Few things are more telling about an individual or businesses financial standing and money management behaviour than a credit check.
This is a group of checks that aim to uncover the underlying financial habits of a subject through a 24 month window across the main credit bureaus, i.e. Transunion, Experian, CompuScan & XDS.
As part of the background screening process, credit checks involve examining an individual's credit history, including their credit score, payment history, outstanding debts, and any instances of financial delinquency or bankruptcy. (Please note: Credit verification checks should only be conducted with the candidate's consent).
Determine a candidate's financial responsibility and their approach to managing financial obligations. Those who demonstrate responsible financial behaviour are more likely to handle company resources and finances responsibly. Credit checks empower an employee to make an informed decision on filling positions which require individuals with a sound financial track record.
Create a safe working environment by hiring applicants with a stable credit history, reducing the chances of sudden financial distress that may affect job performance.
Conduct a credit checks to assess potential risks associated with hiring a candidate. A person with significant financial troubles might be more susceptible to external pressures, which could potentially impact their job performance or decision-making.
Whether you need to check one candidate’s work history, or hundreds, Dots360 helps you scale your screening process and reduce administrative burden. We combine a simplified candidate workflow with advanced technology and a team of experts to provide timely, accurate employment verification checks.
