Your credit report or CIBIL report reflects your monetary health, providing a deeper insight into your overall finances. It forms an integral part of your credit score and helps lending institutions make financial decisions regarding extending loans and their terms. Once you understand what constitutes a credit report, reading its contents becomes much simpler.
What is a Credit Report?
A credit report is a detailed record of your credit history about loans and credit cards that you own and how responsibly you pay the respective EMIs and bills. Individuals can access their credit reports from any of the four credit bureaus in India: TransUnion CIBIL, CRIF High Mark, Equifax, and Experian. Each credit agency compiles credit information from various lending institutions in the form of a credit report. Thereafter, they assign a three-digit numeral, commonly known as a credit score. A credit score assigned by TransUnion CIBIL is known as a CIBIL score.
Why is Credit Report Important?
The credit report is the only source of information that can be used to calculate your CIBIL or credit score – a three-digit numerical representation of your creditworthiness. Thus, it is one of the factors accessed before sanctioning loans or approving credit cards.
Also Read: What is a CIBIL Score?
A high credit score typically indicates a history of timely payments and responsible credit management, whereas a low credit score suggests past issues with credit, such as missed payments or high credit utilisation. The higher the credit score, the greater your chances of being approved for a loan.
Credit Score Range
Here is a quick look at the different ranges of credit scores and what each of them implies while availing credit:
Your CIBIL Score | What it implies |
---|---|
800 - 900 | An excellent score range that suggests consistent payments without any defaults on EMIs and credit bills |
750 - 800 | This is a very good CIBIL score and you are now in a position to negotiate for a better interest rate |
625 – 750 | You have a decent credit history with very few irregularities. You may get a loan but at a higher interest rate |
300 – 625 | This score indicates high frequencies of defaults and irregularities. You may find it very difficult to get a loan unless you improve your CIBIL score |
Also Read: 7 Tips to Help You Improve Your CIBIL Score
How to Check a Credit Report?
A credit report comprises various sections with different categories of information. Each credit bureau has its own format, but the general compilation of the sections is as follows:
1. Credit Score
A credit score is a numerical representation of your credit history ranging between 300 and 900. Lenders evaluate it before approving any credit to determine your eligibility and the appropriate terms.
2. Personal and Account Information
This section contains your personal and account information. It mentions details like types of loans, account numbers, ownership details, important dates, loan amounts, and month-by-month data of your loan accounts for the last three years. It also references your credit balance, available limit, account type, account status, and payment history.
3. DPD Information
DPD or ‘Days Past Dues’ is a record of your credit payment timelines. Even a delay of one day is reflected here either as a remark or a number. For example, if there is a delay of four days, it will be marked numerically. If you default by 0 days, it may be indicated with a numeral or a comment. ‘XXX’ means unreported information. A DPD other than ‘000’ or ‘XXX’ implies that one has not paid their dues regularly.
4. Enquiry Information
Enquiry information encompasses both hard and soft enquiries. A soft enquiry is the one made by you, businesses offering you goods or services and your existing creditor. It does not affect your credit score, unlike a hard enquiry, which is usually initiated by prospective lenders after they receive credit applications. A single hard enquiry may be harmless, but too many credit requests can reduce your score.
5. Credit Report Remarks
The remarks section shows the current state of your accounts. Given below are some lender’s comments that one may commonly find in a credit report:
-
Settled
Partly paying the dues to settle a loan or credit card may attract a ‘settled’ remark. This has negative connotations for your credit score and future credit aspirations.
-
Written Off
