In India, CIBIL (Credit Information Bureau India Limited) is a well-known brand when it comes to credit reports and scores. Individuals’ credit information is gathered and maintained by CIBIL, which also gives them a credit score. Terms like STD, LSS, and DPD are used in the CIBIL report to describe a person’s payment history and creditworthiness. It’s essential to comprehend these concepts if you want to effectively manage your credit profile.
Let’s explore the definitions, complete forms, distinctions, and CIBIL report format for STD, LSS, and DPD.
What is STD in CIBIL?
STD full form in CIBIL stands for “Standard” and is used in the CIBIL report to denote a credit account where the borrower is making timely payments without any delays. CIBIL STD means and signifies a good repayment history and is considered a positive remark in the credit report.
What is LSS in CIBIL?
LSS stands for “Lender Settled Status” and is used in the CIBIL report to indicate that the borrower has settled a credit account with the lender by paying a reduced amount, usually after negotiations. LSS is considered a negative remark as it indicates a partial settlement of the debt and can hurt the credit score.
What is DPD in CIBIL?
DPD full form stands for “Days Past Due” and is used in the CIBIL report to indicate the number of days a borrower’s payment is overdue. It measures the payment delinquency of an individual and is categorized into different buckets, such as DPD 30, DPD 60, DPD 90, etc., based on the number of days the payment is late.
Difference Between STD, LSS, and DPD in CIBIL
The main differences between STD, LSS, and DPD in CIBIL can be summarized as follows
- STD signifies regular and timely payments, indicating good credit behaviour.
- LSS represents a settlement with the lender for a reduced amount, which can hurt creditworthiness.
- DPD measures the number of days a payment is overdue and reflects payment delinquency.
Also Read – What is the Role of CIBIL Score in Credit Rating in India?
To further understand the differences, refer to the following table
| Term | Meaning | Implication |
| STD | Regular and timely payments | Positive credit behaviour |
| LSS | Lender Settled Status | Negative impact on creditworthiness |
| DPD | Days Past Due | Indicates payment delinquency |
Format of DPD CIBIL Report
The DPD information in the CIBIL report is usually presented in a tabular format in your credit report. It includes details like the account name, account number, date of last payment, current outstanding balance, and the number of days the payment is overdue. The DPD column displays the status of the payment in terms of the number of days past due for different credit products.
Types of Asset Classification of LSS in CIBIL
LSS classification in the CIBIL report is related to the classification of assets by lenders. Lenders classify their assets into different categories, such as Standard, Substandard, Doubtful, and Loss as per their internal policies. LSS indicates that the account has been classified by the lender as “Lender Settled Status,” indicating that the borrower has settled the debt for a reduced amount.
Format of STD CIBIL Report
The STD information in the CIBIL report is generally presented in the account details section. It includes information about the account name, account number, type of credit, outstanding balance, and payment history. An “STD” remark next to an account signifies that the borrower has been making regular and timely payments.
Also Read – Top 8 Unknown facts about CIBIL Score
Conclusion
Understanding the meaning of STD, LSS, and DPD in the CIBIL report is essential for managing your credit profile effectively. Maintaining a good repayment history and avoiding settlements can help maintain a positive credit score. Regularly checking your CIBIL report and taking the necessary steps to improve your creditworthiness is crucial. If you require financial assistance, you can check out the loan services offered by Credit Success to fulfil your specific goals.
Frequently Asked Questions
Is STD in CIBIL good or bad?
STD in CIBIL is considered a positive remark. It indicates that the borrower has been making regular and timely payments without any defaults or delays. It signifies good credit behaviour and can have a positive impact on your credit score.
What is the Full Form of DPD in CIBIL?
The full form of DPD in CIBIL is “Days Past Due.” DPD is used in the CIBIL report to indicate the number of days a borrower’s payment is overdue. It measures the payment delinquency and reflects the borrower’s payment history.
What is the highest CIBIL report?
The highest CIBIL score is 900. A higher credit score indicates stronger creditworthiness and increases the chances of getting approved for loans and credit cards at favourable terms. Lenders generally consider a credit score of 750 and above as good.
How many marks are there in LSS?
LSS (Lender Settled Status) does not have a specific scoring system or “marks” like a credit score. It represents a negative remark in the CIBIL report, indicating that the borrower has settled a credit account with the lender for a reduced amount. LSS can have a negative impact on creditworthiness and may affect future credit applications.
Please note that the specific scoring systems or criteria for LSS may vary depending on the internal policies and practices of lenders and credit bureaus.
