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Things you won't find in Credit Report - CIBIL

For all of us, credit reports are important, and contain almost all financial related data relevant to us. A credit report consists of data such as loan details, payments made late or not paid at all, and in some case rents paid, etc. But there are still a few items, that lenders or potential lenders cannot see on your report as listed below:

  1. Utility bills: Details of the payment or non-payment of utility bills, such as your electricity bills, water bills, maintenance or society expenses, telephone bills, etc will not be available on your credit report. Even if you use your online banking facility or make these bill payments through your bank account, they will not show up on your credit report.
  2. Spouse’s credit information: Credit information of your spouse will not reflect on your records. Irrespective of whether you’re married or not, only your credit information is reflected on your credit report. Even if you have a joint account, or a joint loan, the report will have your details irrespective of your relationship with them.
  3. Status of employment: Your credit report, will not have information related to your employment. However, names of your current employer or even past employer could be available on your report, if you had mentioned them at the time of any credit application. This information will not include your duration of your employment.
  4. Salary you earn: Your report of credit should not, and will not contain information about your salary or your earnings. The credit report only will reflect your credit history and related information such as credit habits, ability to make payments, etc. It will not have any information regarding your earning capacity, net worth or even income.
  5. Non-traditional financial loans: Any loans that are not made with a bank, or financial institution will be considered as non-traditional. Loans from pawn shops, or private money lenders will not reflect on your credit report.
  6. Interest rates of other loans: The interest you pay on the loans already taken, credit cards, etc., will not be available on your report. The rate at which you have taken the loan is immaterial as long as it is repaid on time.
  7. Non-debt financial information: The credit reports do show all the information related to your loans, late payments and debt; but do not mention anything related to your savings account, current account, investments or purchase transactions. If you take any loan to buy something, it would get reflected in your credit report, but not the payment you make.
  8. Health-related information: The credit bureaus are not allowed to mention any health-related information, by law. Though the lenders can view the medical-related payments made, they do not know the reasons behind it. All the transactions come under 'medical payment data'
  9. Personal information not related to your credit: The credit report basically gives the lender an idea of your financial health and repayment capability. That is why, any personal information not related to your credit is not published in the report. Your marital status, any physical or mental disability, race, beliefs, etc. is not mentioned in the credit report.
  10. Public records: Earlier, the credit report used to have information like parking tickets, library fines, etc. mentioned in the credit report, but not anymore. Now, out of all the public records, only bankruptcy is mentioned in the credit report.

Your credit, and credit report is in your hands. While some items will not show up in your credit report, the ones that do, is important to maintain correctly. Make regular and timely payments to ensure you have a good credit report.

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