It has always been a subject of confusion, whether the CIBIL defaulters list is a document that contains information of borrowers who have defaulted in the past or not. It is merely a misconception among people that the CIBIL defaulters list comprises credit defaulters. However, the fact is, there is no such term known as a credit defaulters list. The credit bureaus or Credit Information Companies (CICs) in India do not maintain any type of credit defaulters list. Even TransUnion CIBIL does not maintain or compile a list of defaulters or CIBIL defaulters list.

The primary task of credit bureaus is to generate credit reports and credit scores, as per the consumer credit information provided by the lending institutions on a monthly basis.