Financial Check

Legacy_user

I applied for a temp role via an agency. I went into the agency today to complete all the paperwork. As part of the checks I have to undergo a financial check that is more indepth than the simple credit check. I am considering withdrawing my application because my two credit cards, my loan and my store card are now all in default due to me now not having any money coming in at all. I had to explain on the form that I was getting advice from a Money Adviser about my personal finances and that I had fallen behind in all my payments due to my partner not being able to give me money. My partner can only pay the bills. I told the agency about the situation. It was very embarassing. Their reply was "all you can do is submit the forms". The role I have applied for is an admin/customer service role. There will not be any cash handling involved at all. The role is 100% over the telephone. The agency told me on the phone that the checks were a criminal background check and a credit check. If I had known about the indepth financial check, I would not have agreed to go into the agency today. When one candidate found out about all the required checks he refused to complete the paperwork and he stormed out of the office. Have I just wasted 2 hours today completing all that paperwork? The defaults on my credit file are from the past 6 months. I do not have any CCJs and I am not a discharged bankrupt. I do have a successfully discharged Scottish Trust from ten years ago. I have worked in the financial sector before.
I do not have any money coming in at all because I am not entitled to Universal Credit because I live with my partner and he has more than the required monthly amount coming in for me to qualify for UC. Should I withdraw my application? The agency said an intermittent check I think they called it is done on everyone. If you pass that, you are then started in the role and the more indepth check is carried out on you. Should I withdraw my application on Monday?

boo_star

The advisor is right. All you can do is submit the form and see what their response is.

Nothing ventured, nothing gained?

SnowTiger

Mac007 wrote: »

If you pass that, you are then started in the role and the more indepth check is carried out on you. Should I withdraw my application on Monday?

If I were you I'd probably let them go ahead with their checks.

What's the worst that could happen? They choose not to offer you employment.

The report may not be as detailed as you expect. There's one example here. It provides a 'credit score', but not details of how accounts have been managed.

A Google search suggests that the Scottish Trust Deed is only listed on your credit report for six years, so yours will be long gone.

[Deleted User]

No I wouldn't withdraw my application, unless, there was another job offer.

Got into a job that mentioned just a DBS check was required, which later turned into "Security Clearance" sat tight, nothing ever said. It to was one of them immediate start jobs so I was already in the role.

It isn't your fault they don't use the correct wording of 'conditional offer' or aren't clearer from the start - so you've nothing to feel bad about.

Think of it as proof you are applying for work - if you can ever fight for benefits (sorry I don't know anything about UC just yet) and a lot more people are going to experience going through these types of checks so roll with it, (something has to replace when references are no longer easy to come by) unless there really is a plan b or this is a job you don't want. (which it doesn't sound like) I'd see it through.

All the very best x

PixelPound

No point in withdrawing, all they can do is say no. If you have been open and honest then it probably should be okay. These type of checks are to ensure you won't be financially tempted to bribes/fraud. The fact that you have worked in the financial services industry should help, but it all depends on what they are willing to accept.
No need to feel embarrassed, you have justifiable reasons - how many people with debts would not be able to service them if circumstances changed.