The inability to pay off the outstanding loan/credit card amount for more than 180 days is reported as a ‘written off’ note and may hurt your credit score.
-
Post Write-Off Settled
A ‘Post Write-Off Settled’ comment denotes a debt settlement after your credit has been written off. This can damage your credit health, denying you any credit in the future.
-
Wilful Default
A wilful default happens when borrowers do not repay the loan despite having the means to do so. Those who utilise loan funds for unfair purposes other than the reason for which they were originally availed are also brought under the purview of wilful default. Such borrowers are seriously dealt with, sometimes necessitating legal action.
-
Closed
When you pay off your loan in full, lenders report the account as ‘Closed’. They also issue a ‘No Dues Certificate’ or closure letter stating the loan cleared.
How to Build a Good Credit Report?
Building a good credit report involves several key practices, such as consistently paying all bills on time, keeping credit utilisation below 30%, and maintaining older credit accounts to show a long history of credit use. It is also important to avoid frequent credit applications, as too many inquiries can signal financial instability. Regularly monitoring your credit report helps fix errors early. Having a diverse mix of credit types, such as credit cards, instalment loans, and mortgages, can positively impact your score. Additionally, managing debts responsibly contributes to a healthier credit profile.
Also Read: How to Check CIBIL Score?
Conclusion
It is imperative to read your credit report for easier monitoring of the records and to maintain a healthy CIBIL score or even improve it if necessary. Tracking your report periodically enables you to check its accuracy. In case of any discrepancies or mistakes, report them to the credit bureau immediately. They will consult the financial institution in question before effecting the necessary changes. Your credit records let you make more informed decisions regarding your spending habits and credit behaviour as a diligent borrower.
Frequently Asked Questions
It is advisable to review your credit report periodically to ensure all information is accurate and up-to-date. Regular monitoring helps in identifying any discrepancies or unauthorised activities early on.
If you discover inaccuracies in your credit report, you should initiate a dispute with the respective credit bureau to address issues such as incorrect personal details, account information, or ownership. Upon receiving your dispute, the bureau will coordinate with the respective lender to verify and, if necessary, correct the information.
Negative information, such as late payments or defaults, can remain on your credit report for a significant period, potentially up to seven years. However, the exact duration may depend on the nature and severity of the information reported.
While simply reviewing your credit report does not directly improve your credit score, it allows you to identify and rectify errors that may be adversely affecting your score. By ensuring all information is accurate and addressing any discrepancies promptly, you can positively influence your credit health. Additionally, regular monitoring helps you stay informed about your credit activities and manage them responsibly.
A credit report is a comprehensive record of your credit history, detailing your credit accounts, repayment history, and enquiries made by lenders. In contrast, a credit score is a three-digit numerical representation of your creditworthiness, derived from the information in your credit report.
DISCLAIMER:
While care is taken to update the information, products, and services included in or available on our website and related platforms/websites, there may be inadvertent errors or delays in updating the information. The material contained in this website and on associated web pages, is for reference and general information purposes, and the details mentioned in the respective product/service document shall prevail in case of any inconsistency. Users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/service document and applicable terms and conditions. Neither Bajaj Housing Finance Limited nor any of its agents/associates/affiliates shall be liable for any act or omission of the Users relying on the information contained on this website and on associated web pages. In case any inconsistencies are observed, please click on contact information.
Trending Articles

