Can an IVA stop me from getting a job in a bank?

ali762

I have opened an IVA after being really hit by COVID and have struggled to get good, well paid employment since. I finally have got a job offer from Barclays who I am really excited to work for but would my IVA stop me from getting the job? Would be really heartbroken if this is the case. Thank you 

sammyjammy

It might, depends on the job role, did they ask about insolvency on the application form?  Will they do credit checks?

fatbelly

IVAs tend not to be judged as negatively as bankruptcy. Why this is, I don't know. Both are a declaration of insolvency.

In most jobs this has no effect - insolvency is a fact of life. However, banking is an industry that can be sensitive to any form of indebtedness so, as above, it could be, depending on the bank and the actual role.

All you can do is answer any questions honestly and see what happens

ali762

fatbelly said:

IVAs tend not to be judged as negatively as bankruptcy. Why this is, I don't know. Both are a declaration of insolvency.

In most jobs this has no effect - insolvency is a fact of life. However, banking is an industry that can be sensitive to any form of indebtedness so, as above, it could be, depending on the bank and the actual role.

All you can do is answer any questions honestly and see what happens

Thanks for your reply - I’ve answered completely honestly but they actually gave me the job and then the question was on the information they sent through after accepting me. All sent off and hopefully it doesn’t affect it. It’s a role on the fraud team in a call centre so I’m unsure how it’ll effect that exactly. 

ali762

sammyjammy said:

It might, depends on the job role, did they ask about insolvency on the application form?  Will they do credit checks?

Thanks for your reply - the job role is on the fraud investigation department in their call centre. They haven’t mentioned credit checks, only a standard background check and then the question was amongst the paperwork they asked me to fill in actually after giving me the job, rather than on an application form 

sammyjammy

Good luck, let us know how you get on.

MrFrugalFever

Did you get the job?

Emmia

@ali762 on your other thread you're a student paramedic with issues with BT and here you are applying for a job in a bank...

sourcrates

IVA`s can take months to organise/set up/have creditors meeting etc etc yet 4 days before this post you were worried that a £400 debt to BT would result in debt collectors and bailiffs knocking on your door, now you say you have "opened an IVA".

Things do not happen that fast in the real world........

JohnnyB70

There is no possibility of getting a job in a bank’s fraud team with an insolvency in your name.