CreditMantri Finserve Private Limited
CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002
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Get answers to commonly asked questions related to the credit score and credit reports
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A Credit Information Report or CIR plays a key role in the lender’s decision when you apply for credit. It is therefore important to monitor it on a regular basis to ensure that the credit information report is up-to-date and to check for any inaccuracies in your CIR. Your credit score and Credit Information Report is a measure of your credit worthiness.
Your Credit Information Report contains details of your credit history and track record in taking and repaying loans from banks and NBFC’s. Credit Bureaus like CIBIL™, Equifax and Experian consolidate every individual’s borrowings, credit history sourced from different member credit institutions such as banks and other NBFC’s into a single report called as CIR.
A Credit Information Report (CIR) is a report on past repayment performance as reported by various member banks and financial institutions about an individual. It is important that you monitor your CIR from time to time. There are a number of things you can do to improve your credit profile: It provides information on prompt payment, as well as defaulted payments. The Credit Information Report (CIR) additionally has a list of enquiries made on your account by various member banks / financial institutions/NBFCs for the purpose of approving a credit facility.
As your credit history plays a key role in your ability to obtain credit, it is important to understand the information that is shared by the lenders with a credit information company also known as credit bureaus. Understanding your credit history enables you to take control of your financial situation. So it is a good idea to keep your CIR updated and correct, as it makes it easier for banks to approve your loans.
Make sure that you repay on time: If you have a good repayment history, this helps boost your credit score, with which you are likely to get the most competitive terms from loan providers.
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application