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:
“To act the part of a true friend requires more conscientious feeling than to fill with credit and complacency any other station or capacity in social life.”
—Sarah Ellis (1812–1872)
“English literature is a kind of training in social ethics.... English trains you to handle a body of information in a way that is conducive to action.”
—Marilyn Butler (b. 1937)
“The three-year-old who lies about taking a cookie isn’t really a “liar” after all. He simply can’t control his impulses. He then convinces himself of a new truth and, eager for your approval, reports the version that he knows will make you happy.”
—Cathy Rindner Tempelsman (20th century)