Cibil Report plays a major role in financial life

Importance of Credit Information for Companies

Over the past few weeks, we learned the importance of maintaining a healthy credit history and its impact on your ability to borrow. This applies to companies too, including Private and Public Limited firms, Partnerships, Trusts, HUFs and Self Help Groups and others.

We maintain the credit information of these entities as submitted to us by our member banks and financial institutions. The credit products included are cash credit, overdraft facilities, loans of all maturities, bank guarantees, letters of credit, deferred payment obligations, forward contracts and any other debt exposure companies incur. This information is used to create a Company Credit Report (CCR)- a month-on-month record of a company’s debt related exposure and payments.

The advantages of accessing your company’s Credit Report are manifold:

• While applying for a loan: Whether a large listed company or a SME, we will have your company’s credit records if your company has raised loans from a bank or financial institution. Your CCR is then used to evaluate your company’s creditworthiness whenever you apply for a loan or additional credit lines. Accessing your CCR helps you ensure its accuracy and a better understanding of your financial standing.

• While building reputational collateral with business partners: Your CCR acts as an indicator of your company’s financial strength and helps negotiate better credit terms while doing business. Partners and vendors see a demonstrated ability to regularly service loan obligations as an indicator of your financial strength.

• While re-evaluating existing trade credit practices: Ask your business partners to build reputational collateral by sharing their CCR with you, which will give you an understanding of their creditworthiness and help you to periodically re-evaluate the credit terms you provide.

To check your company’s credit health, access your CCR for only  2,560/- from here. You will need to complete the online request form and upload your company’s KYC details. The CCR contains the following details:

• Credit facility details: This section contains details of the credit facilities availed by your company and the repayment pattern.

• Guarantor and Credit facilities guaranteed details: This section contains details of the credit facility and the details of the business entity/ individual that has guaranteed the particular credit facility (if any) availed by your company.

• Enquiry details: This section contains details of all the enquiries, i.e., the number of times your company’s credit information has been requested by members (banks and financial institutions) from CIBIL over a period of the last 2 years.

• Suit filed account(s) of the borrower: This section contains details of any suit filed against your company. Review your CCR and ensure that it is accurate so that your business does not face a liquidity crunch at an inopportune time.

Cibil Report

www.cleanics.in

Article by cleanics

FAST TRACK YOUR LOAN APPROVAL WITH CIBIL TRANSUNION SCORE.

Did you know 90% of new loans sanctioned are to individuals with a credit score of 700 and higher?

Your CIBIL CIR is provided to you along with your score, because it is the basis on which your Credit Score is generated. It's a record of your credit history. i.e past loans or credit cards availed from various loan providers. who are members of CIBIL. For more information please go to the Frequently Asked Questions section.

What goes into the loan approval process?

Getting your loan approved can be complicated process. Just go through the loan evaluation process to understand the critical role the CIBIL TransUnion score plays in getting your loan sanctioned.

WHAT IS A CIBIL CREDIT REPORT AND WHAT INFORMATION DOES IT CONTAIN?

A CIBIL credit report is a month on month record of an individual’s loan related EMI or credit card payments. Loans can include home loans, credit cards, personal loans, automobile loans and overdraft facilities. Other information included in a credit report is as follows:

• Personal information related to an individual such as name, date of birth, address and identification numbers like PAN number, Passport number, Voter’s id and Telephone number

• Account information such as the type of loan taken (home, auto, personal, overdraft, etc), the size of the loan, the current balance outstanding, overdue amount (if any), number of days a payment is overdue (if there is an overdue amount) and so on.

• Information on the number of ‘Enquiries’ made by loan providers on an individual. An “Enquiry” is created on your credit report every time the Credit Institution requests the credit bureau for your credit report.

Are you looking for cibil report and cibil problem resolution then we are here to assit you & clean your bad credit history. contact us on Cleanics-8143102233, www.cleanics.in

How do an individual clear inaccurate information in his/her CIBIL Credit Report?

How do an individual clear inaccurate information in his/her CIBIL Credit Report? (Cleanics)

Your Credit Information Report (CIR) plays a large part in the loan application process. Hence, any discrepancy in your CIR may result in reduced chances of a loan approval. Therefore, it is important that the information on your CIR is accurate and updated.

The CIBIL CIR consists of Consumer / Borrower Information, Account Information and Enquiries. If any information on your CIR is inaccurate or needs to be updated, we shall be pleased to assist you in rectifying / updating your CIR. You can raise a Registration online by clicking the link provided at the bottom of the page. This process is known as Cibil Clearance.

