Credit Score: You can check your credit score with the help of many credit bureaus including CIBIL, know which option is best for you...
In today's time, to take a loan, we must check our credit score. If your credit card is not in good order then no bank will give you a loan or credit card. In such a situation, you can take the help of CIBIL to check your credit score.
You have many options other than CIBIL. You can also check your credit score from other credit bureaus like Equifax, Experian, and TransUnion CIBIL. In such a situation, the question often arises of which credit bureau is the best. Let us know the answer to this question. Also, what is the difference between these credit bureaus?
What is the difference between credit card bureaus
Let us tell you that CIBIL is the first credit bureau in India. Many people in the country use it. It is registered with the Reserve Bank of India (RBI). It is operated by a company named TransUnion. TransUnion is a type of non-listed company.
At the same time, CRIF is also directly regulated by RBI. Apart from this, Experian company has a global credit bureau. Now the question that comes to the mind of many people is how any credit score is decided.
How is credit score determined?
Credit score ranges from 300 to 900. It decreases and increases due to many factors. If you pay through a credit card, then many factors like how much time you pay the bill or loan payment affect your credit score. If your credit score deteriorates, it can put you in financial trouble.
In India, most people check their credit score with the help of CIBIL. You can also use CIBIL to check your credit score. Although there are 4 credit bureaus in the country, you can get your credit report from any of them.
PC Social media