A CIBIL report is a detailed breakdown report of any individual’s credit history prepared by the CIBIL. The Credit bureau collects all financial information about individuals and creates credit reports based on the received data, and lenders use the reports along with other details to determine loan applicants’ creditworthiness. Read your Cibil report carefully.
Credit reports also include personal information such as the individual’s current and permanent addresses, PAN card number and employment history. These reports include a credit history summary which has the details of all bank loans or credit card accounts that are past due or in good standing. They also reflect detailed account information related to high balances, credit limits and the date accounts were opened. Credit reports typically divide information into Six sections:
- Personal information
- Contact information
- Employment information
- Account information
- Enquiry information
- CIBIL score
Continue Reading : The revelation behind my CIBIL report
Credit score 