What type of information is NOT included in the CIR?
• Income / Revenue details • Amount(s) deposited with the bank • Details of borrowers’ assets • Value of asset(s) mortgaged • Details of investment(s) Q.12 When is a credit facility classified as ‘default’? CIBIL does not classify any accounts as default accounts. It merely reflects this information after the Member has classified it as such. The Number of Days Past Due and / or Asset Classification as per RBI definition as submitted by Members is reflected in the CIR. Q.13 How do I ensure that a CIR drawn on me as an individual / organisation does not contain negative information? The best preventive measure is to exercise good money management practices and make repayments on time. Please see ‘How to improve your credit’ section for more details. Q.14 If I am a first-time borrower, will I be at a disadvantage as there will be no information on me? As a new borrower, there will be a new file created for you. It will then be in your interest to build up a favourable repayment track rec
