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Topic starter
19/05/2022 8:57 pm
Hi guys,
I've recently started a DAS and this week have secured a new job. As part of the recruitment process, the company will be utilising Verifile to perform a number of checks. One of those is a Financial Credit Check where it seems it covers off and i quote from thwir website
"look for evidence of bankruptcies, voluntary arrangements (IVAs), County Court Judgements (CCJs) or anything else that raises suspicions of someone’s previous financial dealings. "
I'm worried that a DAS my ruin my chances of passing these checks.
Any advice or someone with previous experience of this would be really appreciated.
Thnx
20/05/2022 9:59 am
Hi frenzy382,
Unfortunately it will almost certainly be the case that your DAS, and individual account reporting about arrears/defaults etc, will be detectable when this credit check is done.
It is perhaps a positive that you haven't entered a personal insolvency process (bankruptcy or a trust deed) and that (I assume) you haven't been subject to any legal action by your creditors.
The usual advice we give when this topic arises is to be entirely open and honest about this to your potential new employer before the credit check even takes place. For example you could explain that your repayments did become unaffordable and that, as a result of this, you took positive and responsible action to arrange a DAS which will result in your debts being fully repaid.
Employers tend to use credit checks as a risk control process. Showing honesty and openness to the employer helps to mitigate any perceived risk and are also qualities that any employer would welcome amongst their workforce.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
