What do the various terms used in the Credit Information Report (CIR) mean?

Credit Information Report is used to analyse the credit score and to know the person is creditworthy or not. When you are going to apply for any credit, the Credit Information Report plays a vital role. It’s essential to check the CIR daily if there in any misplace term to anything irrelevant to remove. You should be up to date with the whole report, and if there is any mistake, you need 

credit information report

to rectify it. If you took any loan from the banks and NBFCs, it would be there on the CIR. There will be the credit history of the and the current paying status. To approve the credit facility in which many banks and NBFCs enquire to

 check whether you are creditworthy. It is crucial to observe the CIR from time to time. It is having the information of the prior regular repayment history and the defaulted repayment which you have done before     

What are the principles of the Credit Information Report?

To obtain the loan properly, you should keep track of the bank history update the Credit Information Report. There are some terms you should know about the CIR.

Actual payment amount 

 If the amount is different from the EMIs, you have paid, considered as an Actual payment amount.  

Amount overdue 

 The amount’s repayment has not been made to the lender, including the interest rate and the principal amount.

High credit 

High credit includes the highest amount of bill in your crest card, including the interest and the principal. 

Cash limit

The amount of cash you can withdraw from your credit card as if you apply for the credit card specifically.

Control number 

If you want to increase the dispute request, this is mandatory as the report number. 

Credit limit  

The credit limit is the total number of credit cards you have access and in the credit card or overdraft facility. 


Ownership is the details showing the lender who will have to pay the loan or credit card dues. Ownership includes the four categories like


The single person is responsible for paying the loan or credit bills. Single ownership  will be going to reflects on your CIR


Joint will include you, and one more person is responsible for the paying of bills. Joint will reflect on both the persons CIR.  

Authorised user 

In this, the lender can quickly identify if you are paying the amount in the particular account. The Authorised user is used for adding up the credit card you are having apart from that.


On behalf of someone else will be paying the loan. If the first person is unable to pay the amount, the other person has the responsibility.

Settled Amount  

When in an account, the amount is disputed. In settled amount, this will set the metaphor amount to pay as per the settlement of both.

The credit history is the most critical role in CIR. Credit bureaus include the Credit Information Company for the information provided by the lender. Knowing the financial details may help you to understand the financial situation.