off (and isn't doesn't have a large amount outstanding) you may be OK.

K1RST1E_2

Thank you. I should be put out of my misery by this time next week so I'll report back on the outcome.

GingerBob_3

A question here is, do banks have greater access to the so-called employee screening data provided by Experian etc. than would be the case for other companies? For instance, do they get direct access to credit reports, even for non-credit reasons such as employment? If they do, are there similar arrangements for other reporters such as utility companies, catalogue vendors, and even scum?

boo_star

GingerBob wrote: »

A question here is, do banks have greater access to the so-called employee screening data provided by Experian etc. than would be the case for other companies? For instance, do they get direct access to credit reports, even for non-credit reasons such as employment? If they do, are there similar arrangements for other reporters such as utility companies, catalogue vendors, and even scum?

Yes, because it's almost always (if not always) a requirement that your salary is paid into a staff current account.

So they will perform a full credit check, as they do when people open current accounts.

GingerBob_3

boo_star wrote: »

Yes, because it's almost always (if not always) a requirement that your salary is paid into a staff current account.

So they will perform a full credit check, as they do when people open current accounts.

But you may already have a current account with the bank in question .... or are you saying you're forced to open a 'special' current account? And what about financial institutions that aren't banks offering current accounts - city traders and the like?

boo_star

GingerBob wrote: »

But you may already have a current account with the bank in question .... or are you saying you're forced to open a 'special' current account? And what about financial institutions that aren't banks offering current accounts - city traders and the like?

They have specific staff accounts.

You can keep your current account with the bank but your salary will be paid into the staff account.

I don't know about city traders, since I've never been one.

GingerBob_3

boo_star wrote: »

They have specific staff accounts.

You can keep your current account with the bank but your salary will be paid into the staff account.

I don't know about city traders, since I've never been one.

Ah! They frig the system in other words.

boo_star

GingerBob wrote: »

Ah! They frig the system in other words.

Who? Could you elaborate?