Know if you are in CIBIL's list of defaulters or not

Many people have at some time or the other faced the problem of being denied a loan or a credit card on the grounds of not being eligible for the same due to bad credit history. Often people are unable to understand why their name is in the list of defaulters and do not know how to remove their names from the same.
Credit Information Bureau (INDIA) Limited (CIBIL) is the central repository of credit information of all borrowers. It contains data of the credit history of all borrowers associated with the member banks / financial institutions.
When a borrower approaches a bank for a loan, the bank first gathers a Credit Information Report (CIR) of the borrower from CIBIL and on the basis of that judges the credit worthiness of the borrower and decides whether to grant him credit or not. In many cases the lender may even procure a CIBIL credit score.
CIR is a factual report which gives an idea on the credit payment history of the borrower which has been compiled from information collected from different credit grantors based on a scorecard model. It helps banks to prevent the risk of bad loans by lending to borrowers who may not be creditworthy.
A control number is generated every time a CIR is requested from CIBIL by a prospective lender. Control number refers to a nine digit unique number which enables CIBIL to track an individual's credit report from its database. Every time a bank seeks a credit report of an individual from CIBIL, a new control number is generated.

How can one check his Credit Information Report (CIR)

Every individual has the right to access his Credit Information Report (CIR). It is through this that a person can check and analyze whether he is in the defaulter list of the concerned bank or not.
CIBIL does not confer any entity / individual as a defaulter. It only gives an idea about the actual credit status of the borrower. Whether an individual is to be considered a defaulter is entirely at the discretion of the concerned bank.
Borrowers can access a copy of Credit Information Report (CIR) by applying for one on the CIBIL website. The payment can also be made online. For more details, kindly refer to

The following documents are required in the process:
• CIR Request Form
• Identity Proof (PAN/Passport/Voter's ID)
• Address Proof ( Bank Statement/Electricity Bill/Telephone Bill)
In case a person has cleared his dues with the bank and the same has not been updated with CIBIL, the process to be followed to file a CIBIL Dispute is also highlighted in the CIBIL website. Or you can get CreditMantri to help you with this.

How CreditMantri can help you?

At CreditMantri, we assist our clients to procure their CIBIL report and credit score, conduct a detailed review and produce a comprehensive Credit Health Check Report. This report contains recommendations on how to improve and maintain one's credit score. Our primary intent is to improve the credit score of our client and make them "loan worthy" within a reasonable period of time.
CreditMantri can also assist with filing a CIBIL Dispute to correct errors in your report, negotiate with your lenders and may even be able to provide you with a loan to repay your overdue loans (t &c Apply). If you loan applications are getting rejected, or if you are planning to apply for a housing loan within the next 12 months, this may be a good time to contact CreditMantri.

Credit Report

Your credit report directly impacts your ability to obtain a credit card, buy a car or a home, and may soon impact your ability to rent an apartment, or even get a new job. Knowing how to read it, understanding how to improve your credit rating, and correcting inaccurate information are in your best interest.
You can access your Credit Information Report (CIR) directly from Credit Information Bureau (India) Limited (CIBIL). The CIBIL CIR is a record of your credit payment history compiled from information received from credit institutions. The purpose is to help credit institutions make informed lending decisions - quickly and objectively, and enable faster processing of your credit applications and provide speedier access to better credit terms.
A credit rating is usually a number computed by approved credit rating agencies. This number is also called the Credit Score and is between 300 to 900. It represents your credit history and indicates your financial and credit health. Anything above 750 is considered a good score. All banks usually look at the credit score as one of the many checks they do before advancing a loan.
A good score alone does not mean a person can get the loan he wants. Bankers additionally look at the status of previous loans and the payment for such loans. A previously settled or a written off loan is likely to impair the ability to take more loans. Credit history, outstanding loan value, loan types, recent credit events, etc. affect ones credit score.
We can assist you with obtaining a copy of your credit report. CIBIL charges a nominal fee to provide you with a copy of the report. From the report you get an idea of how creditors assess your applications for credit and/or loans.
You can make an appointment with CreditMantri for an in-depth credit report counseling session. We can help you make sense of your report, and guide you on how it could influence your money management decisions.
CIBIL suggests that you contact the lender from whom you availed of the loan to request any rectification of inaccurate information. The lender then reports the changes to CIBIL so that the necessary updates are made to your records.CreditMantri can assist you with this.
We can assist you with obtaining the CIBIL report as part of the review, or you can obtain the CIR on your own. If you are interested in a credit report review.
A good credit score is one of the most important eligibility criteria based on which a bank gives you a loan. Your credit score, which the Banks check through CIBIL, is a precise indicator of your credit history which reflects factors like: -
• Record of late payments and defaults.
• Loans and credit cards that you currently hold.
• Diligence towards paying loans and credit card bills.
• Number of loan and credit card applications submitted by you.
Diligence towards repayment and having secured loans like home or auto loans works positively for your CIBIL score. On the other hand, payment defaults and too many loan or credit card applications can have a negative impact on your CIBIL score.
A good CIBIL score helps banks to determine your credit-worthiness and approve loans and credit card applications faster.

