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balkaur

Need help, I have got few defaults in my account , if I pay my default off will I able to get a job in the bank ? 

I did apply for a job in the back but got refused cos of my default. They said I got 6 month to reapply again, I know that I can pay my default off, but i was thinking will I get refused again even if I paid all my default off. 

John_

Many jobs in finance are not available to people who don’t run their own finances well. It will depend on what sort of job that you want, and the age will matter, but you most definitely should not be able to get a job in banking with an unpaid default.

cymruchris

Nobody can answer your question really aside from the bank that you applied to. Every company has a different policy. In the case of banks, they generally, but not always, want employees with clean credit histories of major events such as defaults and bankruptcies - but not knowing which bank, or which position, it's hard to give you a definitive answer. Did you ask them as to whether settled defaults were acceptable? If you did - and they said yes - then clear them and re-apply. Alternatively - look for a line of work that doesn't check your credit history.

born_again

The default will still show on your history. So a good chance you will still be declined a job.
To give you a idea. One of my ex colleagues wife got into serious financial difficulty. Ended up becoming bankrupt. He lost his job.

2e0arr

what were the grounds for his dismissal under employment law ? guilty by association ? if they were unwed and living together would he have lost his job ? 
If he divorced her would they have to re employ him LOL. 

cymruchris

2e0arr said:

what were the grounds for his dismissal under employment law ? guilty by association ? if they were unwed and living together would he have lost his job ? 
If he divorced her would they have to re employ him LOL. 

What have you been drinking?

2e0arr

LOL

 so if you work for a bank and your wife goes bankrupt you lose your job

so if you work for a bank and your wife commits murder would you still lose your job seeing as she will be serving life ? Employment tribunals are great reading ill be going through the RSI feeds now but cant imagine there would be. So your wife goes bankrupt what would be the grounds for dismissal ?

 

[Deleted User]

@2e0arr If you work in something like Government or the Police (which needs a higher level security clearance) than associate data would definitely affect you. In a bank, if you've already got the job, I doubt it. But getting the job, it may well do.

OP - I'd imagine they'll want everything settled. I scrapped in with severe adverse, but that was because I stressed to them it was all settled and nobody can 'come after me'. If you have, say, a £10k default outstanding, they're worried in case the creditor puts pressure on you and you do something silly like pinch money (physical if you work in a branch, or virtual if you've access to transfers systems etc.)

HR should be able to tell you, unless they're just giving you a generic 'failed credit score'.

For example, I had one potential employer that, despite me easily qualifying for an interview, refused to even interview me. When I challenged it (as is your right, if automated scoring has taken place) they told me that a status 3 on credit file is unacceptable. So with that employer, settled or not settled would make no difference at all, it'll still be a no. But generally, settled is better than not settled.

2e0arr

Somerset_La_La_La  Ty that was a very interesting and helpful reply.