Abstract
CIBIL is India’s first Credit Information Company founded in August 2000. CIBIL collects and maintains records of an individual’s payments pertaining to loans and credit cards. These records are submitted to CIBIL by member banks and credit institutions, on a monthly basis. This information is then used to create Credit Information Reports (CIR) and credit scores which are provided to the credit institutions in order to help evaluate and approve loan applications. The existing CIBIL System does not provide any method to calculate score for the new users, whereas, this research is based on the methods to calculate score for both the existing as well as the new users.
Keywords: CIBIL, CIBIL TransUnion Score, Banks, Credit Information Report
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