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Different types of credit bureaus in India

Before you try to assess your credit report to determine your credit behaviour, it is critical to understand the various credit bureaus in charge of preparing that report.

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Different types of credit bureaus in India

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  1. Different types of credit bureaus in India 

  2. What kinds of data do credit agencies gather?

  3. Personal details They collect details of your employment, address, etc.

  4. Data from public records • They gather information on liens, bankruptcy, and loan settlements.

  5. Hard enquiries • They keep track of all the inquiries made by different lenders regarding your credit behaviour.

  6. Tradelines They gather information about your current or previous debts from various lenders.

  7. Different credit agencies in India

  8. TransUnion CIBIL • It was established in 2000. • The CIBIL score ranges from 300-850.

  9. Equifax • It was established in 1899. • Its credit score ranges from 1-999.

  10. Experian It came into existence in 2006. It shows a credit score within the range of 300-900.

  11. CRIF High Mark It is an RBI-approved agency which was established in 2007. Its credit rating ranges between 300 and 900.

  12. The credit score determined by the various credit bureaus plays a significant role in loan approval.

  13. Thanks • Would Love to hear from you. • Hero Fincorp Limited • 09, Basant Lok, Vasant Vihar, New Delhi - 110057 • Tel : 18001024145 • Email : customer.care@herofincorp.com • Website : https://www.herofincorp.com/ • Know More : Top Credit Bureaus in India You Should Know

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