home+loan Home Loan
[N][T][T][N][T]
Home Loan Refinancing: What, Why, and Things to Remember2024-06-17 | 5 Min

loan+against+property Loan Against Property
[N][T][T][N][T]
Common Mistakes You Must Avoid Making When Applying for a Loan Against Property2023-02-09 | 5 min

home+loan Home Loan
[N][T][T][N][T]
How to Pick the Best Home Loan Tenure that Suits Your Budget2023-06-29 | 5 min

home+loan Home Loan
[N][T][T][N][T]
Home Loan EMI Calculator Benefits and It’s Features2024-02-21 | 4 min

home+loan Home Loan
[N][T][T][N][T]
Making Financial Planning Easy with a Home Loan EMI Calculator2023-09-06 | 2 min

loan+against+property Loan Against Property
[N][T][T][N][T]
Everything You Wanted to Know About Loan Against Property2023-12-16 | 5 Min

tax Tax
[N][T][T][N][T]
Top 5 Tax Benefits and Other Advantages of a Joint Home Loan2024-07-10 | 8 min

[N][T][T][N][T]
6 Smart Tips to Increase Your Home Loan Eligibility2024-06-27 | 4 min

cibil Cibil
[N][T][T][N][T]
High CIBIL Score Helps Low-Interest Rate Loans2024-06-10 | 5 min

loan+against+property Loan Against Property
[N][T][T][N][T]
Top Benefits of a Loan Against Property Over Collateral-Free Loans2024-01-09 | 4 min

home+loan Home Loan
[N][T][T][N][T]
All About Home Loan Balance Transfers2024-06-04 | 4 mins

home+loan Home Loan
[N][T][T][N][T]
Common Myths About Home Loans: All You Need to Know2024-04-08 | 5 min

[N][T][T][N][T]
Loan Against Property for Doctors: An Essential Checklist2024-05-07 | 2 min

cibil Cibil
[N][T][T][N][T]
Does CIBIL Score Affect Loan Against Property Eligibility?2023-02-15 | 7 min

home+loan Home Loan
[N][T][T][N][T]
How Can NRIs Avail of Home Loans in India2025-03-17 | 2 min

loan+against+property Loan Against Property
[N][T][T][N][T]
Step-by-Step Process How to Apply for a Loan Against Property2024-03-05 | 4 Min

home+loan Home Loan
[N][T][T][N][T]
Tips to Get Home Loan with Minimum Down Payment in India2023-07-11 | 5 min

home+loan Home Loan
[N][T][T][N][T]
Understanding EMI: Full Form and Calculation Methods2025-02-24 | 3 min

home+loan Home Loan
[N][T][T][N][T]
A Step-by-Step Guide to Home Loan Balance Transfer Application2024-07-09 | 6 min

tax Tax
[N][T][T][N][T]
Should You Get a Home Loan to Save Your Taxes?2024-02-01 | 3 min

[N][T][T][N][T]
NRI Home Loans: 5 Things to Keep in Mind Before Applying2024-02-15 | 4 min

cibil Cibil
[N][T][T][N][T]
What is CIBIL? Understand How It Works and Its Importance2024-01-31 | 6 min

home+loan Home Loan
[N][T][T][N][T]
Why is the Interest Component Higher in the Initial EMIs of a Home Loan2025-03-07 | 6 min

loan+against+property Loan Against Property
[N][T][T][N][T]
Choose the Right Lender for a Loan Against Property2024-12-23 | 3 min

home+loan Home Loan
[N][T][T][N][T]
Pre-EMI or Full EMI: Understanding Home Loan Repayment Options2025-01-16 |

loan+against+property Loan Against Property
[N][T][T][N][T]
Things You Need to Know Before Applying for a Loan Against Property2024-12-02 | 3 min

loan+against+property Loan Against Property
[N][T][T][N][T]
Understanding All the Charges on Your Loan Against Property2024-12-27 | 2 min

loan+against+property Loan Against Property
[N][T][T][N][T]
Short vs. Long Loan Against Property Tenure - Which Is Better?2024-05-07 | 4 min

home+loan Home Loan
[N][T][T][N][T]
Factors to Consider Before Applying for a Home Construction Loan2022-12-02 | 5 min

home+loan Home Loan
[N][T][T][N][T]
What Is Home Loan Eligibility and How Is It Calculated2024-07-11 | 6 min

cibil Cibil
[N][T][T][N][T]
Everything You Should Know About Your CIBIL Score2024-02-09 | 7 min

[N][T][T][N][T]
Role of Eligibility Calculator Before Availing a Home Loan2025-04-23 | 6 min

home+loan Home Loan
[N][T][T][N][T]
Stamp Duty and Property Registration Charges in Kerala: A Comprehensive Guide2025-04-11 | 2 min

loan+against+property Loan Against Property
[N][T][T][N][T]
How to Use Loan Against Property EMI Calculator2025-04-23 | 3 min

loan+against+property Loan Against Property
[N][T][T][N][T]
Loan Against Property for Business: What You Should Know2025-04-22 | 3 min

loan+against+property Loan Against Property
[N][T][T][N][T]
Can You Convert a Loan Against Property into a Home Loan? Here’s What You Need to Know2025-04-22 | 3 min

