CIBIL stands for Credit Information Bureau (India) Limited. The company gathers and maintains credit history data of individuals. This includes funding along with repayments related to loans and credit cards. CIBIL gets these details with the help of its associate partners as well as members of banks along with credit institutions. Information is given to CIBIL on monthly basis on which CIBIL prepares a new Credit Information Report (CIR) along with credit score of an individual. This report is then provided to credit institutions whenever requested, to help them review and evaluate loan and credit card applications.