Unsecured loans and impact on job offers

[Monocle]

Hi all

Just wanted to check if all MNC employers subject employees to credit check? Are they able to check on your credit report or is this restricted to banks only?

Will it impact your chances getting an offer from a big company? Or only in roles directly managing cash?

Any advice from HR professionals will be helpful, thanks

Many companies do not check their employee's credit scores, so it's up to the company. You can ask if you need to know, before you apply.

Originally Posted by Monocle

Hi all

Just wanted to check if all MNC employers subject employees to credit check? Are they able to check on your credit report or is this restricted to banks only?

Will it impact your chances getting an offer from a big company? Or only in roles directly managing cash?

Any advice from HR professionals will be helpful, thanks

Is it true that for job applications with govt agencies, the applicant will be disqualified or fail the security clearance if he/she declares existing outstanding unsecured loans? Can anyone shed some light on this please?

Originally Posted by Unregistered

Is it true that for job applications with govt agencies, the applicant will be disqualified or fail the security clearance if he/she declares existing outstanding unsecured loans? Can anyone shed some light on this please?

Anyone got any experience related to this situation?

Originally Posted by Unregistered

Anyone got any experience related to this situation?

if your unsecured loan / debt is don't know more than how many mths of the salary, think is count as financial embarrassment whh govt agency may deliberate twice if whether to hire the pax?

financial embarrassment iirc may be grounds for the agency to give the golden handshake or something

Originally Posted by Unregistered

Is it true that for job applications with govt agencies, the applicant will be disqualified or fail the security clearance if he/she declares existing outstanding unsecured loans? Can anyone shed some light on this please?

no matter hw hard u try to hide when ticking the declaration form,
govt agency have ways to find out
in event u make material false declaration, u can kiss any employment chances goodbye

does anyone know if having unsecured debt > 3 months last drawn will affect employability?

i used debt to buy t-bills and i could repay them anytime, but recently i was made to indicated that when i apply for job

also is education loan considered unsecured debt?

Originally Posted by Unregistered

also is education loan considered unsecured debt?

It depends. If the loan has guarantor(s), it is secured.

Govt agencies tend to have security clearance which will check for any loans or debts.

The quantum also matters.

Some big companies are also known have their own clearance which is similar to govt agencies.
.

Originally Posted by Unregistered

does anyone know if having unsecured debt > 3 months last drawn will affect employability?

i used debt to buy t-bills and i could repay them anytime, but recently i was made to indicated that when i apply for job

u still employed or currently out of job?