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Credit Bureau | Presence in India | Credit Score Range | Payment | Time Taken | Dispute Resolution |
---|---|---|---|---|---|
CIBIL | Established in 2000 | Score range is 300-900. A CIBIL score above 750 is considered good, while a score closer to the lower end of the scale is considered poor. | Rs. 550 for a one-time Credit Score and Report. Can opt to buy a subscription twice or four times a year. Payment by NetBanking, debit card, or cash. You can buy just your credit report for Rs. 159, to be paid by DD only. | Credit report will be sent after verification of documents – can take up to 7 days. If online authentication is successful, details will be sent to your email address. | Yes. You can file a complaint online as well. |
Experian | Received license in 2010 | Follows a similar scoring range from 300-900. | Rs. 138 for Credit Report, can be paid by DD or NEFT or NEFT-enabled branch. Credit reports can be bought online for Rs. 399. | Online applicants will receive a copy by email in real-time after verification. Offline requests can take up to 20 days for verification. | Yes, you can download and fill in the Query Application Form with the requisite authentication documents and send it to the address listed on the website. |
What is Experian?
Experian is a credit reporting agency that provides credit reports, credit scores, and credit monitoring services with a presence in 40+ countries, including India.What is CIBIL?
CIBIL is a credit information company that collects and maintains the credit information of individuals and companies.
What is the difference between Experian and CIBIL?
The main difference between Experian and CIBIL is their origin and presence. Experian is a global credit bureau, while CIBIL is India's first credit bureau and operates solely in India. Another difference is that Experian has a credit score range of 300-900, while CIBIL has the same credit score range but is referred to as the CIBIL score.
Which credit bureau is more widely used in India, Experian or CIBIL?
CIBIL is the most widely used credit bureau in India, as it is the first credit bureau established in India and has been in operation for over two decades.Do Experian and CIBIL use the same credit scoring model?
No, Experian and CIBIL have different credit scoring models, which means your credit score may vary between the two bureaus. But both credit bureaus use similar factors to calculate your credit scores, such as payment history, credit utilisation, length of credit history, and types of credit used.
Can I request my credit report from both Experian and CIBIL?
Yes, you can request your credit report from both Experian and CIBIL. It's a good idea to review your credit report from both bureaus regularly to ensure that your credit information is accurate and up to date.
What is TransUnion CIBIL Score?
The TransUnion CIBIL Score is a three-digit numeric summary of your credit history, ranging from 300 to 900, used by lenders to evaluate your creditworthiness.The act of paying out money for any kind of transaction is known as disbursement. From a lending perspective this usual implies the transfer of the loan amount to the borrower. It may cover paying to operate a business, dividend payments, cash outflow etc. So if disbursements are more than revenues, then cash flow of an entity is negative, and may indicate possible insolvency.
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