Adverse credit check

Employment credit check for financial background

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£29.99 Sign up fee
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Adverse credit check

Complygate HR software helps managers to re-position their HR function from intuition-driven to data driven. It has Plenty of options equipped to analyse the data and make future decisions. Complygate HR software is adaptive, value-driven, collaborative and empowering.

Adverse credit check

Excl. VAT
£4

*Per check

Adverse credit check
What is an Adverse Credit Check?

Adverse Credit Check or Financial Background Screening is a type of a pre-employment screening check (employment vetting) that employers can carry out on prospective or current employees for sensitive positions and particularly those handling money and funds.

The Complygate’s Employment Credit Report is specifically designed to give businesses the information needed to help make smarter decisions quickly and easily when considering on potential candidates or review current employees.

Why my employer will check my credit report?

Employers want to be sure that your financial position would not impact your performance at work and that you do not pose any risk when it comes to handling money or sensitive data. Law and finance firms are legally required to perform credit checks on prospective or current employees.

Does a credit check for employment vetting appear on my credit report?

Yes, however, only you will be able to see it. It will appear as ‘COMPLYGATE’. Lenders would not be able to see if your report has been checked by your employer for the purpose of pre-employment screening (employee vetting), so your credit score would not be affected.

Adverse credit check is a soft search which will be recorded on your credit report.

What will my employer be able to see after performing an adverse credit check?

‘Adverse credit’ refers to any missed or non-payment on a individual’s credit report. The following types of adverse credit (red flags) will show up on an employment vetting credit check:

  • Credit information listed at the applicant’s current and previous addresses
  • County Court Judgments (CCJs)
  • Individual Voluntary Agreements (IVAs)
  • Bankruptcies

Complygate adverse credit check will not affect applicant’s credit score or ability to borrow.

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Interpreting results of Adverse Credit Checks

Interpreting financial data is likely to require a greater degree of judgement than other preemployment checks. e.g. what is adverse credit history? This could include an unsustainable lifestyle or bad payment history.

Consideration should be given to the ability and planned efforts made to repay debts. Clear guidelines will help to ensure that your judgements are logical and defensible.

Why employers should use Complygate Adverse Credit Check?

Complygate is one of the UK’s smartest pre-employment screening platforms. As part of a commitment to reducing risks and with our roots firmly in compliance, Complygate uses market knowledge and expertise to recommend an Employee vetting package that best suits the needs of your business.”

Get in touch today to find out how our additional services can benefit your people strategy.

Complygate Adverse credit check is also ideal for Tenant Background Check (Credit check for landlords).

Our Tenant check service is simple to use. There is no minimum commitment or set up fee for the credit check for renters and is available from as little as £4 per check.

How does Complygate Adverse Credit Check work?

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Check our blog for latest industry news and update about new releases.

Complygate is the best HR software for SMEs.

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21 Jun 2021

Employment Screening: Practices, Gaps and Guidance ©

Extensive article on Practices, Gaps and Guidance of Employment Screening, from Professor Rowley, a leading figure in the study of employment and human resource.

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Hiring a new employee into your business is a huge undertaking, which should not be taken lightly. Consider vetting new employees by performing pre-employment screening checks.

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16 Jun 2021

Right to work checks and hiring workers from Europe (EU, EEA

From 1st July 2021 new rules for Right to work checks will apply to EU, EEA, or Swiss national. The most common routes will be 'Skilled Worker Visa' or 'Temporary Worker Visa'.

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