Wednesday, May 15News That Matters

CIBIL

[How to] check CIBIL Credit Score & Credit Report Online in India

CIBIL, How to Series
CIBIL TransUnion Score (Including Credit Information Report) is your detailed credit history & repayment discipline. Every individual has the right to access his Credit Information Report (CIR). It is through this that a person can check and analyze whether he is in the defaulter list of the concerned bank or not. Before you apply for a Home Loan, Car Loan, Personal Loan or a Credit Card, check your Credit Score. CIBIL Credit Information Bureau (INDIA) Limited (CIBIL) is the central repository of credit information of all borrowers. It contains data of the credit history of all borrowers associated with the member banks / financial institutions. CIR is a factual report which gives an idea on the credit payment history of the borrower which has been compiled from information collected...

[How to] improve your Credit History & CIBIL Credit Score

CIBIL
Credit history is playing an increasingly important role in financial transactions. Almost all credit institutions today check the applicants credit report from CIBIL before deciding on loan and credit card applications. In addition to your credit report and credit score, lenders weigh a number of factors to determine if you are able and likely to repay the debt. CIBIL Credit report is a snapshot of your past and current credit relationships. It is now mandatory to maintain a good credit score for getting all types of borrowings from banks, whether it is a home loan, car loan, personal loan or business loan. What affects the Credit score? Following are some points that can affect your credit score: Irregularity in Loan repayment Default in repayment of Credit card bill Cheque bounce...

[How to] correct or rectify errors in CIBIL report

CIBIL, How to Series
In my earlier post, I explained – How to check your CIBIL report & score online. Once you have downloaded the report, you should check whether the information mentioned is correct and belongs to you. Have you noticed any entry which does not belongs to you ? Are there any errors ? Are you in CIBIL defaulter list because of wrong data? In this article, I will explain How to rectify such errors in your CIBIL report 1) Get a copy of your CIBIL report: Read my post - How to get CIBIL report / score online 2) Identify the discrepancies: Once you get the report, you should go through the report carefully. Check Basic details like Name, DoB, Address, Transactions etc are correct. Errors / Mistakes can fall in any of the 4 categories On your personal information Account details Own...