What is Credit Bureau and Different Credit Bureaus in India
Credit Bureau also known as a Credit Information Company (CIC) is a central repository that collects, collates and maintains credit and loan related information of individual and commercial institutions.
Member banks, Credit card companies and other financial institutions send financial data of registered individuals as well as commercial institutions to the Credit Bureau on a periodic basis. This Credit Bureau uses the financial information to create a credit report. This credit report contains a person’s personal information, payment history, number of accounts, default (if any), credit transactions, outstanding loan amount, and other such financial information. Based on this report and analysis of financial data, credit score is given to an individual which helps lenders to check on an individual’s creditworthiness.
In India, Credit Bureaus are licensed and regulated by the Reserve Bank of India(RBI) and are empowered under the Credit Information Companies (Regulations) Act 2005.
Currently, India has 4 credit bureaus that are licensed under and regulated by the law.
CRIF High Mark
Apoorvaa recommends that you should check all credit bureau reports at least once in a year to keep all of them up-to-date and with accurate 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.