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SELF INQUIRY REPORTS (iReport)

Credit Information Bureau of Sri Lanka Act No 18 of 1990 as amended by Act No 42 of 2008, the Section 7 (B) (1) (e) allows any individual or corporate entity to request his/her/its own credit report or Self Inquiry Credit Report (iReport) from the bureau.

 

What is an iReport?

iReport is a Self Inquiry Credit Report issued by Credit Information Bureau of Sri Lanka to an individual or corporate entity on their request.


Why is it important?

  • iReport helps an individual or corporate entity to ascertain and understand better his/her/its credit status, prior to applying for credit.
  • An individual or corporate entity is able to rectify and resolve any discrepancy or dispute which appears in the credit report.
  • An individual is better positioned to engage with a lender and to negotiate better terms for his credit facility.
  • The iReport is issued to an individual or corporate entity to rectify incorrect or irrelevant information if any which should be brought to the notice of the relevant institution, whilst forwarding a dispute handling request to CRIB.
  • iReport helps an individual or corporate entity streamline repayment habits and monitor indirect liabilities and become a disciplined borrower.

 

Difference between a Credit Report issued to a member lending institution and an iReport

An iReport discloses all information to the subject concerned, which is generally suppressed to lending institutions in normal credit reports. They include name of borrowers if the subject is a guarantor, name of institutions that have accessed subject’s credit profile during the last 6 months, name of all lending institutions that have extended credit facilities to the subject etc.


Specimen of Consumer (Individual) iReport
Specimen of Corporate (Business) iReport

 

 

 


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