Indian Issuers Track Card Defaulters Through Job Sites

Indian credit card issuers are using job sites to track down credit card defaulters, local newspaper Economic Times reports. Recovery agents for issuers are tracking resumes on job sites to trace credit card users, especially younger ones, who may have defaulted on their cards and absconded, the paper reports. A source confirms this to CardLine Global. "The economic downturn has a role here," a recovery agent for one of India's biggest card issuers tells CardLine Global. The agent requested anonymity because the issuer had not authorized him to speak to the media. "With many people losing their jobs, there are many instances of cardholders shifting locations for a new job or even avoiding their card dues," the agent says, noting his employer has struck data-sharing deals with the major job sites in India. "So now we just run through the database for any defaulter we are looking for," he adds. "Since most people keep their real addresses on their resume, our job becomes easier." CardLine Global contacted three job sites operating in India–Naukri, Monsterjobs, and Timesjobs–but officials at each declined to comment on the issue.