A Registration Request can be raised based on either a CIR purchased by you directly from CIBIL or a CIR accessed by the Credit Institution or We also provide detailed cibil report instantly, Just provide your KYC documents. When you have applied for a loan with that Credit Institution. Go through the types of inaccuracies of any errors enlisted in your cibil report to understand the various discrepancies that can be rectified.

http://www.cleanics.in/Cleanics_Forms/registratin.php

www.cleanics.in   8143102233,  Phone: 040-66102233

Cleanics Vision:

We create a win-win situation for both the consumer and the lender by ensuring ease access to credit for the consumer and improving the credit quality for the lender. It is in everybody’s interests to have a strong credit and where consumers understand the importance of maintaining a good credit repayment history. It’s therefore important for you to understand what we do, why we do it and how we work to benefit you as a credit repair consumer, the lenders and the wider economy as a whole. As the first Credit repair & Customer beneficial Company we are passionate about the benefits we can bring to India and are keen to de-mystify our operations.

Why CIBIL credit report is important & How to analyse Credit Score?

What goes into the loan approval process?

Getting your loan approved can be complicated process. Just go through the loan evaluation process to understand the critical role the CIBIL TransUnion score plays in getting your loan sanctioned.

Did you know 90% of new loans sanctioned are to individuals with a credit score of 700 and higher?

Your CIBIL CIR is provided to you along with your score, because it is the basis on which your Credit Score is generated. It's a record of your credit history. i.e past loans or credit cards availed from various loan providers. 

Why CIBIL credit report is important?

A CIBIL credit report contains all the details pertaining to your borrowing history and its repayment discipline.  
CIBIL credit report is very important nowadays because:

It contains your past and present credit history.

Banks and FI’s allow loan to a borrower on the basis of CIBIL credit report. A good credit score helps borrowers to get loans easily from banks.

You can inculcate financial discipline by analyzing the credit report.

It helps borrowers to avoid the debt trap.

You can stay away from extreme financial leverage by analyzing the credit report properly.

How to analyse Credit Score?

CIBIL’s credit score ranges from 300 to 900 points. A higher score close to 900 reflects good credit history i.e. lesser defaults in payment, no over leverage and disciplined repayment. A lower score close to 300 reflects bad credit history. Banks prefer lending to borrowers with high scores and 750 to 800+ points is considered as a good score.

Credit Information Bureau India Ltd - CIBIL Aims

 What is CIBIL ? What are its aims? www.cleanics.in

 CIBIL is the repository of information which is pooled in from all Banks and lending Institutions operating in India.   CIBIL  have a database size of over 17 crore  consumer records and over 65 lacs company records contributed by our over 500 Members.    

The Credit Information Companies (Regulation) Act, 2005, and various Rules and Regulations issued by Reserve Bank of India has empoweredCIBIL or (Credit Information Bureau (India) Ltd to collect the data from various types of credit grantors (i.e. lenders). and then share the same within the group.   The legislation has enabled banks to submit data to CIBIL without obtaining borrower consent This has enabled CIBIL to  tracks repayment history of  bank customers loans,  credit cards and further banking  finances. 

CIBIL’s aim is to fulfill the need of credit granting institutions for comprehensive credit information by collecting, collating and disseminating credit information pertaining to both commercial and consumer borrowers, to a closed user group of Members. Banks, Financial Institutions, Non Banking Financial Companies, Housing Finance Companies and Credit Card Companies use CIBIL’s services.  Data sharing is based on the Principle of Reciprocity, which means that only Members who have submitted all their credit data, may access Credit Information Reports from CIBIL. The relationship between CIBIL and its Members is that of close interdependence.

Cibil Report

What is a Cibil report, credit score and how important is it? www.cleanics.in

A CIBIL credit report is a month on month record of an individual’s loan related EMI or credit card payments. Loans can include home loans, credit cards, personal loans, automobile loans and overdraft facilities. Other information included in a credit report is as follows:

• Personal information related to an individual such as name, date of birth, address and identification numbers like PAN number, Passport number, Voter’s id and Telephone number
• Account information such as the type of loan taken (home, auto, personal, overdraft, etc), the size of the loan, the current balance outstanding, overdue amount (if any), number of days a payment is overdue (if there is an overdue amount) and so on.
• Information on the number of ‘Enquiries’ made by loan providers on an individual. An “Enquiry” is created on your credit report every time the Credit Institution requests the credit bureau for your credit report.

