Credit checks

[blackleyblue]

Hi all,

 

when a prospective new employer says subject to credit checks what does this actually mean?

 

Do they check for bankcruptcy and fraud or the whole lot i.e. credit rating.

 

The reason I ask is that been offered a couple of jobs recently that refer to this (I work in financial services/insurance)

 

and I worry

 

a) of getting turned down for a job and

 

b) kicking debt chasers into life if potential employers are checking.

 

Anyone got any knowledge on this?

 

I dont have and fraud or bankruptcy on my records

but do have a failed IVA appx 5/6 years old and around 60k debt related to this.

 

Thanks

[dx100uk]

defaults , ccj's etc will be a problem.

 

what does your file say?

 

any of those?

 

dx

[BRIGADIER2JCS]

It would be best to come clean with any prospective employer, before any checks are made.

Are there defaulted accounts on files that are recent?

[bigshoes...bigsocks]

I would have thought working in the financial services sector they would be looking for defaults as a minimum so echo dx in what is on your credit file?

 

a search of your credit file shouldnt kick up a hornet's nest with your creditors.

[BRIGADIER2JCS]

An employment reference search is usually listed as an unrecorded enquiry.

[blackleyblue]

thank you, so we are not sure what they actually look for, i heard bankruptcy and fraud?

[BRIGADIER2JCS]

Length of time at address, GAIN, CIFAS, Public Records, indicators of financial instability eg lots of credit apps in a short period of time.