Self-Inquiry-Report-(SIR)

 

What is a Self-Inquiry Report? 

Self-Inquiry Report (SIR) is basically your credit report that contains the detailed credit information that you have taken up, such as credit card, car, home, personal education financing, electric bill, telephone and internet subscription, from different financial and non-financial institutions.   

What is the purpose of Self-Inquiry Report? 

This report is for the purpose of self-check and it allows you to verify and rectify the information that is shown in your credit report.

Why is it important?

Financial institutions will obtain your credit report to assess how you manage your financial responsibilities and your creditworthiness. Financial institutions will also use it for creditworthiness assessment, based on the current and past track credit records of the borrowers. Amongst various information, financial institutions will make their own decisions based on the information in your credit report whether or not to grant you credit facilities.

Who can access my Self-Inquiry Report?

Only you and data providers from the financial sector will be able to access your self-inquiry reports, and for permissible purposes only.

Who can request for the Self-Inquiry Report? 

• Any individual for his own credit report; and
  
• Any commercial company for its own credit report.
  
  

What are the contents of your SIR?

Your demographic details

This includes your basic personal profile information which is used for identification verification, such as your name, date of birth, identification number, gender, etc.

Your credit information

This includes both existing and past information about the credit that you have, including the terms of your credit, how much you owe your creditors and your history of making payment.

Inquiries about your credit report

Information on who, when and why your credit report is pulled, either by the financial institutions or by yourself.