Working in financial services with bad credit rating

[zxcvbnm]

can anyone tell me please if I have a bad credit rating does this impact my ability to work in the financial services sector?

I've a feeling it may but I am not sure.

I'm an IT contractor and most of my experience is for banks etc.

(Have nearly 0.5 million residual debt leftover from sale is investment properties. I assume this has by now been lodged with icb by my bank. Negotiations broke down last year with trying to do an informal deal)

 

[Jim Stafford]

If you are an employee you need to read your employment contract and staff hand book very carefully.

If you are working in IT, you are unlikely to be in a "Controlled Function" which is subject to a very strict regime. Please read the following link for a better understanding of what is a "Controlled Function"

http://www.frielstafford.ie/persona...ss-probity-whilst-facing-possible-bankruptcy/

If you are in independent contractor you are unlikely to have issues, particularly if you use a limited company to provide your services.

Jim Stafford

 

[thedaddyman]

potentially yes it will as it is standard practice for a credit review done as part of a pre-employment screening. Be careful though if you are in independent contractor, it's possible in the small print of your contract is a requirement that you meet certain standards and if there ever was an issue and they asked to see a rating for you, it could give them a reason to exit you from the role