Credit Checks

[MCC7]

Your ClientCo is not your employer, your ltd is. What harm does it do, if they contact yourself for reference? You are only suppose to say, yes, Mr Chana7 has been with this company for x years and y months. That's it.

Ah ok, fair enough!

Thanks.

[TheFaQQer]

Your ClientCo is not your employer, your ltd is. What harm does it do, if they contact yourself for reference? You are only suppose to say, yes, Mr Chana7 has been with this company for x years and y months. That's it.

If you have a company secretary, then get them to do it.

That's what I've done where clients are looking for a CYA to show that they checked whether I had any qualifications and that I could work legally in the UK.

[rd409]

If you have a company secretary, then get them to do it.

That's what I've done where clients are looking for a CYA to show that they checked whether I had any qualifications and that I could work legally in the UK.

Agreed.

[nomadd]

Just to ride off this thread....

I am about to complete a credit check for a new role, who do I put down as my current employer? My Ltd or ClientCo?

It requires a reference at that place of work, which I know they chase up, so if I put my Ltd down, would they just contact me?

No, they won't. Credit checking agencies are pretty stupid, but they aren't that stupid: they won't take you as your own reference.

Yes, put down your Ltd as your employer, but use your accountant as your reference. That works for me every time.

[centurian]

Back to the OP, I would ask two questions.

a. Is this a small finance shop, or a large IB
b. What scale of CCJ's are we talking about, a few small ones < 500, or are we talking in the thousands

If it's "small" for a) or b), you are probably fine. If it's the latter in both - you may have a problem. In large shops, the compliance dept will set absolute limits. Each bank will have a slightly different threshold - breach it and you are unfortunately out the door.

[Boo]

They have just offered a new extension for next year but said this is subject to satisfactory credit checks.

Are they credit checking you personally or your Ltd Co. ?

If you personally, then I'd just refuse to give the relevant details and insist on them checking your Ltd Co. Hopefully your Ltd Co. is clean ?

Boo

[TestMangler]

No, they won't. Credit checking agencies are pretty stupid, but they aren't that stupid: they won't take you as your own reference.

Yes, put down your Ltd as your employer, but use your accountant as your reference. That works for me every time.

WNS.

It really IS that simple. No need for any other made up opinions.