Hi Sanjeev, Almost all the public sector and private sector banks and financing institutions check the credit rating of their prospective borrowers from credit rating agencies like CIBIL, Experian, Equifax, and CRIF High Mark. Most of the big banks rely on the Credit Report as the Credit Bureau of India Limited is the oldest credit rating agency in India providing Credit Reports to the lending institutions. It is operating in India and has credit data since the year 2000. The individuals, who either settle their accounts or do not pay their loans forcing the banks to write off their dues, are now getting reflected in the Credit Reports. As the banks destroy their old records beyond 8 years as per Bankers’ Book Evidence Act, the individuals with “Settled” or “Written Off” accounts find it difficult to get their grievances redressed by the Banks who have reported the accounts to Credit Rating Agencies. Sometimes strangers’ accounts creep into the Credit Reports of Individuals. It takes a lot of time an effort to knock at the door of the Credit Rating Agencies for getting the strangers’ accounts knocked out of the report. You can book your appointment with professionals consultants with rich experience in dealing with Credit Reports.