Credit Report

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Credit Report

Credit cleanliness is an important aspect of one’s professional life. Credit checks are done to bring to light the financial misconduct of an employee. The employee harboring such a mindset will pose a serious threat to company’s reputation and forces it to reconsider its decision on hiring him/her. If such checks are forgone, company’s image will be in jeopardy and company’s finances would not be safe and trusted hands.

What necessitates Credit check:-

Since such individuals are more likely to creep in, a report is sought from the bank, credit rating agencies etc. The report from the above stated bodies gets in to the nitty-gritty of

  • Payment defaults on loan and credit card
  • Shell companies owned ,if any
  • Money laundering and other serious financial wrongdoings.

If any of the above misdeeds are smelt, the agency will seek the report from the concerned authorities of banks and financial organizations .Such employees can never be the custodians of the company’s financial assets.

How it’s done:

The bank or the concerned financial organization will be approached or sought a report from, whenever the need arose. The details of the transaction history are visited and are verified for the cleanliness.

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