I am not sure how it works these days but regardless, if you are asked whether or not you have been in any sort of arrangement with your creditors then you have to answer yes.
An IVA is available for all to see on the Insolvency Register.
Just wondering why such an old thread has been resurrected rather than a new one started.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I have just had to go through re vetting to counter terrorist level due to my job. As long as you declare it, it shouldn't be a problem. I was told the way they look at it it is not to judge but that you have realised you have financial difficulties and taken legal steps to sort it out. It actually reduces any security risk as you do not have the stress and worry of outstanding debts which could leave you open to compromise.
I work in the Public Sector and following a medical issue I've been removed from my usual job and am trying to find another job within the organisation. One of the jobs I looked at was with counter terrorism but was too scared to apply because of the vetting, but your post has given me a little confidence to at least try ... thanks !! x
Give it a go Sophie - as long as you are honest then you should have no problems.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Sophie,
My organisation have been really good. They looked at is a positive that i had realised i was in a situation and tackled it.The simple way of loking at it is if somebody is up to there eye balls in debt and somebody tries to bribe them would they take it? Look at someone on an IVA up to there eye balls in debt and the answer is no. They have tackled the problem budgeted for living expenses and the risk is far lower. With my vetting it was the first time i didn't feel embaressed with my debt. Yes i made mistakes i realised that and the IVA is sorting it. I held my head up high!
This is what annoys me with it all! We're doing something positive about it, being open and above board but sometimes we're told that we're too much of a risk.
I wonder how many people will get through such vetting because they have not yet decided to sort themselves out (head in sand springs to mind) and are much more open to bribery in my opinion.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
When we entered our IVA we where made to believe that an IVA would have little or no impact on my commitments which granted are mostly voluntary. I then found out that is not the case. It is this issue of describing it as "forming a composition with your creditors" which appears in most governing documents.
I had to resign, and it has angered me greatly since. I feel it is wrong to judge people as not worthy when they are dealing with their debts as best they can.
The crazy thing is if we had gone BR then it would be done and dusted by now and I would be unaffected any more, where as now we have to wait until the IVA is completed before I can even consider any more commitment to the organisations I was working well with.
I even had a meeting with one of the organisations CX and he assured me they would look at changing the companies procedures, they did the language in the governing document now specifically says entering an IVA disbars you.
Hi Ray
It will mainly depend on the level of clearance you are required to take but I know the 'ahem' security service departments will not take the likes of us on until the IVA/BR is closed.
Anything up to SC you should get through absolutely fine - I got SC last year but it did take 6 months because I had to be interviewed by a 'field agent' - it was only a financial review though and the likes of us are watertight when it comes to budgeting arent we! The lady that interviewed me didnt see the point of having to come out to people in IVA's - its the admin people at the clearance depts that dont understand them.
Hope that helps
kallis3 wrote:
This is what annoys me with it all! We're doing something positive about it, being open and above board but sometimes we're told that we're too much of a risk.
I wonder how many people will get through such vetting because they have not yet decided to sort themselves out (head in sand springs to mind) and are much more open to bribery in my opinion.
Spot on, Jan. We have shown that we are taking responsibility and sorting matters out. Added to this, over 5 years we demonstrate that we can meet a monthly commitment and pay an often substantial sum over every month. To be honest, we are probably a "better bet" than the ostriches we probably once were.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Regarding people with lots of debt and not being in an IVA having it easy when it comes to security clearance i don't think they will as part of most security checks they will check credit files. Image them finding loads of debt a few missed payments and so on the first question How do you service all your debts? Were is the money coming from?? Alarm bells alarm bells for any security clearance. Now they look at people like us same story but Oh Yes your in an IVA no creditors can harras you ok no alarm bells with you.
I don't know so much - the vast majority of police forces these days will not employ you until you are three years post BR discharge or three years clear from an IVA.
I used to work with someone who was in a lot of trouble with debt and made no secret of the fact. He is now a police officer and had no problems getting in even though he wasn't bankrupt, in an IVA or a debt management plan.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
BR is slightly differant when it comes to the Police but an IVA should have no bearing as long as you declare it. Police Regulations don't allow you to go BR although this is not always enforced.
I only know about my situation - and totally respect that we all ended up here for different reasons - but getting into debt showed irresponsibility and poor judgement driven by greed on my part so I can understand why these character traits might make me less attractive to a potential employer. I have also chosen to walk away from a percentage of my debt by entering an IVA - so to date I have chosen to run up too much debt and chosen not to repay it in full.
Being in an IVA shows I'm a reforming character but I think it's the running up debt employers object to rather than the IVA itself - an IVA is just an unequivocal indication of unaffordable debt.
But this is why it is important that we get in there first when credit checks come up in job applications - we get the chance to explain the situation and be judged individually.
I don't like the situation and left a career in banking partly because of it, but I can't get indignant about it.
