Could debt advice harm your job?
Most lines of work are not affected by debt or debt solutions, as having debt shouldn’t impact how you carry out your responsibilities. If you have any doubts at all, it’s always worth talking to your HR department, or getting independent advice from your trade union representative if you have one.
By taking a look at your employment contract, your union rep or Human Resources (HR) department can let you know if giving reduced payments to debts or entering a debt solution could affect your job. Your HR department should treat your enquiry confidentially, so you should be able to find out where you stand without it impacting your job.
Very few jobs require a perfect credit rating. Unless you work in the financial sector – for example banking or accountancy – it’s unlikely that your employer would perform a credit check on you.
When it comes to the solutions we offer, one that could potentially have an impact on a person’s job is bankruptcy. Less formal solutions such as a debt management plan shouldn’t have any effect on your employment. It’s still best to check however as debt management plans are based on paying lower than the minimum amount, and will affect your credit rating.