Credit bureau like cibil is licensed by RBI and around 2400 banks/nbfc/fi/hfc etc submit credit records to such bureaus.

Cibil score tells creditworthiness of a person (it ranges from 300 to 900). As per general standards a score of 700 and above is good for availing credit facility. Following 4 factors make up the score
1. Payment History (30%weight)
2. Credit Exposure (25%weight)
3. Credit Type & Duration (25%weight)
4. Other Factor (20%weight)

Factor affecting credit score
Delinquency –As per studies 30 days delinquency can reduce score by 100 points
Credit history – Longer the better
Amount of Loan-Lower loan utilization ratio is good
Enquiries – Lower hard enquiries are better (self-checking or soft enquiries does not affect score)
Credit Duration-Good mix of Secured and unsecured loan for long tenure is better
How to improve score
Use credit wisely
Utilize low Limit
In case of delay payment -pay full overdue amount
Try not to settle but instead close your loan

You can get your Credit history from credit bureau or mail us at info@panaromacorp.in for detail process note.