Free Credit Score – Check Your Credit Score Report Online
CIBIL stands for Credit Information Bureau India Ltd. It is the agency in India that provides credit reports and scored for individuals and businesses. CIBIL is like any credit bureau in different countries and shares credit reports, called credit information reports (CIR) for individuals. These credit reports reflect the credit worthiness of the individuals and help the banks make decisions on loan applications. History of CIBIL CIBIL was started in the year 2000 as the first Indian credit agency. India did not have a credit rating agency before 1999 and that was preventing the expansion of credit in the economy. With CIBIL starting operations as a credit agency for India provided the opportunity for Banks to reduce their Non-performing assets and for customers to have more customised loan offering based on their credit rating. CIBIL has two technical partners TransUnion International and Dun and Bradstreet, both of which are leading global credit agencies. TransUnion is the ...