The Dahisar police recently arrested five members of a gang that cheated two-wheeler sellers by taking loans with documents of those with good CIBIL scores. According to the Dahisar police, the main accused is a bank employee who provided the documents of good CIBIL score holders to his associates, who then purchased motorcycles on loan and sold them without paying a single instalment.

A CIBIL score is a three-digit numeric summary of one’s credit history. The score is derived from the credit history found in the CIBIL (Credit Information Bureau (India) Limited) Report (also known as CIR i.e Credit Information Report).