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Originally Posted by GTO Research on this article showed me their data center at Churchgate. They maintain a list of bad profiles with details on the bank name, amount defaulted upon, date and end solution. |
It is 100% true that we have credit history in India. When I took my SBI car loan, the verification guy came armed with all my previous borrowings details on my flat and my two wheeler. He even knew where the upcoming flat was located and exact details of my loan payments. I was like shot at point blank. All banks share their data to ensure that defaulters are kept at bay.