The Credit Information Report which is issued upon request of the Proprietor/Partner/Director of a Business / Corporate entity, to which that information relates to, is known as Self Inquiry Credit Report (iReport) - Corporate. The report can be obtained in accordance with the provisions of the Credit Information Bureau of Sri Lanka (CRIB) Act No 18 of 1990 (as amended by Act No 08 of 1995 and Act No 42 of 2008). The Corporate iReport provides both positive and negative details of all credit facilities availed of from any of the authorized lending institutions.
Steps to obtain report
- The Corporate iReport can be requested by its Proprietor / Partner / Director, ONLY through a Commercial or Specialized bank.
- Corporate iReport Application Form should always be submitted with the declaration/authorization/certification by the Authorized CRIB user of the branch.
- No Corporate iReport Application Forms are to be submitted to the Bureau Office directly.
Benefits and advantages of obtaining Self Inquiry Credit Report (iReport)
- The iReport discloses all information to the subject concerned, which is generally suppressed to lending institutions in normal credit reports. This information includes the names 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.
- The 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 report. Disputes can be brought to the notice of the relevant institution and a Dispute Resolution request to CRIB via Dispute Handling Form (DHF).
- An individual is better positioned to engage with a lender and to negotiate better terms for his credit facility.
- The iReport helps an individual or corporate entity streamline repayment habits and monitor indirect liabilities and become a disciplined borrower.