Cibil - Credit Information Report

CIBIL - Credit Information

Report

Prepared & Presented by: Chandrakant KumawatPresented on: 30/06/2016Email Id: Chandrakant.k@myspark.inContact No : +917709847851

Agenda What is CIBIL ? CIBIL Score How It’s Calculated Understand CIR Report Can you check your CIBIL score ? Facts which impact score Improve your CIBIL Score Can you correct CIR Report ?

What is CIBIL ?

The CIBIL TransUnion Score is a 3 digit numeric

summary of your credit history. The Score is derived

by using the details found in the “Accounts” and

“Enquiries” sections on your Credit Information

Report (CIR) and ranges from 300 to 900.

The closer your Score is to 900, the more favorably

your loan application will be viewed by a credit

institution. The Score plays a critical role in the loan

approval process.

CIBIL Score

• A Healthy credit score >= 750• Score is “NA” or “NH”, which means No credit

activity in the last couple of years or No credit

exposure.

How It’s Calculated

Understand CIR Report

CIBIL TransUnion Score

Personal Information, Contact & Other details

received through an Enquiry

Page 1

Understand CIR Report

Employment Informations

Account Informations including loan details

Enquiry Information

Page 2

Can you check your CIBIL score ?

Yes, You can…

Facts which impact score

• Higher percentage of Loans & Credit Cards• Late payments or defaults in the recent past• High utilization of Credit Limits• Too many Unsecured Loans• Seeking Excessive Credit - Credit Hunger• Not tracking your credit report

Improve your CIBIL Score

• Try to Avoid Loans & Credit Cards• Make Payment on time, or pay at least minimum

due amount.• DO NOT utilize of Full Credit Limits• Balance Secured Vs Unsecured Loans• Avoid Submitting unnecessary loan/credit requests• Track your credit report periodically.

Can you correct CIR Report ?

Online Dispute Resolution Process

Thanks!Any questions?You can find me at:

Chandrakant.k@myspark.in