Partner may lose his job due to new company credit check rules

starlite_2

Can anyone offer advice?
He has worked for them for two and a half years and they have been a fantastic employer. He has spent a fair amount of money on additional training to help him move up the ladder, and has been promoted three times..
We have just received a letter that states that all employees must now undergo a credit check and we are really worried. He had a few money problems as a student, and soon after graduating when we had our first baby. I am a sahm and we have two young children and we would be devestated if he loses his job. We are just about getting financially secure and this would be such a blow.

I understand why they need to do it as he worked is financial services, but it seems so unfair after all the hard work he has put in. We also worry that he would find it difficult to get another job in the industry he is qualified/has work experience in.

Are they legally entitled to demand this, or is there the possibility they may look at him favourably?

thanks.

cazziebo

How bad is his record?

It would be a very heartless employer who fired someone after 2.5 years for a change in conditions. There does seem to be mitigating circumstances here and if he can show that this is behind him, then I think it should be looked on fairly.

I used to recruit for a major bank who subjected all potential recruits to credit checking and they would accept people with poorer histories as long as it could be shown that debts were being paid regularly, and their financial situation was under control, even if there were CCJs. Unpaid CCJs or lots of missed payments were a bit of a no no I'm afraid.

hope he gets on okay.

G-G_4

I am a bankrupt, and also a qualified mortgage advisor, so obviously my main area of work is in the financial services. I have had lots of interest in employment opportunities even though I am bankrupt, as as long as I am not giving advice (as this is not allowed for a bankrupt) then I am ok to use my knowledge in other areas.

I wouldn't worry to much, I should think it is more to look for possible fraud issues, not how well you manage your personal finances.

x

starlite_2

Thanks. He works on a fraud prevention team so it makes sense .

He has no ccj's just a couple of defaults on overdraft / career development loan but is repaying these regularly now.

Fingers crossed it works out okay.

G-G_4

I would think they are looking for criminal activity, and not for defaults etc..

Would it be possible for him to speak in confidence to HR and ask them? If he is worried about it then they might be able to put his mind at ease by explaining what they are looking for?