Something interesting I found in the comments archive and which I felt would benefit a wider audience. I once had a Savings Account with Standard Chartered Bank (SCB) through my employer. Once I shifted my job, I naively emptied the account to have a zero-balance and left it at that. About 6-years later, I got […]
According to this circular issued by the Reserve Bank of India, we’ll now have three credit information companies: Credit Information Bureau (India) Ltd. or CIBIL Experian Credit Information Company of India Private Ltd. Equifax Credit Information Services Pvt. Ltd. CIBIL is in operation since January, 2001; the other two are yet to commence the business […]
Six months back, I’d complained that, While one can request for a copy of one’s credit report while applying for credit, what about those who’re not inclined to avail credit right away. How then does one access one’s credit information report? What about those who’ve already availed credit facility? Surely, they’d like to know their […]
I’d raised a few questions when I last wrote about accessing your credit scores in India. A couple of days later, the Economic Times published an interview featuring Credit Information Bureau (India) Limited (CIBIL) addressing these very concerns. It’s a must read, especially if you’ve previously availed credit or are planning to. Awareness Fridays is […]
I’ve previously written about the Credit Information Bureau (India) Limited (CIBIL). To repeat, CIBIL or Credit Information Bureau (India) Limited is India’s first credit information bureau and is a repository of information, which contains the credit history of commercial and consumer borrowers. CIBIL provides this information to its Members (i.e. banks and other financial institutions) […]
Have you ever been rejected for a loan or some other form of credit (such as a credit card) and then wondered why your case was rejected? Though a financial institution must now tell you why your application was rejected, there is a lot more that goes on behind the scenes. Enter CIBIL. CIBIL or […]