Trusted Credit Score Verifications for Candidates
Gain full visibility into your candidate’s financial reliability by verifying their credit score for past fraud, defaults, or deferred payments.
Trusted By Old Experts
Overview of Credit Check Service
An employee with the worst CIBIL record can pose a significant liability to an organization. A CIBIL check for employment is a tool that measures a person’s responsible aspect. We can check financial records because organizations want reliable candidates who can complete their responsibilities on time. Industries such as finance need to comply with different levels of risk and compliance policies to secure working operations and premises from external threats. Onboarding is a vital part of progress for business. What will happen if a company hires a financially unstable employee? It will slow down the working process and cause financial risks. Credit background checks help organizations to make informed onboarding decisions that strengthen the team.
We ensure the credit check process is compliant with legal standards
Sometimes companies don’t perform credit score verification on their employees because they think it’s a morally wrong thing to do. If an organization has consent to verify the CIBIL record of candidates, then it’s completely legal. Everybody has a right to protect their business background check, which helps us to identify unwanted elements. CIBIL score verification is a great tool that helps identify trustworthy applicants with transparency. Sometimes companies have to bear losses because of one financially unstable employee. Credit background checks are crucial for organizations that operate with large monetary sums.
Why is a Credit Check important?
Onboarding is a time-consuming process and there is no point if organization hires wrong applicants. Verification Street provide pre-employment credit check to make onboarding process more accurate with future risk analysis. A candidate with debt affects organisations on different levels such as lower working output, affect productions team performance, increase working time and cost. Credit score check can protect us from financial trouble and boost business growth. Cost cutting is not the solution to boost financial growth; it all depends on we are running company from protect it.
How Credit Check Works (step-by-step)
Document Collection
Start collecting mandatory data and ID (PAN Card) related to the applicant to initiate the CIBIL score verification.
Initiation
Running data on a portal Credit Bureaus that give accurate fast verification results.
Closure Of Verification
After a careful quality check, the initiation of preparing the final report begins.
Mandatory Information, Disclosed in Credit Check
Complete financial history
Details such as bankruptcy, debts, or loans
Financial Responsibility
Benefits of the service:
Ensure employee credibility.
It will reduce the fake hiring risks.
Increase onboarding process quality.
Secure Brand Value
Don't Just Believe Us, Hear It From Our Clients
Conclusion
People who handle their CIBIL score without any trouble shows a responsible behaviour towards society which is also beneficial for institutions with they connect. Credit score verification is not an invasion in somebody’s financial history rather companies have a right to protect their valuables form any internal or external threats.
Frequently Asked Questions
Why is the Credit Check needed for organizations?
To unitize full capacity of onboarded employee we need financial information of a candidate to know monitory independency. An employee with bad credit score can hard your organization or slow down work. CIBIL check for employment show financial responsibility.
How do we verify the Credit Check?
We need a copy of PAN card so that we can run the document on credit bureau portal where all the related financial details we can see in minimum time.
Does this verification take time?
Credit score verification is the fastest verification process that deliver results within 72 hours. Where other verification services take seven to ten days credit score verification provide less time.
For which designated positions is the Credit Check crucial?
For all the managerial and executive level positions credit score verification is vital to make sure that company is hiring a responsible employee with good values.
To initiate the Credit Check, what documents and information are required?
To initiate the CIBIL check for employment, we need general information such as name, address and a copy of PAN card to upload all the data on credit bureau portal to find out financial history.
Let’s Build Trust for Your Business Together.
Delhi NCR
Verification Street
Quantam Building , C3 ,
4th Floor, Sector 3 Noida UP
201301
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