Credit Check for Employment
Employment Credit checks are crucial for assessing a candidate's financial responsibility and stability. Checks Direct uses advanced technology to deliver accurate and up-to-date credit reports, helping businesses make informed hiring decisions and mitigate potential financial risks of adverse credit that may be associated with new employees.
Make every check count
- Register for a free account
- Apply for checks
- Expert application review
- Receive your results
Fast turnaround and accurate results
First class service and support
What is a credit check for employment?
Employment Credit Checks are a common background check used by employers to determine risk of applicants and employees. These checks can also be referred to as a Financial Probity Report and Adverse Financial Report.
These checks review financial history and identify information from the past six years, including; current and previous addresses, electoral roll data, bankruptcies, Individual Voluntary Arrangements (IVAs), sequestrations and trust deeds (insolvency data), and County Court Judgments (CCJs).
Eligibility for Employer Credit checks
Financially regulated employees are required to undergo credit checks prior to employment. However, this type of vetting check is valuable to all sorts of employers from a broad range of industries. That’s because it’s useful when you’re recruiting for a role that’s responsible for managing money.
Employment Credit Checks can be used as a standalone service or along with our other services, including DBS Checks and Identity Checks.
Our process
Our process is accessible and straightforward thanks to our bespoke system. ISO 14001, 9001 and 27001 Certified, we provide a reliable and efficient service that can be tailored to your needs.
We go above and beyond to provide first-class customer care, and one-to-one expert advice is available every step of the way from our dedicated and accredited team.
Register easily online for free
You can set up an account in a matter of minutes, submit applications on our user-friendly portal and manage checks on your dashboard.
Apply for checks
To ensure efficiency, our team will use their expertise to check your applications. We will make sure the information is accurate and valid.
Receive your results
You will be notified when the results are ready. Our fast turnaround provides confirmation of your checks and peace of mind.
Employee Credit check pricing
Our competitive pricing ensures organisations can maintain regulatory compliance and operational integrity without excessive costs. We offer transparent, cost-effective rates with no hidden fees, enabling you to conduct all necessary checks efficiently across your entire workforce.
| No of Checks | Cost ex VAT | Cost inc VAT |
|---|---|---|
| Standard Rate | £10.17 | £12.20 |
| 51 – 300 | £8.92 | £10.70 |
| 301 – 500 | £8.09 | £9.70 |
| 501 – 750 | £7.25 | £8.70 |
| 751 – 1000 | £6.84 | £8.20 |
| 1001+ | £6.42 | £7.70 |
Benefits of Employment Credit checks with us
We help you save time, money and resources. You’ll also enjoy a range of other benefits:
Regulatory Compliance
Ensure adherence to financial screening regulations with thorough credit checks.
Streamlined Process
Efficient credit checks via our intuitive online platform.
Accurate Insights
Receive reliable & detailed credit reports for accurate employment screening.
Reduced Risk
Assess financial stability to minimise hiring risks and potential issues.
ISO-Certified Security
Protect sensitive credit information with ISO-certified data security standards.
Efficient Management
Manage and review multiple credit checks easily in one central platform.
Frequently Asked Questions (FAQs)
If a credit check shows that an applicant’s ability to perform in a job could be impacted by their financial situation, an employer is within their rights not to employ the applicant.
Only the applicant will be able to see a credit check on their credit report. It won’t be visible to anyone else, so it won’t affect their credit score.
Our employment credit check screening process includes an evaluation of a candidate’s credit history, including credit score, outstanding debts, payment history, and any recent financial issues. It helps assess financial responsibility and reliability, providing insights into the candidate’s financial stability and potential risk.
In the UK, employers can consider credit history in hiring decisions, particularly for roles involving financial responsibilities. However, they must ensure that the decision is fair and relevant to the job role. The employer must also comply with data protection laws and inform the candidate if credit history impacts their application.
Financially regulated employees in the UK are required to undergo credit checks prior to employment to ensure financial responsibility and compliance. For other roles, credit checks are not legally required but may be used based on job relevance.
Supporting services
Our additional services can be used alongside Employment Credit checks to provide comprehensive compliance and peace of mind.
Explore our services
Make every check count
Keep your organisation and people safe with our independent and verified checks.
