to tie myself up in knots and argue with DH over this?

[TheMrsClooney]

DH and I are having an argument and clearly I am right

In all honesty this is a rather serious matter so any advice from those more knowledgeable will be appreciated. Here goes!

After months of unemployment I have finally found myself a job (even though it's incredibly monotonous and the pay is crap). Everything is done and signed but now they need to do some checks and make sure I am not lying about my education and employment history etc. Rather standard, I imagine. Since this is a job related to banking, a credit check will also be required. I had never cared much about my credit report until now, but since I knew they were going to be pulling it up, I thought I might as well check and see what's on it before they do. Everything looks good, I've paid the bills on time, no credit cards, no debt.

However there is one teeny, tiny blemish. Around 19 months ago I was out of the country to take care of my ailing sister and I fell a few days behind on my bank overdraft payment without realising it. So there are these two months where it says that the overdraft payment of some £20 was late. I have a separate saving and current account and while I don't have any formal overdraft agreement, the bank randomly allows my debit card to go 20-50 quid over the account limit sometimes. I usually pay it off straight away and there isn't an issue, but since I was out of the country and the card wasn't in regular use, i didn't even realise that this had happened.

SO.

I think that this is potentially bad and that i should put a Notice of Correction to explain why I was a bit late on those payments.
I also think that i might have to call HR to declare this.

My DH thinks I have lost my mind and that nobody cares about two £20 quid payments that were less than a month late some 19 months ago. He is also insisting that the NOC will only end up attracting needless attention to the late payments.

He insists that employers will usually not even be able to see a NOC because it is only for lenders, whereas I disagree.

Who is right?

[ChristmasCareeristBitchNigel]

I have a job which has an extremely high level of personal and financial vetting due to access to confidential information. I have lots of late/missed payments on my credit history. I have been vetted every 3 years for the last 9. No issues at all

[glastocat]

Oh yes, bankruptcy rules you out of a lot of finance jobs.

[glastocat]

The Mrsclooney as others have said they can only check for defaults or CCJs, they are not going to be at all interested in two tiny late payments, and tbh if you disclosed them they will be a bit in my experience. Relax, really this is not the kind of thing they are looking for at all.

[custardo]

i would be very surprised if one shit was given

[tweedledumtweedledee]

A potential employer is only allowed to see the 'public' data held about you so unless you have any ccjs, bankruptcy or any other issues with say the electoral register, they can't see it.

[joanofarchitrave]

I bow to the opinion of the majority; however, I would call them and let them know, just because my overall operating principle is NEVER let your manager be surprised, always approach them first. I wouldn't bother with a NOC though.

[Bogeyface]

Mrs I dont know 100% as I only applied for a job but I was told that it was CCJ's and Bankruptcy in the main, or major defaults on mortgages etc. I was told it was because if you own finances arent in order then you would not be considered suitable to offer financial advice to others, would flag up as being more likely to commit fraud if you have had financial difficulties. The pay was shit so I withdrew before the credit score was done, but I understood it to mean that a couple of late payments for your phone bill wouldnt make a difference but a CCJ would.

I would be very surprised if it would make a difference to your application tbh, especially as the payments were made so it isnt a default, just late.

[TheMrsClooney]

glastocat- then what are the sort of things that they normally look for? I am still a bit hazy.

[glastocat]

Your dh is right. I've worked in finance for 20 years, they won't give the tiniest fuck, really.

[WilsonFrickett]

If you want to put the notice on to help with your overall credit score, then do so. But honestly, this won't affect your employment checks at all. I also think it's highly unlikely that an actual HR person from your actual bank will be doing it btw, it will be outsourced so they'll just get a tick form back.

[TheMrsClooney]

I called up a helpline today for advice on this issue and they had nothing concrete to offer. They said I could put a notice if I wanted and it was also OK if I didn't.

[TheMrsClooney]

Felyne, yes I didn't even remember that this had happened until I saw my credit report recently. Had I remembered I would have brought it up when they called. However, now I feel a bit silly and awkward to call them up and bother them with a story about how I was late with two overdraft payments over a year ago.

I suppose I have no choice but to wait and watch. If they see it and ask me about it, I will answer honestly.

[StatisticallyChallenged]

I agree with your dh-I work in finance and have for years. I've also just passed the check for a new job and I know that I had gone over my overdraft a couple of times in the last year. They are looking for far more serious issues.

[cornflakegirl]

I agree with your DH that they won't care. BUT if you're anything like as bad a liar as me, given that you have checked, and you did think it might be an issue, I'd give HR a quick call to explain. Even if you do draw attention to it, they're not going to withdraw the offer because of it, and that way you definitely don't have to have a conversation afterwards where you have to pretend you thought they wouldn't notice.

[Felyne]

Had you forgotten this had even happened until you happened to check your credit record? It's such a minor thing, I shouldn't think it would matter, but as others have said if they happen to ask about it then just explain then. Given your reasons I'm sure they'd understand.
I would guess that their concerns are more if you're going to be dealing with money in your job, and if they find you have personal financial worries they may be concerned that it might make you more likely to commit fraud or somthing.

Congratulations on the job though!

[MrsTerryPratchett]

I see a lot of credit checks for work and I am assuming that they won't give the tiniest shite about a resolved, old, not serious issue.

Tell your DH he is right from me...

[feepea]

Nothing to worry about.

[TheMrsClooney]

Damn! I hate when he's right

[TheMrsClooney]

Anyone here who works for HR at a bank or finance firm?

[bellablot]

Agree with your DH, your worrying yourself over nothing, they won't even look at this

[mrsrupertpenryjones]

If you employer has asked you if you have anything to disclose I would just tell them. Chances are they won't care one bit - but it's more about being open and honest.

We do credit checks on our employees and we ask people to talk to us if they have any concerns. It's much worse if they don't tell us anything and then something come us - it makes us wonder what else have they not told us.

We only check for CCJ's and bankruptcy though so in your situation there wouldn't be a problem and to be fair even if there was an issues with payment we would just expect a plan to be in place and then when the check is repeated at the next annual check we would expect to see a reduction in the amount owed in line with what we were told was bring paid off.

The issue is about risk - if you are in lots of debt and need money quick or are under financial pressure you could be more likely to commit fraud to get money.

I really wouldn't worry though.

[mumofweeboys]

Agree with your dh