Credit Information Bureau India ( Cibil ) tracking your credit card record

Few borrowers, including credit card holders, know that their repayment track record is passed on by their bank to a centralised credit information bureau India (Cibil). This data, positive or negative, plays a major role in determining whether a borrower's future loan application gets accepted or rejected.
Unfortunately, unlike in the US or UK, Indian borrowers cannot access this information to verify its authenticity. The status quo may hopefully change soon. A senior banker suggests that Cibil must provide written intimation about a borrower's credit history, or publish it on a website, which an individual could access by paying a token fee.

- Contributed by Vaibhav Agarwal