Financial Services & CCJ's?

[aldi]

Hypothetical question, can you sell insurance if you have 3 oustanding CCJ's from 6 years ago? Yes, no or maybe?

[Mrs Trackside]

I understood that debts (not related to your mortgage) are not recoverable after six years

Edited to add: but I have no idea how that relates to CCJs

>> Edited by Mrs Trackside on Wednesday 22 February 20:51

[Piglet]

I don't get the question

Do you mean can your work in a role selling insurance if you have CCJ's outstanding?

[aldi]

This person has passed the exams but the last thing is to fill out this form which pops the question of questions... an unexpected turn of events are one causing much stress.

[aldi]

Piglet said:

I don't get the question Do you mean can your work in a role selling insurance if you have CCJ's outstanding?

Got in in one!

[Piglet]

Ahh, I see! And after all of that I can't help!!

Financial services (as opposed to say motor and general) insurance is highly regulated and I wouldn't be surprised if it required a degree of honesty. I'm not suggesting your friend is dishonest but unsatisfield CCJ's perhaps indicate a lack of financial awareness that I'm sure most FS employers would rather avoid.

Hopefully someone else will be of more use!

[aldi]

Yes thats the assumption, would it be employers discression or a legal thing?

[skr]

If he is going for a job then I belive it is the employers disscretion, if however he is starting his own business and applying for a consumer credit licence, I think he will find it difficult.


>> Edited by skr on Wednesday 22 February 22:59

[alfaman]

I have previously worked in FS marketing for a major bank.... who would not generally employ anyone with a record of CCJ's , checks are done during the hiring process. Occasinally exceptions were made. I imagine most Banks and Bancassurers are similar.

[aldi]

Thats interesting to know, the employer is a charity so would I be correct in seeing a glimmer of light here?

[Nevin]

skr said:

If he is going for a job then I belive it is the employers disscretion, if however he is starting his own business and applying for a consumer credit licence, I think he will find it difficult. >> Edited by skr on Wednesday 22 February 22:59

OOh, its not very difficult to get a consumer credit licence really. I know dozens of people with them who would be considered the worst kind of crooks and shysters

[darreni]

If you mean FSA fully regulated stuff like Term assurance/ pensions/investments etc, the anwser is no. Any employer will need tro conduct background checks going back 10 yrs.

For general insurance, car/home/travel etc then i'm not sure.

[aldi]

darreni said:

If you mean FSA fully regulated stuff like Term assurance/ pensions/investments etc, the anwser is no. Any employer will need tro conduct background checks going back 10 yrs. For general insurance, car/home/travel etc then i'm not sure.

Thanks, I guess they'l find out the answer soon enough - the only advice I could give was 'Do not lie on the form!'

[Yugguy]

alfaman said:

I have previously worked in FS marketing for a major bank.... who would not generally employ anyone with a record of CCJ's , checks are done during the hiring process. Occasinally exceptions were made. I imagine most Banks and Bancassurers are similar.

Well I have one still uncleared CCJ from 2000 and I was recently employed by a major building society who did the standard background checks. All they were interested in was wether I would tell the truth about it or not.