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Author: Nazny Shamath
How CRIB Blacklisting can affect your life?
We learnt, CRIB does not blacklist anyone. Instead, it merely collects credit information and repayment records of individuals and provides such information to member institutions on demand. If you have habitual delays and late payments, this is highlighted in your credit report and it is… View Article
What is CRIB Blacklisting?
Many of us believe when our name is under CRIB database we are blacklisted, which is not correct. CRIB database captures not only default blacklisted borrowers, but information on all borrowers who have obtained financial assistance from lending institutions. You could easily check your credit… View Article
Understanding your Credit Report (iReport)
With recent amendments to the Credit Information Bureau of Sri Lanka Act, one can request his own credit report (iReport) from CRIB and this provides the opportunity to evaluate your credit status before your potential lender does. Read our article on What is Credit information… View Article
What is Credit information and How to obtain your Credit Report?
In our first article, we described about CRIB, its objectives and functionalities. CRIB established under Credit Information Bureau of Sri Lanka Act No. 18 of 1990, the initiative of the Central Bank of Sri Lanka and Finance Ministry is to promote good credit culture in… View Article
What is CRIB & its objectives, an Introduction
Last week, I accidentally met one of my friends in a shopping mall, who was checking out to buy an LED TV. I knew he had applied for loan from a bank, so I mocked him, ‘Hey, seems it’s time for a party. Buying a… View Article
Understand Your Pay-As-You-Earn (PAYE) Tax in Sri Lanka
Commonly known as PAYE tax in Sri Lanka, it is a major source of direct tax for the Government. Inland Revenue Act No. 10 of 2006 (IRA) governs the tax administration and collection, while it defines PAYE tax as the tax deducted by the employers… View Article