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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
    • review Other Loan
      "Best Service"
      PAYTM PAYMENTS BANK LTD
      0.5 5.0/5 "Blown Away!"
      I am using the services of paytm from last 2 years, cash back offers are very good at initial stage in paytm services but now a days the offers are less on recharges and payments. The mobile application of paytm is easy to use and is user friendly. I did not face any transaction issues on paytm services.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2018
    • Bank Bazaar Credit Card
      "good services"
      CITIBANK
      0.5 5.0/5 "Blown Away!"
      I have been using BANK BAZAAR services for past 1year , i have given 5 stars because i never expected i will receive the credit card this much soon . I have not started using mobile application of bank bazaar till now. I came to know about this website through one of my friends. Customer service is up to the mark .
      Was this review helpful? 3
      , new delhi
      Reviewed on Aug 17, 2018
    • ICICI Bank Saving Account
      "Best banking service"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      My salary account is with ICICI bank from last 1 year, it was a good experience so far and i did not face any issues with this bank. Customer service is fine with this bank and their response is good. Imobile is easy to use in this bank and ATM branches are working fine.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2018
    • Bank Bazaar Personal Loan
      "Best Service"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      Bankbazaar provides best services when compared to others in the market. I am using the services of bankbazaar from more than 1 year. The website of bankbazaar is easy to use and is user friendly. Customer service was good and they followed up on time.
      Was this review helpful? 2
      , bangalore
      Reviewed on Aug 17, 2018
    • Citibank Credit Card
      "good card"
      CITIBANK
      0.5 5.0/5 "Blown Away!"
      My credit card was taken with CITI BANK 3 month back . I got this credit card for shopping, petrol , diesel ,booking flight, train tickets, traveling and for many other purpose and with that i am getting good benefit as reward point . They offered good credit limit . Customer service is up to the mark . It is life time free card.
      Was this review helpful? 2
      , new delhi
      Reviewed on Aug 17, 2018
    • HDFC Bank Personal Loan
      "Good service"
      HDFC BANK
      0.5 4.5/5 "Excellent!"
      It was a good experience with HDFC bank for personal loan, the loan amount was for Rs 4 lakhs with nominal interest rate in the market. The process was smooth and it took 10 days to receive the loan amount. Customer service was good and they followed up on time. The tenure period for this loan is 2 years.
      Was this review helpful? 2
      , bangalore
      Reviewed on Aug 17, 2018
    • review Other Loan
      "Good service"
      PAYTM PAYMENTS BANK LTD
      0.5 3.5/5 "Pretty good"
      I am using the services of paytm from last 3 years, cash back offers are very good in paytm services on recharges and payments. The mobile application of paytm is easy to use and is user friendly. I did not face any transaction issues on paytm services.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 17, 2018
    • Canara Bank Saving Account
      "Good banking service"
      CANARA BANK
      0.5 4.0/5 "Great!"
      My experience was very good with Canara bank from last 5 years, ATM branches of Canara bank is working fine and there are no transaction issues. I am happy with the customer service of Canara bank as their response is good. A minimum balance of Rs 1000 has to be maintained in this account.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 17, 2018
    • review Other Loan
      "good service"
      IDFC BANK
      0.5 5.0/5 "Blown Away!"
      My salary account was taken with IDFC BANK 3month back , i am happy with the banking services which has been provided through this bank . Customer service is up to the mark . It is 0 balance account. Net banking is very user friendly and easy to use . So far my experience is great with IDFC BANK.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 17, 2018
    • SBI Saving Account
      "Good banking service"
      STATE BANK OF INDIA
      0.5 4.0/5 "Great!"
      I have a salary account with SBI from last 7-8 years, i have no issues on the banking services provided by SBI, it is comparatively good than other banks. Customer service is good with SBI and they responded on time. Net banking is easy and transparent to use in SBI.
      Was this review helpful? 3
      , mumbai
      Reviewed on Aug 17, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      STANDARD CHARTERED BANK
      0.5 4.0/5 "Great!"
      I know bankbazaar.com from last 2 years but i have used bankbazaar for the first time. The services provided by bankbazaar is good when compared to others. Customer service was good with bankbazaar and their response was on time. The website of bankbazaar is easy to use and is user friendly.
