STD, LSS & DPD Meaning in CIBIL and Their Differences

When it comes to credit reports and scores, the Credit Information Bureau India Limited (CIBIL) is a prominent name in India. CIBIL collects and maintains the credit information of individuals and assigns them a credit score. Within the CIBIL report, certain terms like STD, LSS, and DPD are used to indicate the payment behaviour and creditworthiness of individuals. Understanding these terms is crucial for managing your credit profile effectively. 
Let's delve into the meanings and full forms of STD, LSS, and DPD in CIBIL, their differences, and the format of the CIBIL report. Keep reading!

What is STD in CIBIL?

STD full form in CIBIL denotes ‘Standard’ and is used in the CIBIL report to identify 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.

Here is a table representing the differences between LSS, DPD and STD means in CIBIL:

Term	Meaning	Implication
STD	Regular and timely payments	Positive credit behaviour
LSS	Lender Settled Status	Repaying reduced credit amount, affecting credit score
DPD	Days Past Due	Indicates payment outstanding days, adversely affects credit score

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.

ALSO READ :- How to Read CIBIL Information Report?

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.

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.

Impact of DPD, STD, and LSS on Financial Stability

Your creditworthiness plays a significant role when you apply for credit from a financial institution, as they analyse your credit score to approve a loan. Hence, DPD, STD and LSS come into play when you seek a loan from a financial institution.
These components can influence the decision of lending organisations, as they play a pivotal role in determining your credit score. Having too many DPD and LSS remarks can reflect financial instability, restricting you from getting credit in case of a financial crunch.

Benefits of Resolving DPD, STD, and LSS

It is important to resolve the DPD and LSS remarks on your credit report as they talk about your adverse financial health. Its key benefits include:

• Better Creditworthiness: By constantly monitoring these components, you can manage your credit health and improve your score to get approval when applying for a loan from financial institutions.  
• Raising Disputes on Time: It will also enable you to identify the discrepancies and take corrective measures before they affect your credit report. 
• Improves Chances of Loan Approval: In addition, it boosts your chances of availing a Personal Loan from recognised financial institutions, like Poonawalla Fincorp, with favourable terms and at competitive interest rates. 

ALSO READ :- How to Rectify CIBIL Report Mistakes?

Strategies for Enhancing Your Creditworthiness

Now that you have understood what DPD, LSS and STD mean in CIBIL, you must learn how to enhance your credit score. Here are a few strategies you can follow to enhance your creditworthiness:

• Regular Credit Score Checks: Regularly check your credit score to know where you stand and report any discrepancies or errors to the credit bureau.
• Timely Payments: Make on-time payments of your monthly credit bills.
• Maintaining Credit Utilisation Ratio: Maintain a Credit Utilisation Ratio (CUR) below 30% to increase your creditworthiness.
• Choosing the Right Loan: Choose the right credit product according to your financial requirements.
• Strategise: Make a strategy to repay your credit on time to avoid defaulting on them.
• Avoid Multiple Loan Applications: Avoid applying for multiple credits at the same time, as it can adversely affect your score.

To Conclude

Understanding what DPD, LSS and STD mean in the CIBIL report is crucial for managing your credit score and monitoring your finances. It enables you to maintain a good repayment history and get credit at lower interest rates from financial institutions. 
However, you must regularly check your credit score to maintain a score above 750. Doing so can help you opt for a loan at attractive terms from Poonawalla Fincorp to fulfil your monetary requirements. 

Frequently Asked Questions About STD, LSS & DPD in CIBIL

1.    Is STD in CIBIL good or bad?
Standard or STD is a positive remark in the CIBIL report. It indicates that you have been making on-time payments regularly of your due without any delays. STD implies good credit behaviour and positively impacts your credit score. 

2.    What is the Full Form of DPD in CIBIL?
DPD stands for Days Past Due in the CIBIL report and indicates the number of days a borrower’s payment is outstanding. It affects the borrower's credit score adversely and measures their payment delinquency, reflecting on their payment history. 

3.    What is the highest CIBIL report?
The CIBI score ranges between 300 to 900, where 900 is the highest 900. Having a higher credit score implies that the borrower has a stronger creditworthiness, increasing their chances of credit at favourable terms and conditions. However, if you have a credit score of more than 700, it is considered a good credit score. 

4.    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.

Disclaimer

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