CIBIL is one of the most dependable credit authorities in India which maintains the records incorporating credit-related activities of both the firm and people, including credit cards and loans. Pretty much every enrolled bank and budgetary organizations present their credit data to CIBIL routinely. Afterward, CIBIL issues a CIR (Credit Information Report) and CIBIL score dependent on this data.
A CIR (CIBIL Report) is a credit instalment outline of an individual across various payments over a described period while the CIBIL score is a three-digit numeric summary speaking a person’s record of loan repayment.