The World Bank has supported the development of credit reporting systems around the world for more than decades. The International Finance Corporation’s Credit Bureau Knowledge Guide (IFC 2006) provides an overview of experiences in developing the capabilities of private credit reporting institutions through public private partnerships and institutional innovation. The World Bank’s General Principles for Credit Reporting (2011) reviews best practices and makes policy recommendations for developing credit reporting systems.
Globally Equifax is the first credit bureau of the world which was earlier called as Retail Credit Company and the first credit score was launched by Fair, Isaac and Company known as FICO Score. All the lenders or creditors and other Credit Bureaus generally follow this FICO Scoring Model. Beside this, the vantage score is also used in the world. Though there are many credit bureaus in the world but the three main bureaus that are globally recognized are Transunion, Equifax and Experian. Every country has their own norms and policies and their own regulatory bodies to regulate Credit Bureaus in their country.
Credit bureaus are an important part of any country’s economy that the system can help to mitigate a number of market failures around the world. The availability of high quality information can reduce problems of adverse selection and asymmetric information.
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Apoorvaa Foundation came into existence to ensure credit healthy and wealthy life to each and every one. We support our clients in terms of upgrading credit score, to clear problematic credit history and to those who have no history or zero history at the same time we support banks to clear out NPA accounts.
How do we help you? Our Certified Credit Counselor looks into your matter to provide you free counseling that further enables you to get a Credit Information Report and Score to identify any discrepancy. Our Certified Credit Counselor additionally creates a roadmap for you to take necessary actions to resolve discrepancy with best possible solutions in minimum time. At Apoorvaa we focus on transparency and confidentiality to serve you and protect your data with utmost care and will neither share your data nor sell it. This is our business ethic that makes Apoorvaa the best credit rectification brand. We stand by you on each and every path to uplift your credit life. Our 100000+ Satisfied Clients are the best recognition and that make us satisfied.
Apoorvaa Foundation is India’s 1st Credit Rectification Organization and pioneer in this unique concept which is working independently and neither works as collection agent nor commission agent.