CIBIL Score is not only used in applying for credit but also in employability. On the other hands, it will help to make our employability better. Besides that, it will show the condition of the financial health of the employees. The number of the CIBIL Score will represent the personality of the employees, especially in organized, honest, and dependable issues. Sometimes, a few companies do not want to hire people with bad credit score because it will lead to the unfortunate condition.
Sometimes, employers see the credit score to see the personality of the employability. The bad score and good score will have an impact in the company. This condition could be useful when the companies have to hire people. It is the shortcut to see the credibility of strangers.
For employees, the CIBIL Score will help them to put a good figure in trustworthiness. The employers could see if the employees can be trusted or not. Sometimes, from that score, companies look the integrity in paying the dues. Sometimes, it could help the employers to trust their employees. However, in different condition, the score could bring bad thing because it could show that the companies cannot trust the employees much, mainly in finance sectors.
Possibility of litigation
Sometimes, a company does not want to hire employees with bad credit score because there will be a strong possibility in legal problems. Mostly, the company does not want to involve in the lawsuit. It will give the company bad reputation in public or some societies. Otherwise, the company may face the possibility in losing their employees because they have to solve their lawsuit problems. Aside from the lawsuit issue, the employees with bad credit or a lot of pending dues will prove that they are the liability of the company.