loan+against+property Loan Against Property
[N][T][T][N][T]
Key Documents to Check for a Safe and Transparent Property Transaction2025-04-22 | 3 min

home+loan Home Loan
[N][T][T][N][T]
Home Loan Tax Benefits: Is There a Limit on How Many Times You Can Claim?2025-04-22 | 2 min

loan+against+property Loan Against Property
[N][T][T][N][T]
What to Know Before Availing of a Loan Against Property2025-04-22 | 3 min

loan+against+property Loan Against Property
[N][T][T][N][T]
What Happens When You Pay Off Your Mortgage?2025-04-22 | 2 min

loan+against+property Loan Against Property
[N][T][T][N][T]
How to Pay MCD Property Tax in Delhi2025-04-21 | 3 min

loan+against+property Loan Against Property
[N][T][T][N][T]
Tax Benefits on Mortgage Loans: What You Need to Know2025-04-21 | 3 min

home+loan Home Loan
[N][T][T][N][T]
How to Apply for GPRA Accommodation via eSampada and eAwas2025-04-21 | 2 min

home+loan Home Loan
[N][T][T][N][T]
Understanding the SVAMITVA Scheme: A New Era of Property Ownership in Rural India2025-04-21 | 3 min

loan+against+property Loan Against Property
[N][T][T][N][T]
Why Property is More Than Just an Asset: 4 Ways It Can Power Your Finances2025-04-21 | 2 min

[N][T][T][N][T]
Home Loan Insurance Benefits for New Home Buyers2025-04-21 | 6 min

home+loan Home Loan
[N][T][T][N][T]
MPIGR Madhya Pradesh: A Guide to Property Registration and SAMPADA Services2025-04-14 | 2 min

home+loan Home Loan
[N][T][T][N][T]
Consider These Factors Before Foreclosing Your Home Loan2024-04-16 | 3 min

home+loan Home Loan
[N][T][T][N][T]
Top Things to Keep Track of While Doing a Home Loan Balance Transfer2022-12-18 | 7 min

home+loan Home Loan
[N][T][T][N][T]
Smart Things to Consider Before You Apply for a Home Loan2022-12-14 | 5 min

tax Tax
[N][T][T][N][T]
How Much Tax Can be Saved Under Sections 80C, 80D, and 80G?2024-05-15 | 5 min

tax Tax
[N][T][T][N][T]
Tax Benefits on Home Loans for Self-Employed Individuals: What You Need to Know2024-06-07 | 4 min

cibil Cibil
[N][T][T][N][T]
How to Increase Your CIBIL Score Above 800: 7 Proven Methods2023-01-24 | 4 min

home+loan Home Loan
[N][T][T][N][T]
10 Smart Steps for Effective Home Loan Management2024-02-16 | 5 min

home+loan Home Loan
[N][T][T][N][T]
Should You Take a Home Loan Even If You Have Enough Money to Buy a House?2024-01-30 | 3 min

home+loan Home Loan
[N][T][T][N][T]
Section 80EE: Claim Deductions on the Home Loan Interest Paid2024-04-25 | 6 min

cibil Cibil
[N][T][T][N][T]
How can I Remove Loan Inquiry from CIBIL Credit Report2024-01-22 | 5 min

[N][T][T][N][T]
Tips to Manage Loan Against Property Repayments Efficiently2024-02-21 | 3 min

home+loan Home Loan
[N][T][T][N][T]
Differences Between Fixed and Floating Interest Rates2024-05-15 | 2 min

home+loan Home Loan
[N][T][T][N][T]
What Do You Need to Know About Home Loan Foreclosure?2023-03-23 | 5 min

home+loan Home Loan
[N][T][T][N][T]
Monthly Reducing Balance Method for Home Loan Interest2025-02-25 | 3 min

