A Credit Score or the CIBIL Score is a three-digit numeric summary of your credit history. The score is derived using the credit history found in the CIR. A CIR is an individual’s credit payment history across loan types and credit institutions over a period of time. A CIR does not contain details of your savings, investments or fixed deposits.
To check account number or member details you can purchase your CIBIL Score and CIR. This report will contain complete details of your credit history across various lenders and products, enabling you to check all the aforesaid information.
A CIR has detailed information on the credit you have availed, such as home loan, automobile loan, credit card, personal loan, overdraft facilities. You can download the Understand Your CIR document here for your ready reference. You can also watch a tutorial which will explain the various details of CIR. Below are the key sections of the CIR
- CIBIL Score
Your current credit score, calculated based on your credit behavior as reflected in the ‘Accounts’ and ‘Enquiries’ section of your CIR, ranges between 300-900. A score above 700 is generally considered good.
- Personal information
Contains your name, date of birth, gender and identification numbers such as PAN, passport number, voter’s number
- Contact Information
Address and telephone numbers are provided in this section, up to 4 addresses are present
- Employment Information
Monthly or annual income details as reported by the Members (Banks and Financial institutions).
- Account information
This section contains the details of your credit facilities including name of lenders, type of credit facilities (home, auto, personal, overdraft, etc.), account numbers, ownership details, date opened, date of last payment, loan amount, current balance and a month on month record (of up to 3 years) of your payments.
- Enquiry Information
Every time you apply for a loan or credit card, the respective Bank or financial institution accesses your CIR. The system makes a note of this in your credit history and the same is referred as “Enquiries”
Go through the glossary to understand your CIR better.
Banks and Financial institutions ask for a guarantor for certain loans as a means of security for the loan amount they provide. A guarantor on any form of loan is equally responsible to ensure the repayment of the loan. Hence, the guarantor provides a guarantee to the lender that he will honor the obligation in case the principal applicant is unable to do so. Any default on the payment of the loan by the principal applicant, will affect your Credit Score as well.
You can identify the Accounts in the report given by the bank by clicking here.
The reason it may be still reflecting in your credit report is because the same information has not been provided to CIBIL by the concerned Credit Institution (CI). You can raise a dispute with CIBIL and we will update you with the response from the CI. As per the Credit Information Companies (Regulation) Act of 2005, we cannot modify any information in the database without confirmation from the concerned Credit Institution.
If you have received a confirmation from the Credit Institution about the submission of revised data to CIBIL, you can check its updated status by clicking here.