Authorized user indicator usually appears in the case of add-on credit cards and implies that you have an access to credit, but are not responsible for paying dues on that particular account
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by a bank in your credit report while evaluating your loan applications are payment history and current balances. Payment History – The payment history appears in the accounts section of your credit report and has two parts - the Days Past Due (DPD), and the month and year of payment that reside here. The DPD indicates the delay in making the monthly payment of a particular month. Anything other than “000” is considered negative by a bank and anything more than 90 would mean that your account is NPA with the bank. The chances of you getting a loan from any other bank would be very bleak under such circumstances. . On occasion you may see “XXX” reported for your DPD on a certain account. This means that the Loan provider has not reported that month’s DPD to CIBIL and hence, there’s no need to worry. Such payment history will be available for a period of 36 months. Current Balances – Current balances also appears in the accounts
section and this indicates the total loans outstanding in your name and thus helps the banks to evaluate strength to take on additional EMIs, in relation to your current income. Naturally, lower the current balance, the better the chance of your loan getting approved. In the case of credit card and overdraft accounts the maximum limit will be displayed as high credit and in the case of loans the amount sanctioned will also be displayed. The ownership indicators on the credit report will mention who is responsible for payment of that credit facility. If the ownership indicator has been mentioned single then you are solely responsible for making payments on that account. Joint ownership indicator means you and someone else bear joint responsibility for payments on these accounts. Authorized user indicator usually appears in the case of add-on credit cards and implies that you have an access to credit, but are