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:
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“I was brought up to believe that the only thing worth doing was to add to the sum of accurate information in the world.”
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