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  • How to read a Credit Report

    A credit report is a detailed account of a person’s credit history. The credit report will include details of your credit accounts, like, credit cards, auto loans, home loans and any other form of credit availed from a registered lender. The credit report will also include details like payment history, credit limit and account balance, opening date of credit, status of loans (close or open, paid in full, not paid in full). The report will also include new credit inquiries, collection records and public records, for cases in which an individual has filed for bankruptcy or a tax lien.

    A credit report can seem like quite an intimidating document to read, but listed below is a section-wise breakdown of how a person should read his/her credit report:

    1. Personal Information

      This section of the credit report will contain information pertaining to the individual’s identity, such as, the person’s name, address, current and previous accounts, date of birth, etc. An individual should check the details provided under this section, if there is an incorrect address in the report or the person’s name has been misspelled, he/she should report this to the Credit Rating Agency (CRA) as this could be a sign of wrong data being reflected in the report or credit fraud.

    2. Account Information

      This section of the credit report will carry information pertaining to the person’s present and past credit account. The individual should check the details of this section carefully as this is quite a detailed section. The following details should be checked:

      • Date of opening
      • Name of creditor
      • Current balance
      • Highest balance/credit limit
      • Monthly payment history
      • Account type (Instalment, revolving, open)
      • Account ownership (Individual or joint)
      • Payment status

      The individual should check the details in this section to verify that they are accurate. The balance reflected in various accounts are on the statement date, this can be a little confusing, as it may reflect a balance even if the individual has paid off in full or may show account that were closed prior to receiving the Credit Report.

    3. Public Records

      This section of the Credit Report will list and bankruptcies filed by the individual, tax liens availed by the individual or collection accounts. The dates provided in this section should be checked as they will directly affect how long they will appear on an individual’s credit report and affect the person’s credit score.

    4. Inquiries

      This section carries data pertaining to any inquiries made by companies regarding an individual’s credit score. If an individual applies for multiple lines of credit, this could affect his/her score negatively. In most cases inquiries do not affect a person’s credit score, as they are soft inquiries by lenders for promotional purposes. A soft inquiry is generated when the request for the credit report is not related to the individual’s request for credit.

