Question

How credit check helps to prevent employees fraud in business? Explain with 2 paragraph with 2 references; For Thumbs Up.

Answer 1

Credit check is tool used by many employers when they recruit or gives a promotion to employees.These are mostly done in relations with jobs that are connected with money, a typical example for that could be a bank.Credit check gives a bunch of information to the employers about the employee relating to their debts,loans,payables,payment history of those debts etc.

This kind of informations hepls the employer to take a decision regarding the employment.For employees who has a pretty decent or a very good debt repayment feedback, it will be much easier fot them to get the job because there will be no risk from the point of the employers appointing them for job.If the employers are getting a poor statement regarding the credit, it gives them an impression that you are not organized and responsible,Which can even lead them to think that you may perform fraud ot theft.