Credit Information Report
Also written CIR · Credit Information Report (CIR)
The report developed by a credit bureau from payment records submitted by lenders, used along with the credit score to evaluate loan applications.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
- Credit scoreThe number a credit information company builds from your loan and credit-card repayment history, and the first thing a lender looks at when your application arrives.
- Debt trapThe state a borrower reaches once debt is being used to meet ordinary living expenses, so fresh borrowing becomes necessary to service the borrowing already outstanding.
Where this is taught
Free preparation for NISM Series SEBI-ICERelated terms
- Credit Information CompanyAn RBI-licensed company that collects borrowers' repayment records from lenders, stores them, and supplies credit information reports and credit scores to specified users.
- Free Full Credit ReportThe complete credit report, including the credit score, that RBI requires every credit information company to give each individual borrower once in a calendar year at no charge.
- Credit scoreThe number a credit information company builds from your loan and credit-card repayment history, and the first thing a lender looks at when your application arrives.
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