[N][T][T][N][T]
Everything You Need to Know About Home Loan Part-Prepayment2024-12-18 | 5 min

home+loan Home Loan
[N][T][T][N][T]
What is the Ideal Age to Buy a House?2025-03-19 | 2 min

home+loan Home Loan
[N][T][T][N][T]
Complete Guide to Securing a Attractive Interest on Home Loans2024-01-23 | 3 min

home+loan Home Loan
[N][T][T][N][T]
Check Housing Loan Eligibility with Home Loan Eligibility Calculator2023-07-12 | 5 min

home+loan Home Loan
[N][T][T][N][T]
Everything You Need to Know About Top-up Loans on a Home Loan2024-04-09 | 6 min

home+loan Home Loan
[N][T][T][N][T]
Get a Home Loan Without Visiting Branch: A Step-by-Step Guide2024-03-20 | 4 min

cibil Cibil
[N][T][T][N][T]
Impact of Late Payment on CIBIL Score?2024-03-08 | 6 min

home+loan Home Loan
[N][T][T][N][T]
Home Loan Balance Transfer: Benefits, Eligibility, and More2024-05-15 | 3 Min

[N][T][T][N][T]
7 Benefits of Taking a Home Loan in India2024-06-19 | 3 min

home+loan Home Loan
[N][T][T][N][T]
An Essential Guide to Refinancing a Home Loan2024-04-22 | 5 Min

cibil Cibil
[N][T][T][N][T]
What Factors Do Not Affect Credit Scores?2024-02-28 | 7 min

home+loan Home Loan
[N][T][T][N][T]
Tips to Secure Quick Home Loan Approval2025-03-03 | 2 min

loan+against+property Loan Against Property
[N][T][T][N][T]
Loan Against Residential Property: A Smart Financing Solution2025-03-10 | 3 min

loan+against+property Loan Against Property
[N][T][T][N][T]
Loan Against Agricultural Land: Unlock the Value of Your Property2025-03-07 | 6 min

cibil Cibil
[N][T][T][N][T]
Know How Mortgage Loan Affect Your CIBIL Score2024-02-05 | 5 Min

loan+against+property Loan Against Property
[N][T][T][N][T]
Understanding the Fees and Charges on Your Loan Against Property2024-04-10 | 6 min

cibil Cibil
[N][T][T][N][T]
What are the Types CIBIL Errors & How to Correct Them?2023-11-22 | 6 min

home+loan Home Loan
[N][T][T][N][T]
Home Loans for Salaried Employees: Eligibility, Documents, and Application Process2025-03-18 | 3 min

loan+against+property Loan Against Property
[N][T][T][N][T]
Property Mortgage Loan: A Smart Financing Option for Businesses2025-03-10 | 3 min

home+loan Home Loan
[N][T][T][N][T]
How to Calculate Your Home Loan Eligibility2025-03-05 | 3 min

[N][T][T][N][T]
Loan Against a Shop- Commercial Property Loans2024-12-18 | 2 min

home+loan Home Loan
[N][T][T][N][T]
Benefits of a Home Loan2023-02-20 | 4 min

loan+against+property Loan Against Property
[N][T][T][N][T]
3 Different Loan Against Property Types You Should Know About2024-02-13 | 5 Min

[N][T][T][N][T]
Home Loan for Pensioners: Eligibility and Benefits2025-03-11 | 3 min

home+loan Home Loan
[N][T][T][N][T]
5 Great Ways Women Can Benefit from Taking a Housing Loan2024-01-16 | 5 min

home+loan Home Loan
[N][T][T][N][T]
Home Loan for Self-Employed Individuals2025-03-03 | 2 min

loan+against+property Loan Against Property
[N][T][T][N][T]
Why Professional Loans Against Property Are Financially Beneficial?2023-03-03 | 5 min

cibil Cibil
[N][T][T][N][T]
Reasons Why Your CIBIL Score Is Going Down2024-04-10 | 4 min

home+loan Home Loan
[N][T][T][N][T]
Reasons Why a Housing Loan Application May Be Rejected2024-02-14 | 3 min

loan+against+property Loan Against Property
[N][T][T][N][T]
6 Reasons Why Collateral Matters When Applying for a Loan Against Property2023-02-27 | 5 min

cibil Cibil
[N][T][T][N][T]
Five Reasons Why a Bad Credit Score Could Lead to Loan Rejection2024-01-22 | 5 min

cibil Cibil
[N][T][T][N][T]
Top 10 Reasons For Low CIBIL Score & How To Improve It2024-03-01 | 5 min