    CIC Reviews

  • Page 1 of 50 1 2 3 4 5
    • ICICI Bank Saving Account
      "Good service"
      ICICI BANK
      0.5 4.0/5 "Great!"
      My salary account was taken with ICICI BANK , my experience was good so far and i did not face any issues with this bank. Customer service is good with ICICI BANK and their response is on time. Net banking facility is good in ICICI bank and there are no hidden charges.
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 17, 2018
    • American Express Credit Card
      "Good card"
      AMERICAN EXPRESS BANKING CORPORATION
      0.5 5.0/5 "Blown Away!"
      My credit card was taken with AMERICAN EXPRESS BANK , i have drop the card because there was fee for the 2nd year and it was too high and my uses are not that much. I cannot use wipe this card in some outlet and this is the only drawback with this card .
      Was this review helpful? 4
      , bangalore
      Reviewed on Oct 17, 2018
    • Bank Bazaar Credit Card
      "Good service"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I have been using BNAK BAZAAR for while . I applied for a credit card for a while. Overall the whole application process was easy and hassle free. Their customer support services are good. Bank Bazaar is a convenient platform to compare and choose various banking products online. .
      Was this review helpful? 3
      , bangalore
      Reviewed on Oct 17, 2018
    • HDFC Bank Credit Card
      "Good card"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      My credit card was taken with HDFC BANK , i cannot give rating to promise rate of interest because i am not aware about it . For the 1st year there is no annul fee but for the 2nd year there is annul fee . They provide me to access free airport lounges but when i tried to access it was not in use there is some issue .
      Was this review helpful? 3
      , bangalore
      Reviewed on Oct 17, 2018
    • HDFC Bank Saving Account
      "Good card"
      HDFC BANK
      0.5 4.0/5 "Great!"
      My credit card was taken with HDFC BANK , they offered average credit limit and there is no joining fee at the time of getting the card . Customer support and their response is up to the mark i have not face any issue with them . Benefits were good with this HDFC card .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2018
    • ICICI Bank Saving Account
      "Not satisfcatory"
      ICICI BANK
      0.5 2.0/5 "Expected more"
      My salary account was taken with ICICI BANK , there is no hidden charges with this bank. I ma using net banking and mobile banking with this bank and it is very user friendly . I do not have to maintain minimum balance with this account . I am not satisfied with salary account of ICICI .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2018
    • ICICI Bank Credit Card
      "No satisfactory with limit"
      ICICI BANK
      0.5 1.0/5 "Really Bad"
      My credit card was taken with ICICI BANK , the credit limit is very low it is only 20000 i said to customer support to upgrade the limit but they have not done . I am holding this card for past 1year and benefits were nothing with this card . I am not that much satisfied with the card .
      Was this review helpful? 2
      , hyderabad
      Reviewed on Oct 17, 2018
    • ICICI Bank Credit Card
      "No satisfactory with limit"
      ICICI BANK
      0.5 1.0/5 "Really Bad"
      My credit card was taken with ICICI BANK , the credit limit is very low it is only 20000 i said to customer support to upgrade the limit but they have not done . I am holding this card for past 1year and benefits were nothing with this card . I am not that much satisfied with the card .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Oct 17, 2018
    • Bank Bazaar Credit Card
      "Best service"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I have been using BNAK BAZAAR for while . I applied for a credit card quite some time back. This is first time i have taken financial product through bank bazaar . The best part of bank bazaar is customer support i can connect with them easily . Mobile application is good .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2018
    • HDFC Bank Credit Card
      "Good card"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      My credit card was taken with HDFC BANK , i am holding this card for past 2month and the services was very smooth while getting the card . They offered very low credit limit .There is no annual fee at the time of getting the card . Reward point is good with this card .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Oct 17, 2018
    • review Other Loan
      "Good service"
      PAYTM PAYMENTS BANK LTD
      0.5 3.0/5 "Satisfactory"
      I had been using PayTM services for the last six months. I had been using it for payment to retailers, for eCommerce websites, and some other transactions as well. They had provided me with some coupons which i was not able to use at the mentioned retailers where i was not able to avail the cash back offers.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 17, 2018
    • review Other Loan
      "Average"
      PAYTM PAYMENTS BANK LTD
      0.5 3.0/5 "Satisfactory"
      I am using the services of paytm from last few years, the services provided by paytm is average when compared to others in the market. I use this service for multipurpose and i did not find any cash back offers. I am not suing paytm much and overall it is average .
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 17, 2018
    • SBI Saving Account
      "Average Service"
      STATE BANK OF INDIA
      0.5 3.0/5 "Satisfactory"
      I had been holding this Savings account for more than six years. It has been a good service which they had provided and the daily withdrawal limit with this account has been good and there has to be a minimum balance which has to be maintained with this account as well.
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 17, 2018
    • United Bank Car Loan
      "Best service"
      UNITED BANK OF INDIA
      0.5 5.0/5 "Blown Away!"
      My car loan has taken with UNITED BANK OF INDIA , they charge 10.25% of interest but initially they said they will charge 10.5% but it is nominal in the market . The process was too smooth and fast i receive the loan within 24hour and it is best service i got . The tenure period is 7years .
      Was this review helpful? 3
      , kolkata
      Reviewed on Oct 17, 2018
    • Axis Bank Saving Account
      "Average Service"
      AXIS BANK
      0.5 3.0/5 "Satisfactory"
      I had been holding this Savings account for the last seven years and the services which they had been providing so far had been good. Their customer support and their staffs has been responsive and there has not been any additional charges which they had made by them.
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 17, 2018
    • review Saving Account
      "Good service"
      UNION BANK OF INDIA
      0.5 4.0/5 "Great!"
      My saving account was taken with UNITED BANK OF INDIA , i am holding this bank account for past 16year . I have to maintain minimum balance with this account . There is no hidden charges with this bank . Customer support and their response is good .
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 17, 2018
    • Kotak Saving Account
      "Very Good Service"
      KOTAK MAHINDRA BANK
      0.5 4.0/5 "Great!"
      I had been holding this Savings account for the last one and a half years and there has not been any hassle faced with their banking services. There has to be a minimum balance which has to be maintained with this account and there has not been any sort of additional charges which they had made.
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 17, 2018
    • Bank of India Credit Card
      "Overall good"
      BANK OF INDIA
      0.5 4.0/5 "Great!"
      Bank of India is good in the credit card services. The customer support is fine and and they are responsive too. The billing is clear and the statements are sent to me on time. There are no hassles till date to use the card. I get notified when I use it.
      Was this review helpful? 1
      , mumbai
      Reviewed on Oct 17, 2018
    • Bank Bazaar Credit Card
      "Very Good Service"
      HDFC BANK
      0.5 4.0/5 "Great!"
      It had been a good experience i had with the services of Bank Bazaar and i had recently started using the services of them. The best thing i liked about them is with their customer support where they had been responsive and has been informative during the process. They had even found me the correct card for me and had recommended.
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 17, 2018
    • SBI Saving Account
      "Best service"
      STATE BANK OF INDIA
      0.5 5.0/5 "Blown Away!"
      My salary account was taken with SBI , i am very old customer of this bank i am using this account for past 14year . I have to maintain minimum 1000 rs with this bank account . . Customer service is very good with this bank and their response is on time.
      Was this review helpful? 1
      , kolkata
      Reviewed on Oct 17, 2018
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