In this article I will be writing about the credit report or credit history and the new system introduced by CIBIL to find the credit history for a customer. After reading this article you will realize the importance of this new system. Please post your thoughts in the comments section. Subscribe to our future articles here.
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What is Credit Report?
If you are holding account with SBI for the period of five years. You would have done so many credit card transactions and possibly availing personal loans with the same bank or any other bank which you have repaid ontime or with any penaly amount. These are all the details about you as the customer with SBI and it tells about your honest on repaying the loans and what is your capacity.
A report which contains all the financial transaction details about a customer irrespective banks is called as Credit Report. This report will be very useful for the banks to decide whether they can issue a credit card to that particular customer or whether he will be pay the loans without cheating the bank. It will be good for customers and banks to process the application without making much delay.
Credit Report from CIBIL?
Credit Information Bureau of India Limited (CIBIL) is a company well known for maintaining the history of each customers. All the banks submit their customer details to CIBIL to share with othe banks. At present there is no system to check for repayment history of a customer. It makes difficult for the banks to use these data.
Few weeks ago CIBIL announced that introduced a manual system to provide consumers with their own credit history on a test basis. A written communication from CIBIL has clarified that CIBIL has started offering Consumer disclosures through an interim solution. This interim solution is a testing phase and we will be able to operational the full-fledged Consumer Relations System basis our learning from this phase.
CIBIL is also developing the infrastructure, systems and processes for an automated solution that would be needed to enable an individual direct access to their Credit Reports from CIBIL on-line . The full-fledged Consumer Relations System will have world-class features that will allow consumers to access their report on-line and banks to respond to errors via an on-line maintenance tool. The automated phase is expected to be ready by the beginning of next fiscal year.
Summary
CIBIL is one among 4 credit bureaus that have been licensed by the RBI under the Credit Information Companies Regulations Act, 2005 (CICRA). Almost all of the major lenders provide details of the credit facilities given by them to their customers as well as the amounts that have fallen due and the repayment made by the customers on a periodical basis (monthly or quarterly). CIBIL collates and aggregates this information. Thank you for reading this article.
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December 10, 2011 at 4:44 am
I NEED MY CIVIL REPORT AS I HAVE TO TAKE HOME LOAN FROM THE BANK
December 10, 2011 at 4:49 am
PLS. GIVE ME MY CIVIL REPORT AS I HAVE TO TAKE HOME LOAN FROM THE BANK. MY PAN NO. IS “AFIPB1417K”
December 12, 2011 at 10:34 am
I am Niranjan Singh having Pan No BBEPS 2532P had taken LOAN against Bike Credit card $Ac from hdfc and Bajaj finance respectively. However the payments have been made, my name is lying still in cibil defaulter list. Two days before i applied for bike loan but bank rejected it Now my complain is that being an income tax payee having Nocs against above loans i was denied for bike loan . it was very painfulto me Kindly remove my name from defaulter list
December 19, 2011 at 3:54 am
Dear Sir/Madam,
Please let me know my score/rating in CIBIL.I would like to apply further for personal loan for my wife’s treatment other family need purpose and also WANT TO KNOW MY CREDIT STATUS WITH CIBIL, FOR ME TO AVAIL OTHER FACILITIES FROM BANK.
MY NAME IS IN THE CIBIL WANT TO KNOW HOW TO COME OUT OF THE SAME. My PAN No. is AOLPS 2167M
Thanks and Regards,
H.K.Srivastava
9335235559
December 22, 2011 at 10:42 pm
cibil report help and advice call 079-40099917,09687967770
cibicredit.blogspot.com
veritas.smeet@gmail.com
January 3, 2012 at 7:39 am
I WANT TO KNOW MY cibil report my pan card no is ATNPS7818L
January 5, 2012 at 4:16 am
cibil report help and advice call 079-40099917,09687967770
cibilcredit.blogspot.com
veritas.smeet@gmail.com
January 6, 2012 at 9:18 pm
Sir, It is intimated by the bankers that my name was in the CBIL, hence my personal loan has not been sanctioned. Please now the details of my CBIL report.
.
January 8, 2012 at 2:44 am
Cibil report help and advice call 079-40099917,09687967770
cibilcredit.Blogspot.Com
veritastheteam.smile777@gmail.com
March 10, 2012 at 11:10 pm
WANT TO KNOW MY CREDIT STATUS WITH CIBIL, FOR ME TO AVAIL OTHER FACILITIES FROM BANK.
MY NAME IS IN THE CIBIL WANT TO KNOW HOW TO COME OUT OF THE SAME.
Pan No is ABCPH7633P
May 10, 2012 at 9:00 pm
My Sir, It is intimated by the bankers that my name was in the CBIL, hence my personal loan has not been sanctioned. Please now the details of my CBIL report.
.I WANT TO KNOW MY cibil report my pan card no is ABYPP2812Q
May 10, 2012 at 9:03 pm
I WANT TO KNOW MY cibil report my pan card no is ABYPP2812Q
Dear Sir, It is intimated by the bankers that Credit Card Amount is overdue account name was in the CBIL, hence my personal loan has not been sanctioned. Please now the details of my CBIL report.
June 16, 2012 at 11:26 pm
Hello Dipak,
Please apply for the credit report here:
http://www.thinkplaninvest.com/2012/02/how-to-apply-for-cibil-report-online/
Thanks,
Krishna
June 16, 2012 at 11:28 pm
Hello Dipak,
If you have not repaid any loand or credit card payments, then your score will be less in the CIBIL. You have to correct that.
Thanks,
Krishna
August 17, 2012 at 11:17 am
I have a request for u please send my cibil report thanks
November 26, 2012 at 1:12 pm
Hi Friends,
If there is any issue with your CIBIL report like clearance or updation or if the CIBIL score is less than 750 we will improve where there would not be any problem in future to apply, any Loans, & Credit cards or if you getting any harassment calls please do call me or leave a MSG Syed 8095355329
December 17, 2012 at 4:40 pm
dear sir my pan card no is AAEPQ171E
PLZ MY I WANT MY CBIL REPORT
OR SALUCTION MY CON.NUMBER IS 9826392280
December 17, 2012 at 5:17 pm
dear sir i want to know my credit report in cibil..my pan num is ALFPA7058N
+919900830271 my cell no. iaruna007@gmail.com pls its urgent…i had been rejected for a loan pls kindly help….
December 28, 2012 at 9:45 pm
Let me know my cibilreport sir,my pan no.aiqpr8528j, Ramesh.R,mob.9980173309
January 7, 2013 at 10:43 am
My pan number is AEQPS6479D. I want to know my credit report
May 12, 2013 at 4:29 pm
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