Monday, March 25, 2019

TransUnion Cibil wants leners to submit data on monthly basis

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 TransUnion Cibil is asking lenders to submit monthly credit data of borrowers, with in a week of every month end.

Lenders report credit data of their borrowers to the bureau periodically.

Currently, the data is submitted and updated two weeks after the month end.

Cibil is working to make sure that the data gets sent to them faster and  want to make sure that data comes to us within a week of every month-end, instead of a fortnight at present.

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