Difference between CIBIL, Experian, Equifax, CRIF
Understanding India’s credit landscape often means deciphering the specific roles of the four major credit reporting agencies: CIBIL, Experian, Equifax, and CRIF High Mark. While they all compile credit information to compile scores and reports, they can possess varying sources of information, scoring models and reporting formats, which will lead to variation in the score on any of these platforms for the same consumer.
As an example, CIBIL is often the agency referred to most by lenders in India. “Credit Experts” is a full-service credit management firm located in Bangalore, serving clients across all of India, that provides clarity in the mix of information. Credit Control experts analyze reports from all four of these credit reporting agencies to identify errors and discrepancies and realize how each one may affect your financial position. Credit Control Experts counsels consumers through the process of obtaining, reading and disputing errors with each credit reporting agency, and as a result, we can provide an accurate overall view of your creditworthiness. Credit Control Experts will provide the guidance and understanding of how to take advantage of the ins and outs of each of these reports, and help you obtain the best financial solutions available to you in India.