www.iva.co.uk

Hello - I wonder if anyone might be able to give me some advice. I completed an IVA in Feb 2010 and this has now been removed from my credit report on Experian. I have been offered a new job and amongst the papers I have to sign and send back is authorisation for them to do a credit check. The paper asks if I have ever been insolvent/bankrupt etc. The extra info with the papers say that if the credit check is unsatisfactory they will withdraw the job offer. Can they still find out about it? They are a financial institution (not a bank). I don't want to carry on paying for past mistakes, especially when I have paid my dues! Any advice would be appreciated. Thanks J

Maybe worth having a chat to HR department. Although it may not show on your credit report, but if they ever found out chances are they would sack you.

If it isnt recorded on any of the 3 credit reference agencies-which would be worth checking-I cant see how they can find out.

As long as you do not have a financial link to the bank with a previous debt that formed part of the IVA, and as long as your defaults and bad credit are off all the CRA's and Insolvency Register, then they cannot find out.

Although - they may not find out - the concern is the "untruth" on the application. And that would be a fact of any future employment with the company if they ever found out.

I agree with ginger if you've been Insolvent I would tend to think a yes if required for this. Your credit check may be fine now as you've addressed your debt problems so therefore would they not offer you the position for being honest? An anonymous call to HR might be an idea.

One of our experts will be along soon. x

You really need to speak to whoever is handling the recruitment process for you. HR will only say what's in the letter otherwise they could be liable for collaborating with you mis-representing yourself on the forms. Lots of posters have been credit checked for jobs and it hasn't stood in their way once. An honest chat will more than likely set things straight...unless there is a regulatory requirement for you to have a completely clear credit history. xx

Thing to consider is, after all the stresses and worries of being in debt, which you have overcome and recovered from, do you now want to live with the stresses and worries of being discovered and possibly fired from your new job?

If you lose this one, there will be others, if you got fired from this one for lying on your application you will not be able to apply for others as your new record will be tarnished.

An honest chat would be best (in my opinion)and if they turn you down, it's their loss. As others have said, you have proven that you can handle, cope with and resolve a serious finacial problem, and are probably more financially aware than most who haven't been through a debt resolution.

Best of luck with whatever course you choose.

Quite agree Foggy. It's always best to be honest and the fact that you own up to your previous insolvency has to go in your favour.

It's 3 years since I finished my IVA and it still states on my credit files with all a credit reference agencies that it was removed in June 2008.

So in answer to your question it probably is on file somewhere.

I hope it goes well for you, whatever course you've chosen. It's awful that the IVA could come back to haunt you now. It used to be one of the benefits that when an iva was over it culd be consigned to history whereas all sorts of forms wanted to know about previous BRs forever. Now these form incorporate IVAs too and it sucks. Keep us posted xx

I wonder what Mels opinion on this is. It does seem unfair that an iva could potentially affect you for much longer than you expect.

Paul

I agree Paul.

s.b.w - did you complete at the end of the five years or was it a full and final?

If it was the former then it should not still be on there after three years but if it was the latter it will show until the full six years from acceptance.