Credit Information Report & Credit Scores
Your credit information report (CIR) contains details of your credit history and track record in taking and repaying loans from banks and finance companies. A loan applicant with a good credit record will find access to loans easier, faster and on favourable terms. The Credit Information Bureau of India (Cibil) consolidates the information on individual borrowers’ credit history sourced from different member credit institutions such as banks, credit card companies and NBFCs, into a single report called the CIR. This is then made available to its members (banks, finance companies) to facilitate their lending decisions.

A CIR typically contains personal details of the borrower, such as name, address, PAN, records of previous borrowings, past payment history, amount overdue, etc.

Accessing Your Report
Both member banks and you can access your credit report. For you, the report will come for a fee of Rs 142. You will have to pay Rs 450 for a CIBIL TransUnion Score inclusive of the CIR. You can fill up a CIR request form, which can be downloaded from the Cibil website. You have to submit self-attested copies of address proof (bank statement, utility bill) and identify proof (PAN card, passport, or voters ID.) You then have to send documents to Cibil along with a demand draft for the fees.

Decoding Your Score
Your score can range from a low of 300 to a high of 900. The higher the score, the more favourably it is viewed by credit institutions. There is no standard cut-off for a good score or a loan application. Different banks have different barometers.

Rectifying Information in Your CIR
If you find any discrepancy in the CIR, you can rectify it by following the steps mentioned below:
STEP 1: Access your credit report from Cibil by clicking on the link ‘Access Your Cibil Credit Report’.
STEP 2: Identify the error in your report and write with your queries and the changes you would want to be made.
STEP 3: Contact the related bank/ lender immediately and inform them of the error. Back it up with necessary proof of having cleared your dues.
STEP 4: The bank/lender has to validate the error(s) and re-submit the updated information to Cibil Rs Do not approach Cibil directly as the bank/lender has to confirm the changes and update the credit bureau.
(Updated - 18 Feb 2012)
Welcome to Indian Share Market
buy stock,buy back shares,buy and sell,best buy stocks,buy or sell sugar stocks,buy sell,online stock,buying selling,shares to buy,purchase,sell share,buy back,in India,prices,back,trading,buying,how to online prices,sharemarket sugar companies industries,news sugar industries shares tips,trading,how to invest in,investment in,learn share market price rates
investment,financial investment,companies,finance,funds,market,investment online services,return on investment,best,bond,bonds,corporate,bse India,bse live,market,bse trading,high return,high yield,advice,growth,information,opportunities,securities,strategy,long term trading,shares,stocks,stock market,bse sensex,value,delivery based trade,delivery based trading,delivery trade,delivery trading,short term,mid term,how to invest,investing,how to make money,internet business,financial planning,online business,nifty,nse India,nse live,online money making profit,investing online,make money on internet,quick,margin trading,opportunity,fund,program,nse trading,sensex,nifty,nse market
Your Desire to Earn
HomeFree Technical ChartsFree AdviceContact usSuggestions/Complaints|
Stocks for InvestmentReadersOur TargetDemat Account OpeningFree Subscription|
Disclaimer: Information presented on this site is a guide only. It may not necessarily be correct and is not intended to be taken as financial advice nor has it been prepared with regard to the individual investment needs and objectives or financial situation of any particular person. Stock quotes are believed to be accurate and correctly dated, but does not warrant or guarantee their accuracy or date. takes no responsibility for any investment decisions based on recommendations provided on website.
Financial contents like Technical charts, historical charts and quotes are taken from NSE and Yahoo sites.
Note - All quotes are delayed by 15 minutes and unless specified.

Google Adsense Ads are posted on every page of the website so visitors clicking on Ads and going to those links and carrying any financial deal is not at all related to and any financial deal should be done on their own sole responsibility.
Please read at before using any material or advice given at
Copyright © 2005-2012 All Rights Reserved