• What’s in a financial integrity check for employment?

[CA]

WHAT’S COVERED IN THIS ARTICLE?

This article explains what a financial integrity check is.

WHAT DO I NEED?

N/A.

GUIDANCE:

Employers can request we carry out financial history background checks in order to assess the financial background of a prospective employee.

By conducting financial background checks, employers can ensure the prospective employee manages their finances well and is therefore a suitable candidate for the role.

Financial background checks include a credit check or sanctions check which will highlight any restrictions that the applicant had imposed by government or regulatory institutions. 

Also known as financial integrity checks or civil litigation checks, they may reveal information about any County Court Judgements (CCJs), bankruptcies, decrees, etc.

Generally, the check covers the previous six years, which is the maximum time period the County Court Judgements records remain available for public access.

RECAP:

The candidate will now understand what a financial background check is.

FURTHER READING:

Verifile Background Screening Services.

Will the U.K. Credit Check leave a footprint on my credit file?

What do Financial Checks involve, and will they affect my Credit Score?

Will the U.K. Credit Check affect my credit score?