• 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
    • Bank Bazaar Personal Loan
      "Best service"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I have been using BANK BAZAAR for while.I've applied for a personal loan via Bank Bazaar. It was good experience, the customer support was also good. Bank Bazaar is a convenient platform to compare and choose various financial products online. So far it has been good experience with their services.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Dec 10, 2018
    • HDFC Bank Personal Loan
      "Good service"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with HDFC BANK , Application process documentation was easy. I got the loan amount with in two days. The rate of interest is very nominal compare to other and tenure period is 1 year. They charge processing fee and it is also nominal .
      Was this review helpful? 2
      , bhubaneshwar
      Reviewed on Dec 10, 2018
    • Bank Bazaar Personal Loan
      "Easy Way to Take Loan"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      First time I used Bank Bazaar to take personal loan through online I posted the request then I got a response and they connected with the bank. The mobile app is easy and good. The customer service executive have good responded well on my request.
      Was this review helpful? 0
      , gaya
      Reviewed on Dec 10, 2018
    • ICICI Bank Personal Loan
      "Good Experience with ICICI"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      My ICICI loan amount is less, the interest rate is higher compared to other banks. They have taken 1% of processing free from the loan amt, the customer services is good, documents process also went well they taken 20 days to sanction the loan.
      Was this review helpful? 0
      , gaya
      Reviewed on Dec 10, 2018
    • Standard Chartered Bank Personal Loan
      "Good credit card"
      STANDARD CHARTERED BANK
      0.5 4.0/5 "Great!"
      I can easily convert the purchasing amount into emi options through online, I am holding life time free credit ca rd, the limit of the card is fine, the accessibility is good and easy to use across the India. The customer support will give reminder call before the due date.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 10, 2018
    • Bank Bazaar Personal Loan
      "Good Service"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      With Bank Bazaar i had a good experience. I was happy with the way i was handled and the customer care executive was well informative and polite on the call. Things were taken care and my application was processed on time. Bank bazaar does things in proper procedure and i would say it is the best place to hang on for deals.
      Was this review helpful? 0
      , muzaffarpur
      Reviewed on Dec 10, 2018
    • Citibank Credit Card
      " Good card for fuel filling"
      CITIBANK
      0.5 4.0/5 "Great!"
      I prefer CITI because I am holding this card almost 14 to 15 years, they gave me the best credit limit and the offers are good. I used to get the turbo points for the fuel filling because my card is Indian oil card, there is some annual fee but is fine for me.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 10, 2018
    • ICICI Bank Personal Loan
      "Good In Service"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with ICICI Bank and i am happy that my application got processed with ease and on time but the expected amount was not approved. I was looking for 4 laks and only 1.5 laks was approved. This is my first time with ICICI .
      Was this review helpful? 1
      , muzaffarpur
      Reviewed on Dec 10, 2018
    • Standard Chartered Bank Personal Loan
      "Its Excellent"
      STANDARD CHARTERED BANK
      0.5 5.0/5 "Blown Away!"
      I am an existing customer, they gave me the interest rate around 12% its very fine for me, they gave me flexible tenure period, the process was convenient within 2 to 3 days they have sanctioned the amount, they have part and pre closure options.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 10, 2018
    • Bank Bazaar Personal Loan
      "Satisfactory "
      TATA CAPITAL LIMITED
      0.5 4.0/5 "Great!"
      I am able to check the online status its cool about the personal loan offers, I am using mobile application its convenient, the customer support people responded well on my queries. When I placed the request for loan they have helped me on the process.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 10, 2018
    • Tata capital Personal Loan
      "Process should be improved"
      TATA CAPITAL LIMITED
      0.5 3.0/5 "Satisfactory"
      My loan got approved long back they almost taken 3 months after several followed up they have disbursed the amount, I have raised many complain regarding the loan disbursement. There was no response, they need to work on processing and customer support.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 10, 2018
    • Canara Bank Saving Account
      "Need scope of improvement"
      CANARA BANK
      0.5 3.0/5 "Satisfactory"
      When ever I request for any services in Canara Bank they wont process it, when I approved them for the durable loan there was no response from their end. Any way I used to maintain the minimum balance amt of Rs. 1000, hence they gave me unlimited cash withdrawal transactions.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 10, 2018
    • review Other Loan
      " Good for durable product"
      CAPITAL FIRST
      0.5 5.0/5 "Blown Away!"
      I have purchased washing machine, air conditioner, when I went to the shop the dealer coordinated with Capital first and approved the durable loan. Its zero interest rate, the response is quick, autonomously they deducted the amount from my account on monthly basis.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 10, 2018
    • Bank Bazaar Personal Loan
      "Satisfactory Website"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      I just post the request for the personal loan I got immediate call, the representative called and gave me the updates, they have connected with the bank for the loan process, they have coordinated well. In fact the website is easy to use and access.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 10, 2018
    • SBI Saving Account
      "Very Good Service"
      STATE BANK OF INDIA
      0.5 4.0/5 "Great!"
      I am using this Savings account for the last five years and i am happy with the services which they had been providing so far. The customer support and their staffs of them has also been responsive and was helpful at times. There has not been any sort of additional charges they made for any of their services.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 10, 2018
    • ICICI Bank Personal Loan
      "Interest rate should be best"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      Other bank is providing 10.99% of interest on the personal loan but ICICI gave me around 16% its huge when I compared with them. ICICI taken some processing fee, the loan experience was good, the executive came to my place and they completed the process.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 10, 2018
    • ICICI Bank Saving Account
      "Very Good Service"
      ICICI BANK
      0.5 4.0/5 "Great!"
      I am using this Savings account for more than five years and the services which they had been providing so far has been good. Their customer support and their staffs had also been good and there has not been any hassle faced with their banking services. There has not been any sort of additional charges made by them so far.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 10, 2018
    • Axis Bank Personal Loan
      "Not satisfied with the service"
      AXIS BANK
      0.5 1.0/5 "Really Bad"
      The experience with this loan has not been good, and it has been taken a long time back where it is going to be closed soon. The loan amount which they had provided has been sufficient but the interest rate with them has been high. Their customer support response has not been good as well.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 10, 2018
    • Bank Bazaar Personal Loan
      "Excellent Service"
      EARLYSALARY
      0.5 5.0/5 "Blown Away!"
      It was a good experience with the services of Bank Bazaar where i am using it for the last six months. I am happy with the services and i am thankful, i had recently started using the services of them and i had been using their mobile application which has been convenient in using.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 10, 2018
    • Early Salary Personal Loan
      "Very Good Service"
      EARLYSALARY
      0.5 4.0/5 "Great!"
      I had chosen to go with them since the process with them was quick and there has been quick reviews about them. They had taken care well and the response was quick. The loan amount was sufficient and the interest rate was reasonable but if it was reduced it would have been good.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Dec 10, 2018
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