starfishfood.com

The credit information bureau of India is a body which preserves the entire payment history of an individual about all the loans and advances that he or she possesses in a report. This report is called credit report of an individual. This report helps the CIBIL member banks who have registered with the credit bureau to take the lending decision on a particular file as this can show the entire back ground of the applicant. The member banks of cibil consist of almost all private banks, nationalized banks and other lending institutions and only these members have the authority to view the credit reports.