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Future employer to do credit check - please help

  • 17-09-2012 11:51am
    #1
    LegacyUser
    Registered Users, Registered Users 2 Posts: 166,012 ✭✭✭✭


    I have had a disastrous couple of years financially. That, coupled with not being very good with money, means that while I’ve slowly cleared off most of my debts it has been a long and painful road for some loans. There is also an outstanding phonebill of e200 as well as missing my last mortgage repayment because I am unemployed. I also have an outstanding loan and while back on track I did miss two payments. I now have the chance in the UK of finding work but have been told that because there is a financial element to the job that there will be a credit check. I am presuming because I will be moving from Ireland to England that they will check my credit rating here. Also does anyone know what this entails and what will it show up? Or is there a way of making sure I have a good rating. I’m so upset that I may have a bad credit rating and as such affect my chance of getting this job. Please help.


Comments

  • #2
    username123
    Closed Accounts Posts: 7,484 ✭✭✭username123


    Check it yourself for 6 euro here.

    I can understand a job with a financial element doing a credit check - the reality is, if you cant manage your own finances, how can you be expected to manage other peoples. It might not be suitable for someone who, by your own admission, is not very good with money, to go for a job that has a financial element to it.

    I dont think there would be too much jumping up and down over an unpaid bill or a couple of missed mortgage repayments due to unemployment - but I assume they will be looking for a pattern of bad financial management. If you have a history of loans on top of loans (living beyond your means for a number of years), consistent failure to meet payment plans (while in employment) then these might be the types of things to be concerned about.

    Anyway, do the check yourself and see what comes up. And let the job do the check also, they may do a different check, they may have leniency, things might not be as bad as you think etc.... Youve nothing to lose anyway, and if it turns out the credit check loses you the chance then you have to look at it as a harsh but necessary life lesson.


  • #3
    Sinall
    Registered Users, Registered Users 2 Posts: 813 ✭✭✭Sinall


    I work for a major financial institution in the UK and was credited/employment/CRB checked both here and in Ireland.

    Check out the moneysaving expert forum as lots of people have posted queries about how stringent the checks are. I checked myself out through the Irish Credit Bureau and didn't find the report I got completely accurate - there was a small loan that didn't appear on there. I don't work in a client-facing role, or one that requires handling funds or sensitive client information, but still had to under go all the checks. If there's asomething major you're worried about you should mention it to the on-boarding person who is taking you through the whole process. I know from colleagues that they had the odd late bill payment that was over-looked.

    Good luck and I hope it all works out!


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