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:
“Bless my soul, Sir, will you Britons not credit that an American can be a gentleman, & have read the Waverly Novels, tho every digit may have been in the tar-bucket?”
—Herman Melville (1819–1891)
“Many more children observe attitudes, values and ways different from or in conflict with those of their families, social networks, and institutions. Yet today’s young people are no more mature or capable of handling the increased conflicting and often stimulating information they receive than were young people of the past, who received the information and had more adult control of and advice about the information they did receive.”
—James P. Comer (20th century)
“He who is only a traveler learns things at second-hand and by the halves, and is poor authority. We are most interested when science reports what those men already know practically or instinctively, for that alone is a true humanity, or account of human experience.”
—Henry David Thoreau (1817–1862)