Credit Information Reports
The data that CIBIL collects is used in creating credit information reports, also known as CIRs. These reports contain the basic borrower information (such as names, DOB's and addresses), past payment history, overdue amounts, records of all the credit facilities availed by the borrower, suit-filed status and number of inquiries made on that borrower, by different Members.
CIBIL hasn't been able to live up to its own claims and the expectations of its users / stake holders with regards to quality of reporting and improving ways to ensure correctness of information of individuals. Its reporting is marred by non updating of records / wrong reporting and scores of individuals suffering on account of inefficiencies of CIBIL
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Famous quotes containing the words credit, information and/or reports:
“The thief steals from himself. The swindler swindles himself. For the real price is knowledge and virtue, whereof wealth and credit are signs. These signs, like paper money, may be counterfeited or stolen, but that which they represent, namely, knowledge and virtue, cannot be counterfeited or stolen.”
—Ralph Waldo Emerson (1803–1882)
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“Journalism without a moral position is impossible. Every journalist is a moralist. It’s absolutely unavoidable. A journalist is someone who looks at the world and the way it works, someone who takes a close look at things every day and reports what she sees, someone who represents the world, the event, for others. She cannot do her work without judging what she sees.”
—Marguerite Duras (b. 1914)