Credit Bureau
Definition
An RBI-licensed company that collects lender-reported credit data and produces your credit report and score; India has four — CIBIL, Experian, Equifax and CRIF High Mark.A credit bureau (or credit information company) collects borrowing and repayment data from lenders and produces your credit report and credit score. India has four RBI-licensed bureaus — TransUnion CIBIL, Experian, Equifax and CRIF High Mark — all regulated under the Credit Information Companies (Regulation) Act, 2005. They all use the 300–900 score range and must each provide one free full credit report a year. Scores can vary slightly between bureaus because each uses its own model.
Related guides
Related terms
- CIBIL Score — A 3-digit credit score from 300 to 900 issued by TransUnion CIBIL that summarises an individual's credit history.
- Credit Report — A detailed record of a person's borrowing and repayment history maintained by a credit bureau.
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