What is an Adverse Credit Check?

An Adverse Credit Check is a type of pre-employment screening check that employers can carry out on current or prospective employees.

It will reveal any serious adverse credit history the applicant has.

They can be an invaluable part of the pre-employment screening process, enabling you to make more informed recruitment decisions. They’re especially useful for employees who will have access to cash, accounts or valuables.

Adverse Credit Checks are a great way to ease any potential worries over staff fraud or dishonesty. For example, an employee who is shown to be economically vulnerable could be more open to accepting bribes, which could put your organisation at risk.

Our simple online system can help streamline and shorten your pre-employment screening process. The dashboard shows the status of all applicants at a glance, and you’ll get an automatic alert as soon as a check is complete.

‘Adverse credit’ refers to any late or non-payment on a person’s credit history. The following types of adverse credit will show up on a financial probity check:

• Individual Voluntary Arrangements (IVAs) – a formal agreement between you and your creditors that helps you repay what you can afford towards your debts.
• County Court Judgements (CCJs) – an order from the County Court instructing you to repay a debt.
• Bankruptcy – a legal proceeding involving a person or business that is unable to repay outstanding debts.