Pre employment checks - gambling

Cariad9

Advice needed desperately. 
As part of pre employment checks I've been asked to submit 5 months worth of bank  statements. This is because I've been unemployed claiming benefits. Problem is there are quite sizeable deductions to casino websites on there. I know I'm an idiot before anyone says it. It hasnt caused me to become overdrawn, I idiotically went through my savings. The rest of my credit check is good, no ccjs etc. 
The job is for a large insurer. Does anyone have experience with this? Am I likely to have my job offer withdrawn? 
I've knocked the gambling on the head, it was just a really silly couple of months whilst I was going through difficult times. 

Savvy_Sue

Do you have to show who payments were to and from, or can that be blacked out?

74jax

What is it they want? I'd be blanking out who my payments are too. 

AskAsk

i wouldn't worry about it too much as you only gambled away your savings and you didn't go into debt.  you could just say that it was something you thought you could make money from but it didn't work out so you stopped.

you could blank out all the other payments and just show the benefit payments as others have suggested.

Mrs_Ryan

If I can get a job with an insurer with 32 defaults on file (there was very significant mitigation though) I’m sure you’ll be fine. I don’t think they can dictate how you spend your money. It was your money, you should be fine  

TELLIT01

Mrs_Ryan said:

If I can get a job with an insurer with 32 defaults on file (there was very significant mitigation though) I’m sure you’ll be fine. I don’t think they can dictate how you spend your money. It was your money, you should be fine  

They can't dictate how somebody spends their money, but any financial institution would have more concerns about employing somebody who went into debt every month and somebody who handled their money well.  How much concern would depend on how much access to financial information of customers that the job would provide.

AskAsk

TELLIT01 said:

Mrs_Ryan said:

If I can get a job with an insurer with 32 defaults on file (there was very significant mitigation though) I’m sure you’ll be fine. I don’t think they can dictate how you spend your money. It was your money, you should be fine  

They can't dictate how somebody spends their money, but any financial institution would have more concerns about employing somebody who went into debt every month and somebody who handled their money well.  How much concern would depend on how much access to financial information of customers that the job would provide.

i have heard someone mentioned that they had to provide financial details for security clearance checks.  in this instance the employer will want to see if you have debts or will likely run into debt.  it depends on what the OP's checks are for but he seems to intimate that it is to do with him claiming benefits and so were not employed.  if this is correct, then his employer wants proof of non-employment periods, in which case the OP will be fine to blank out the rest of the bank statements, but if it is for security clearance purposes, the employer may take a dim view on the gambling transactions, even if the OP did not get into debt as there is a risk that he would do at some point in the future.

Undervalued

Mrs_Ryan said:

If I can get a job with an insurer with 32 defaults on file (there was very significant mitigation though) I’m sure you’ll be fine. I don’t think they can dictate how you spend your money. It was your money, you should be fine  

They can however choose not to employ somebody who spends their money in a particular way. That is not to say they will do that, just that it would be perfectly lawful for them to do so if they wish.

I certainly wouldn't blank out particular items as that would immediately raise suspicions that you have something to hide.

A potential employer can (with a few exceptions) ask what they like to help them decide who to employ. Refusing to answer, unless the question is prohibited by law, is a sure fire way of being rejected.

moneysavinghero

As insurance is essentially gambling (albeit a very risk managed form) that they will pay out less than they take in premiums maybe they will view you as the perfect employee.