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    CIBIL

    Uploaded by

    Gaurav Raj
    CIBIL is India's largest credit bureau that maintains credit information on over 600 million individuals and 32 million businesses. It provides credit scores ranging from 300 to 900, with higher scores indicating lower credit risk. A CIBIL credit report contains personal information, credit accounts, inquiries, and status of any past dues or defaults. Factors like the types and amounts of credit used, payment history, and number of credit applications impact an individual's CIBIL score. Exclusion codes may also be provided if adverse financial events like defaults, bankruptcies, or settlements are reported within the past 24 months.

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    CIBIL

    Uploaded by

    Gaurav Raj
    971 views14 pages
    CIBIL is India's largest credit bureau that maintains credit information on over 600 million individuals and 32 million businesses. It provides credit scores ranging from 300 to 900, with higher scores indicating lower credit risk. A CIBIL credit report contains personal information, credit accounts, inquiries, and status of any past dues or defaults. Factors like the types and amounts of credit used, payment history, and number of credit applications impact an individual's CIBIL score. Exclusion codes may also be provided if adverse financial events like defaults, bankruptcies, or settlements are reported within the past 24 months.

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    understand CIBIL report, prepared by Gaurav Raj

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    CIBIL is India's largest credit bureau that maintains credit information on over 600 million individuals and 32 million businesses. It provides credit scores ranging from 300 to 900, with higher scores indicating lower credit risk. A CIBIL credit report contains personal information, credit accounts, inquiries, and status of any past dues or defaults. Factors like the types and amounts of credit used, payment history, and number of credit applications impact an individual's CIBIL score. Exclusion codes may also be provided if adverse financial events like defaults, bankruptcies, or settlements are reported within the past 24 months.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    971 views14 pages

    CIBIL

    Uploaded by

    Gaurav Raj
    CIBIL is India's largest credit bureau that maintains credit information on over 600 million individuals and 32 million businesses. It provides credit scores ranging from 300 to 900, with higher scores indicating lower credit risk. A CIBIL credit report contains personal information, credit accounts, inquiries, and status of any past dues or defaults. Factors like the types and amounts of credit used, payment history, and number of credit applications impact an individual's CIBIL score. Exclusion codes may also be provided if adverse financial events like defaults, bankruptcies, or settlements are reported within the past 24 months.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    CIBIL

    Understanding your Credit Score


    & Why it is important

    -By Gaurav Raj


    About Credit Companies

    • Credit information • Credit Rating


    Company (CIC) Company
    1. CIBIL
    1. CRISIL
    2. HIGH MARK
    3. EXPERIAN 2. ICRA
    4. EQUIFAX 3. FITCH
    4. S&P etc.
    TransUnion CIBIL

    • CIBIL- Credit Information Bureau of India Ltd.


    • Maintains files of 600 million individuals & 32
    million businesses
    • FIs have to share customer data with CIC to get
    customer wise report
    • Score updates in 30 days
    Parts of CIBIL CIR (Credit Information Report)

    1. Personal Info: Name, Father’s Name, Address,


    DOB etc.
    2. Score (300 Highest Risk-900 Lowest Risk): Tells
    about risk grade of a customer
    3. Summary
    4. Individual A/C details
    5. Individual A/C enquiries
    6. Additional Info.
    Credit Score-
    Probability of default or
    To understand customer default risk
    •
    CIBIL:
    2 types of Score

    CIBIL Transunion
    Personal Score Score (Banks
    preferred)

    Accounts for all


    For Unsecured
    types of exposure
    Loans only like CC,
    (Secured,
    personal Loans
    Unsecured)
    Meaning of Score
    • -1: No credit history (Reason: Bank has no association with CICs;
    impossible as RBI guidelines all the banks to be a part of all 4 CICs,
    some cooperative banks may not have.) Improper Reporting, data
    Rejected
    • 0: Insufficient history, not updated in last 2 years
    • 1: Only 1 month history is available
    • 2 : Only 2 month history is available
    • 3 : Only 3 month history is available
    • 4 : Only 4 month history is available
    • 5 : Only 5 month history is available
    • 300-900: History of the last 6 months & more

    TRUST SCORE: by Credit Vidya fintech company


    1. for the people not having credit history/score.
    2. Mapped based on social media profile using public presence of
    that person.
    What exists in the CIBIL Report??
    • Credit Reports of 36 months
    • Older data is removed
    • However, defaults, write offs, Settlement data will be
    present

    Soft Enquiry: Self purchase of credit score


    Hard Enquiry: by FIs/banks
    Type of Hard enquiry can be for Secured (less
    negative impact on CIBIL score) or Unsecured
    Loan (more negative impact on CIBIL score)
    Status

    • Suit filed
    • Wilful Default
    • Suit filed & wilful default
    • Suit filed & Written off
    • Written off & wilful default
    • Suit filed, Written off & wilful default
    Status
    Status

    • Status-NIL
    • DPD: Days past due (No. of days delay happened)
    (in month and year)
    1. 000-900: Not paid days
    2. XXX: No info
    3. STD: Standard
    4. SUB: Substandard
    5. DBT: Doubtful
    6. LSS: Loss
    7. SMA: Special mentioned account
    Irregular Account
    • Account in default
    • Present DPD> 30 days
    (latest month)
    • DPD 60 days for more
    Regular Account than one occasion in
    last 12 months
    • SUB/DBT/LSS/SMA
    Reason Codes EXPLANATION using CIBIL TransUnion Score 2.0
    1. Not enough credit card debt experience
    2. Length of time since most recent unsecured account delinquency is too short
    3. Too many two-wheeler accounts
    4. Too many business loans
    5. Credit card account balances too high in proportion to credit limits
    6. Maximum amount on mortgage loan is low
    7. Total amount past due is too high
    8. Not enough mortgage debt experience
    9. Change of indebtedness on non-mortgage trades over the past 24 months
    10. Insufficient improvement in delinquency status
    11. Increase of indebtedness on non-mortgage trades over the past 24 months
    12. Too many inquiries
    13. Too many accounts with a balance
    14. Length of time accounts have been established is too short
    15. Not enough debt experience
    16. Too many credit card accounts
    17. Too many personal loan inquiries
    18. Number of active trades with a balance too high
    19. Change of indebtedness on credit cards over the past 24 months
    20. Credit Card balance too high
    21. Proportion of delinquent trades too high
    Exclusion Codes
    CODE EXPLANATION
    1 One or more trades with Suit Filed status in the past 24 months
    2 One or more trades with Wilful Default status in the past 24 months
    3 One or more trades with Suit Filed (Willful Default) status in the past 24 months
    4 One or more trades Written Off in the past 24 months
    5 One or more trades with Suit Filed and Written Off status in the past 24 months
    6 One or more trades with Willful Default and Written Off status in the past 24 months
    7 One or more trades with Suit Filed (Willful Default) and Written Off status in the past
    24 months
    8 No eligible trades for scoring: A trade is deemed ineligible if there is no reporting in
    past 24 months OR is reported as „Authorized User‟
    9 One or more trades with restructured debt in the past 24 months
    10 One or more trades with settled debt in the past 24 months
    Explanation of Exclusion Codes
    With every score, we will return any exclusion codes that apply for that individual.
    Please note that an individual could have a valid score – between 300 and 900 – and
    still have an exclusion code if he/she has these factors – willful default, written off and
    suit filed – on their credit report.

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