What is a CIB report?

A CIB report, or Credit Information Bureau report, is a document that provides a detailed summary of an individual's credit history and financial behavior. It includes information such as credit accounts, payment history, outstanding debts, and any defaults or delinquencies. Lenders use CIB reports to assess the creditworthiness of potential borrowers before approving loans or credit applications. This report plays a crucial role in determining interest rates and loan terms based on the assessed risk.