Parameters on which CIBIL score is based
All the parameter on which your CIBIL credit score is based, are not a publicly announced by CIBIL. But it is widely believed that for getting a good CIBIL score you should have a good rating on the following parameters.
1. How many instances of late payment/missed payments you have in the past
2. Do you possess and maintain a large number of credit cards and loans
3. Are you in a habit of utilizing your credit limits fully
4. The proportion of unsecured debt to secured ones in your profile
5. For how many borrowers you have acted as a current and for how much amount
6. Do you frequently inquire about your CIBIL score
7. The duration of your and un-tainted credit history
8. How often you are able to settle your loan timely

What is CIBIL?

Established as the Credit Information Bureau (INDIA) Limited or CIBIL in August 2000, CIBIL is India’s first Credit Information Company (CIC) and is the central recorder of the credit information of all the borrowers. CIBIL collects and maintains all the record of each particular individual regarding the loans and credit cards and provides the same information to all other financial institutions, so that the banks can be aware of your credit history before approving your loan.
This information is provided to CIBIL by the member banks and finance houses. Every time you borrow a loan or avail a credit card, your credit and repayment information is collected and submitted by the member bank to CIBIL on a monthly basis. This information is collected and recorded to create a Credit Information Report (CIR), which is in turn shared with all the other banks and financial institutions.
The next time you walk into a bank to apply for a loan, your CIR is first verified by the bank, to prevent the bank from providing a bad loan or lending money to borrowers who may not be credit worthy.
Thus, the CIR is your credit score sheet, which the bank verifies before approving your application. CIBIL has played an important role in the Indian financial system, providing efficient information and preventing a bad situation.

How does it work?
To approve you a loan, the credit lending organization must gather your credit score and repayment history, which may be spread over at various institutions. CIBIL collects and organizes your data and provides the same to all the banks and financial institutions, which by default are members with CIBIL. The bank uses this collective credit history to determine whether your application should be approved. It helps the bank to function efficiently and in an economical way.
Thus a CIR is a factual report which provides an idea on your credit and payments history. Every time a lender seeks a CIR of an individual from CIBIL, a unique nine digit control number is generated which the CIBIL uses to track an individual’s report from its database. A new control number is generated every time a request is made.

Can you check your CIR?
Every individual has the right to obtain his/her respective Credit Information Report (CIR). It is through this that you can determine your credit scores and standings. CIBIL does not mark you or any individual as a defaulter, but it is just mentions a particular score on your CIR. It is entirely dependent on the respective bank to determine who it considers a defaulter. The CIR credit score or the Trans Union score ranges from 300-900.
You can access a copy of your CIR by applying over the CIBIL website. You can make the payment online as well. You can find out more details at
Documents to be required in the process:
• A CIR request form
• Identity Proof of the requestor (Voters ID/PAN card/DL/Passport)
• Address Proof (Electricity bills/Passport/Bank statements)
• In case you have cleared off your debts but your CIR has not been updated with CIBIL, all you need to do is to:
• Log on to the CIBIL website.
• Purchase your CIBIL credit report.
• Identify the error.
Get in touch with CIBIL through the Online Dispute Form to get the error corrected.
Be advised that CIBIL needs the Control Number of a CIR when you are raising a Dispute Resolution request so that it can review your report and make the necessary amendments.

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