What is Credit Score Verification?
What is Credit Score Verification?
Credit background checks assist in confirming a person's credit-to-debt ratio history. Conduct a credit history check for positions in the banking business where fraud and embezzlement are a possibility. The needed information is obtained from the PAN card and verified by the Credit Bureau.
Furthermore, if a firm rejects an applicant based on their credit report, it must provide a clear rationale for doing so, as well as the contact information for the credit reporting organization that supplied the information. In this way, if there is any inaccuracy, the candidate will be given the opportunity to clarify it before the hiring choice is made.
How does SpringVerify help you?
Individuals having a poor financial management track record can have a direct influence on your brand's image and reputation. As a result, credit checks can be beneficial in the following situations:
- Employees in charge of the company's finance and accounting
- Employees working in the banking and fintech industries
- Positions at the executive level
How do I perform Credit Score Verification on SpringVerify?
Step 1: Request a copy of your credit report.
Obtain the candidate's PAN card information.
Step 2: Fill out the necessary information.
The information is sent to the Credit Bureau via SpringVerify.
Step 3: Gather information
Obtain the candidate's credit score with ease.
Related Articles
What is employment verification?
What is Employment Verification? When hiring someone, their prior employment history is an important consideration in their ability to perform. Unfortunately, falsifying or exaggerating their previous employment experience has become common among ...ID/Identity Verification
What is ID/Identity Verification? ID/Identity verification is verifying a person’s identity to ensure that it is the same as the identity proof/document submitted. It is a fundamental check required for many other checks such as employment & ...How is Education Verification carried out?
What is Education Verification? Employers can use education verification to verify a candidate's training, certifications, and academic history. That way, they'll be able to see any inconsistencies in the application and take appropriate action. This ...Alumni Verification
Why SpringVerify's Alumni Verification? Automate your incoming background verification requests. Say goodbye to wasted time and resources. Move from 'Cost Center' to 'Revenue Center'. Connect your HRMS for seamless, fully automated background ...Global Database Verification
What is global database verification? Global Database Verification checks whether the candidate’s name is present in any public/proprietary database of negative profiles including criminal databases, civil litigation databases, credit databases, etc. ...