[N][T][T][N][T]
What is the Purpose of CIBIL Score?2023-03-25 | 4 min

home+loan Home Loan
[N][T][T][N][T]
Benefits of a Joint Home Loan with your Spouse2023-08-04 | 4 min

home+loan Home Loan
[N][T][T][N][T]
What is the Process to Get Your Home Loan Approved Fast with Bajaj Housing Finance?2024-02-15 | 6 min

cibil Cibil
[N][T][T][N][T]
What is the Procedure to Check your CIBIL Score Rating?2023-03-27 | 4 min

loan+against+property Loan Against Property
[N][T][T][N][T]
Easy Ways to Pick the Right Loan Against Property Tenor2024-05-14 | 3 min

loan+against+property Loan Against Property
[N][T][T][N][T]
Pay-off Your Debt with Bajaj Housing Finance Loan Against Property2024-02-14 | 5 min

cibil Cibil
[N][T][T][N][T]
Different Types of Credit Report Errors and How to Fix Them_WC2023-07-11 | 4 min

cibil Cibil
[N][T][T][N][T]
Minimum CIBIL Score for Business Loans2023-04-17 | 5 min

cibil Cibil
[N][T][T][N][T]
Reasons to Maintain a Positive Credit Profile and a High CIBIL Score2023-03-01 | 5 min

cibil Cibil
[N][T][T][N][T]
Will a Loan Settlement Ruin My CIBIL Score?2023-03-21 | 4 min

[N][T][T][N][T]
Loan Against Property or A Home Loan: Know What You Need2024-06-11 | 5 min

loan+against+property Loan Against Property
[N][T][T][N][T]
Why Loan Against Property Can be a Good Credit Option for a Startup Business?2023-12-22 | 5 Min

loan+against+property Loan Against Property
[N][T][T][N][T]
Top Benefits of Loan Against Property Over Collateral-free Loans2023-02-23 | 3 min

home+loan Home Loan
[N][T][T][N][T]
Taking a Home Loan to Buy a Property for Investment? Here Are 5 Points to Consider2023-04-17 | 5 min

home+loan Home Loan
[N][T][T][N][T]
4 Key Benefits of Home Loan Balance Transfer to Bajaj Housing Finance Limited2023-01-09 | 5 min

cibil Cibil
[N][T][T][N][T]
Is a Good CIBIL Score Mandatory for Home Loan Approval?2023-02-17 | 4 min

cibil Cibil
[N][T][T][N][T]
Why is a CIBIL Score Measured Between 300 and 900?2024-05-07 | 4 min

tax Tax
[N][T][T][N][T]
Income Tax Structure in New Regime: New Tax Exemption Limit 20252024-05-08 | 4 min

tax Tax
[N][T][T][N][T]
8 Useful Income Tax Exemptions for Salaried Employees2024-04-18 | 7 min

home+loan Home Loan
[N][T][T][N][T]
What Affects the Interest Rate on Your Home Loan2024-03-13 | 5 min

home+loan Home Loan
[N][T][T][N][T]
Importance of an NOC Letter after Closing Your Home Loan2023-12-14 | 6 min

home+loan Home Loan
[N][T][T][N][T]
The Importance of a Home Loan NOC2023-01-31 | 7 min

home+loan Home Loan
[N][T][T][N][T]
Importance Of a Good Credit Score in The Home Loan Process2023-03-20 | 4 min

home+loan Home Loan
[N][T][T][N][T]
6 Ways to Reduce Your Home Loan Interest2024-03-20 | 4 min

loan+against+property Loan Against Property
[N][T][T][N][T]
How to Apply for a Mortgage Loan?2025-03-05 | 3 min

cibil Cibil
[N][T][T][N][T]
What Does a Zero or Negative Credit Score Mean?2023-02-24 | 4 min

cibil Cibil
[N][T][T][N][T]
Here Is How a Bounced Cheque Can Affect Your CIBIL Score