Credit Check
Credit checks or CIBIL score reports provide information about a person's financial situation. They are the accurate measure of a person's financial reliability. These reports can identify defaults, late payments, etc.
A solid credit report is directly related to a person's ability to borrow, and a regular credit score review helps determine an applicant's creditworthiness and how carefully they are managing their finances. An applicant who is not in control of his or her own finances can rarely be trusted with other people's money, especially if the job is in the banking industry. This is also true if the person is being hired for a senior management position where he or she will have to make critical financial decisions that could jeopardise the financial health of the company.
All industries, especially the BFSI industry, must verify an applicant's CIBIL score. Unpaid loans, past due payments on credit cards, and a high debt-to-income ratio usually result in a low credit score.
To buy a car or a house or to get a loan, an applicant's CIBIL score is checked. Banks also consult it before issuing a credit card. The third-party vendors tasked with conducting credit checks then check the credit score and generate a credit report. Any suspicious activity that may have taken place is included in these reports.
Our proprietary platform offers credit report reviews to anyone who needs to have their credit score checked. This can be done within one day. We understand the importance of checking financial health and providing a business with the reports it needs.