Shocking ! – Job Rejection due to Bad CIBIL Report


Your credit score is going to affect your Employment . Yes – that’s happening already. A lot of companies especially Finance and Software Companies have started asking candidates to present their CIBIL report and score (or any other credit report) at the time of  interview and it has started playing a role while selecting a candidate. So if your credit report is bad because you have not paid your loans on time or if you settled your loans in past, you might get rejected in your next job interview provided your prospective employers looks at your cibil report/score. Note that its a standard practice internationally to check credit score before employement and various other purposes



3 Real Life Example of Job Rejection due to Bad Cibil Report

I am sharing with you 2 real life example’s where credit report was asked before interview and they were eventually rejected (there can be other parameters for rejection apart from the bad credit report)
Example #1 – How Sapan was rejected a job in HDFC
Sapan a reader of this blog was rejected twice by HDFC Bank and a NBFC just because there was a credit card dispute on his credit report and he could not convince them that it was his fault.

I lost the Job twice in HDFC Bank even after got selected for Relationship Manager but rejected by HR team because of my credit card dispute which was stolen and unauthorized transaction took place of 50000/-. In the end of the day I was failed to convince the HR team and I was forcefully to pay 50000/- and got a job in one of the NBFC which also checked my CIBIL before getting job.
Example #2 – Rejection by Indian company for a Bad Credit Report from US
Even those who are coming from US to India and looking for Jobs , employers are asking their US credit score – Here is an incident which happened with Nandish’s friend , this sharing was from Nandish

He was in US for almost 8 yrs. During that time he created a lot of debt for himself. His job transfer got him back in India, he knew his credit score in US is bad and he never bothered about it as he thought now he will be staying in India. His job was going on well and his life was comfortable. On one fine day he decided to quit his job and started his own business. He could not make it in business, his social responsibilities forced him to get once again in job. He started applying in different companies and finally one Bangalore based company offered him 16-20 lac pay package. He was excited and thrilled to get this offer. This company was US based and one of the most important criteria they would check is their US credit score…My friend tried hard to convince them but finally he was not selected. To improve his US credit score he is now really working hard but nothing seems to be working for him.
Example #3 – How an Indian Bank asked for CIBIL report
One of the reader was asked for her CIBIL report when she applied for a job in an Indian Bank, She applied for cibil report and handed over to the bank, the bank has not followed up with her after that.

I have applied for a job in bank and they have to check my CIBIL. I have a loan taken just 2 months back and only one installment hit my a/c thru cheque and tht was honored. Bank want to check my CIBIL before hiring. I haven’t had any bad experience but ya this is first time my CIBIL gonna check… and might be there is some problem according to bank ppl as they have not reverted me after my cibil check.


Comments

  1. AnonymousMay 17, 2013 at 10:48 PM

    I was going through the same problem few months back , then i consulted credit sudhaar ,they helped me in paying my debt and also counselled me in taking decisions to improve my credit score. I would suggest you to consult them once. You can contact them on 022-67886788 or can visit their websites at www.credit sudhaar.com

    ReplyDelete
  2. UnknownJuly 17, 2013 at 11:45 PM

    I had no idea my credit was bad. The guys at Credit Sudhaar analysed my report. The process took some time but my credit was restored, enhanced and protected. I have no reason for complaints.

    ReplyDelete
  3. UnknownOctober 22, 2013 at 10:46 PM

    My application was rejected. Credit Sudhaar was my choice. Initially they were slow. But their counsellors were able to handle all my queries. I will give Credit Sudhaar a positive review.

    ReplyDelete
  4. AnonymousNovember 8, 2013 at 10:41 PM

    My loan was rejected. Credit Sudhaar was my choice. Initially they were slow. But their counsellors were able to handle all my queries. I will give Credit Sudhaar a positive review

    ReplyDelete

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