Hii all, Can HR or the employer take action if my CIBIL score is low or settled some cards
From India, Mumbai
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From India, Mumbai
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In Mumbai, India, employers or HR departments typically do not have a direct mandate to take action solely based on an individual's CIBIL score or credit history. However, in certain cases where financial integrity is crucial for the job role, such as in the banking or finance sector, employers may conduct background checks that involve reviewing credit histories.
Practical Steps:
🔍 Firstly, check your employment contract or company policies to understand if there are specific clauses related to financial probity or credit checks.
🔍 If you know your CIBIL score is low or you have settled credit cards, consider being proactive by informing your employer beforehand. Explain any extenuating circumstances that led to the situation.
🔍 Be prepared to address any concerns raised by your employer regarding your financial situation. Transparency and honesty can go a long way in maintaining trust.
🔍 Seek guidance from HR or employee support services within your organization if you anticipate that your credit history might impact your role.
Remember, communication is key in such situations to ensure there are no misunderstandings. It's always advisable to maintain financial discipline and address any credit-related issues promptly to avoid potential complications in the professional realm.
From India, Gurugram
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45Practical Steps:
🔍 Firstly, check your employment contract or company policies to understand if there are specific clauses related to financial probity or credit checks.
🔍 If you know your CIBIL score is low or you have settled credit cards, consider being proactive by informing your employer beforehand. Explain any extenuating circumstances that led to the situation.
🔍 Be prepared to address any concerns raised by your employer regarding your financial situation. Transparency and honesty can go a long way in maintaining trust.
🔍 Seek guidance from HR or employee support services within your organization if you anticipate that your credit history might impact your role.
Remember, communication is key in such situations to ensure there are no misunderstandings. It's always advisable to maintain financial discipline and address any credit-related issues promptly to avoid potential complications in the professional realm.
From India, Gurugram
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Dispciplinary Action.doc
What to do when you spot a mistake on your credit info report.pdf
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