A credit score is 3 digit numeric value, ranging between 300 and 900 assigned to a person based on their past credit history. A person with higher credit score has brighter chances of availing credit as lenders are more comfortable in processing their loan application. A lower credit score can lead to denial of loan application. Even if a bank is willing to lend to person with lower credit score, it will be at higher rate of interest. This is known as risk-based price adjustment practice of lenders.

How can i improve my Cibil score? www.cleanics.in

For more info visit www.cleanics.in or call 8143102233

How can i improve my credit or Cibil score?

You can improve your Credit Score by maintaining a good credit history. This will be viewed favorably by lenders and it can be done with 6 simple rules:

1.Always pay your dues on time
Late payments are viewed negatively by lenders

2.Keep your balances low
Always prudent to not use too much credit, control your utilization

3.Maintain a healthy mix of credit
It is better to have a healthy mix of secured (such as home loan, auto loan) and unsecured loans (such as personal loan, credit cards). Too many unsecured loans may be viewed negatively.

4.Apply for new credit in moderation
You don’t want to seem Credit Hungry; apply for new credit cautiously

5.Monitor your co-signed, guaranteed and joint accounts monthly
In co-signed, guaranteed or jointly held accounts, you are held equally liable for missed payments. Your joint holder’s (or the guaranteed individual) negligence could affect your ability to access credit when you need it

6.Review you credit history frequently throughout the year
Purchase your CIR from time to time to avoid unpleasant surprises in the form of a rejected loan application

What is Credit Score & Credit information report? www.cleanics.in
A Credit Score or the CIBIL TransUnion Score is a three-digit numeric summary of your credit history. The score is derived using the credit history found in the CIR. A CIR is an individual’s credit payment history across loan types and credit institutions over a period of time. A CIR does not contain details of your savings, investments or fixed deposits

For more Info Visit www.cleanics.in or call 8143102233

Cleanics

CLEAN INFO CREDIT SERVICES (CLEANICS)

CLEAN INFO CREDIT SERVICES (CLEANICS)

Cleanics is founded by the creative & innovative member of masters in business administration, who is most experienced in banking, credit, and financial solutions. Cleanics is a pure Indian based company made for Indians. It continues to grow its relationship base and develop innovative products to help consumers better understand their credit. Cleanics helps an individual and non individuals to manage clean credit , rectify credit, target loan offers and automate decision making. Cleanics give consumers quick, easy, and fast access to their credit reports and clean error tracking report. We provide customer with credit reports, credit scores, credit monitoring, and other credit related information. Cleanics product assists clients in managing the financial aspects of key life events and helps to connect them with cibil who offer clean services relevant to that life event. 

Cleanics develop and manage customer relationships to help increase profits, good financial health and opportunity by providing clean confidentiality to understand, manage and protect their personal information. 

At cleanics our credit analyst believes in educating awareness on credits. Because now its time to educate adequate financial literacy in public.

Now days the banking segment is the one where most consumers begin their financial journey. And it has been observed that though the industry has seen a rapid growth, its consumer is still not powered with knowledge. The word 'consumer Knowledge' is hardly taken in the right spirit. For those who sell certain banking products, an educated consumer can put customer supporter in awkward position. However Consumer education makes consumers buy, settle, close loans at right price, which helps the banking institution grow in the future. A financially literate consumer can use better banking services for his benefits, his family benefits and frequently the growth of the society. 

We at cleanics believe in empowering the consumers with basics knowledge of borrowing, their credit scores and awareness on functioning of credit bureaus. We at cleanics take initiative on behalf of consumer to walk on the right path of financial literacy to help individuals learn credit basics, borrow wise, and repay on time. This attains meaning with our engagement and remains with you for a lifetime. 

Cleanics Vision:

We create a win-win situation for both the consumer and the lender by ensuring ease access to credit for the consumer and improving the credit quality for the lender. It is in everybody’s interests to have a strong credit and where consumers understand the importance of maintaining a good credit repayment history. It’s therefore important for you to understand what we do, why we do it and how we work to benefit you as a credit repair consumer, the lenders and the wider economy as a whole. As the first Credit repair & Customer beneficial Company we are passionate about the benefits we can bring to India and are keen to de-mystify our operations.

Cleanics Mission:

“To be trusted partner in progress by leveraging quality human capital and setting global standards of excellence to build the most valued financial conglomerate”

Preamble: 
Cleanics is committed to creating long term economic value for all its consumers, including investors, developers,affiliates, employees and the society as a whole. Cleanics is committed to maintaining high standards of ethical and professional conduct in all its corporate activities.

Specialties:
Credit restoration, financial clearance, credit score enhancement & Financial consulting services.