I did a stint last year working for the CIS as a "Financial Adviser". This involved the purchase of a book of clients, known as your "book" or "debit".
I paid a deposit and made repayments from every pay packet to repay the loan that CIS kindly gave me to "buy the book".
CIS gave me first class training that enabled me to pass FPC1, 2 & 3.
However, I have now secured work in IT again, due to the upturn in the market. I handed my notice into CIS a few months ago. Now, they want me to sign over the book to the next recipient. However, it looks as though the book's value has went down from 31K to 27K, so I'll owe CIS money!
I had hoped to get a return of the deposit at least!
These figures are supplied courtesy of CIS.
There must be many that read this newsgroup who learned their trade with the CIS, who have been through this before?
Do I just have to run with what CIS tell me, or can I get them to give me a breakdown of the figures?
I know of no other job where you can owe them money after leaving the position? Surely there must be some merit in contacting Trading Standards, Citizens Advice Bureau, etc for some advice on how to proceed. It can't be right that CIS can make these demands on you once you've left their employ?