      Was this review helpful? 1
      , mumbai
      Reviewed on Aug 17, 2018
    • Standard Chartered Bank Personal Loan
      "Good service"
      STANDARD CHARTERED BANK
      0.5 3.5/5 "Pretty good"
      It was an average experience with Standard Chartered Bank for personal loan, the process was quite long and it took 20-25 days to complete. Documents were collected on time and the customer service was good. The loan amount was for Rs 6 lakhs for 5 years with high interest rate.
      Was this review helpful? 1
      , mumbai
      Reviewed on Aug 17, 2018
    • LIC Life Insurance
      "Good Policy"
      LIFE INSURANCE CORPORATION OF INDIA
      0.5 4.0/5 "Great!"
      I have a life insurance policy with LIC from last 10-11 months and it is a long term policy. The name of the policy is Jeevan anand so i pay my premium once in 3 months through online and i am convenient with the payment options. The tenure period for this policy is 15 years.
      Was this review helpful? 1
      , chennai
      Reviewed on Aug 17, 2018
    • SBI Cards Credit Card
      "Good Card to use"
      SBI CARDS
      0.5 4.0/5 "Great!"
      I am having a credit card with SBI from last 1 year, the credit limit is sufficient in this credit card and i paid an annual fee of Rs 500 for this credit card. Annual fee will be waived off if i spend Rs 30000 in a year. I hold a simply save credit card where i good reward points and even the value is good.
      Was this review helpful? 1
      , chennai
      Reviewed on Aug 17, 2018
    • Axis Bank Saving Account
      "Good banking service"
      AXIS BANK
      0.5 4.0/5 "Great!"
      I hold a zero balance savings account with AXIS bank from last 3 years, my experience was good so far with this bank and i did not face any issues. Customer service is fine with this bank and their response is good. ATM branches are working fine in AXIS bank.
      Was this review helpful? 1
      , chennai
      Reviewed on Aug 17, 2018
    • Bank Bazaar Credit Card
      "Such kind of services are required everywhere"
      HDFC BANK
      0.5 4.0/5 "Great!"
      I have been using bank bazaar service from past 3month . For the first time i have taken financial product from this website. The service which has been provided through this bank is good compare to other banks, i never expected i will get my credit card within short time. Mobile application is easy to use.
      Was this review helpful? 1
      , chennai
      Reviewed on Aug 17, 2018
    • SBI Saving Account
      "Satisfied with the services"
      STATE BANK OF INDIA
      0.5 5.0/5 "Blown Away!"
      I hold a savings account with State Bank of India. The customer services and the response is good at the bank and I have no issues to complete all my banking. The online banking is also good and it is very convenient to bank online. There are no charges.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Aug 17, 2018
    • Punjab National Bank Saving Account
      "Best banking service"
      PUNJAB NATIONAL BANK
      0.5 5.0/5 "Blown Away!"
      I am banking with PNB from last 6 years and i hold a salary account with this bank. I am happy with the banking services provided by PNB. Customer service is good with PNB and their response is on time. I use net banking services for all my transactions with this bank.
      Was this review helpful? 1
      , chennai
      Reviewed on Aug 17, 2018
    • Bank Bazaar Personal Loan
      "Best Service"
      TATA CAPITAL LIMITED
      0.5 5.0/5 "Blown Away!"
      Bankbazaar provides best services when compared to others in the market. I am using the services of bankbazaar from last 1 year. Customer service was very good and they responded on time. The website of bankbazaar is easy to use and is user friendly.
      Was this review helpful? 2
      , chennai
      Reviewed on Aug 17, 2018
    • Tata capital Personal Loan
      "Best Service"
      TATA CAPITAL LIMITED
      0.5 5.0/5 "Blown Away!"
      I have my personal loan application approved with TATA CAPITAL and the experience was good, the loan amount was for Rs 2 lakhs with the tenure period of 3 years and the rate of interest is nominal when compared to other banks. Customer service was good and they responded on time.
      Was this review helpful? 3
      , chennai
      Reviewed on Aug 17, 2018
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