Do personal loan lenders check employer’s credit ratings and/or status?
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As per the question really, i’ve noticed, through 3rd party sites and directly with lenders you are asked for employer details, and they often have a search function to ensure they have the right one..do they run a search on this to check whether your job is safe basically? My employer is currently in a CVA, and although in reasonable condition this still comes up as ‘insolvency’ status if you search the company online or credit check. Would this potentially prejudice a PERSONAL loan application-cheers
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Failing that, there can be a catch-all that asks if there is any other material fact that would be of interest to a lender.
If you know your employer is in a form of financial administration, it may be something you'd need to declare under either of those types of question.