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Reply to: Credit Checks on Contractors
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Previously on "Credit Checks on Contractors"
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I'm currently at a global insurance company and I was credit reference checked and I thought this quite reasonable considering the area I am delivering projects for.
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Originally posted by Spike Lee View PostDear All
Is there any legality for a Client to make complete credit checks against a contractor including the abmount of credit you owe.
From what I have received there is an ultimatum either you complete it or you have to leave .
Regards
JF
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Originally posted by Sysman View PostAnd who dipped their fingers in the till in the first place?
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Originally posted by cojak View PostI know that Finance gigs sometimes ask for it - it's to check that you won't be tempted/blackmailed to dip your fingers into the till...
- Bank / Madoff / Iceland goes bust
- Your savings get frozen or are lost forever
- Due to the downturn there isn't any work
- Your credit record gets a hammering
- No chance of a job (due to d.) to repay your debts
And who dipped their fingers in the till in the first place?
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I told well know agent that I would run a credit check on his agency after he said he wanted to pay me monthy. His reactioin was
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Originally posted by Spike Lee View PostDear All
Is there any legality for a Client to make complete credit checks against a contractor including the abmount of credit you owe.
From what I have received there is an ultimatum either you complete it or you have to leave .
Regards
JF
Leave a comment:
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Originally posted by Spike Lee View PostDear All
Is there any legality for a Client to make complete credit checks against a contractor including the abmount of credit you owe.
From what I have received there is an ultimatum either you complete it or you have to leave .
Regards
JF
Leave a comment:
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Originally posted by threaded View PostMakes me laugh softly when I see that happening.
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Originally posted by realityhack View PostIt's standard policy for financial institutions to run a full credit check
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It's standard policy for financial institutions to run a full credit check on potential contractorcos and permies.
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Its a valid request. Companies credit check other companies all the time before dealing with them and you are effectively just a Co.
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Originally posted by robbie274 View PostYeah I got credit checked when my client was a bank, seems normal.
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