Abstract : A cibil system to keep tracks of peoples credit scores and dues. The system is similar to the real cibil system with an enhancement(Here the defaulter can view his status and can apply for improvement by good behavior). Our software system consists of admin login ,Cibil associates login and individual login. Here cibil associates are banks or companies who want to report faulty members. They may send faulty member data and this is passed on to the cibil admin. The cibil admin can view the data and approve it to be added after inspection. The system also consists of member login for which a member first needs to register. He can then check if he is listed in the black list and for what. The member may then apply for the removal along with the receipt of fine paid or other documents of proved good behavior.
? The banks have to send the transaction data of every user to CIBIL from time to time (with certain frequency). Currently, the frequency of data collection by CIBIL is around 1 month.
? Banks and financial institutes partner with CIBIL and send this data to one central portal.
? As the banks have data related to the financial transactions, credit card usage and loans, the data collected is purely based on how the person has managed his transactions with the financial institutions and credit usage.
? In the present system a user can be reminded with the calculated CIBIL score based on the repayment of the loans that the user availed.
? No human interaction.
? Requires internet connection.
• The proposed law CIBIL associates include member banks and credit institutions or companies who want to report their faulty members.
• They may send faulty member data and this is passed on to the CIBIL admin.
• The system also consists of member login for which a member first needs to register. Thus the CIBIL system is a fully functional and user friendly project.
• In this work, two different types of Credit Scoring system have been proposed where one belongs to the scoring of the credit of an individual, which can be used by the individual to pursue loans or credit invoices.
? Individuals can view their credit ratings without going to the company for enquiry.
? Individuals can even apply for improvement online.
? Saves user time and money.
? Automates the process of credit score calculation.
? Saves organization resources and efforts.
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