Could your post-paid mobile bill payment record help banks arrive at a decision on giving you a loan?
Well, chiefs of Credit Information Bureaus think so.
The bureaus (CIBs) have initiated talks with the telecom regulator for allowing telecom companies to lodge customer bill payment history with them.
“Telecom service providers are willing to share information. However, there is a regulatory clause whereby TRAI (Telecom Regulatory Authority of India) does not allow information sharing by telecom operators. We are in talks with the regulator,” said Arun Thukral, Managing Director, Credit Information Bureau (India) Ltd (CIBIL).
CIBIL, the agency that tracks credit history of borrowers and assesses their credit worthiness, is also pursuing regulators such as electricity regulatory commissions to get access to utility bill payment information as this could prove to be an alternative source of credit history on consumers.
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