Which credit bureau is most important in India?
TransUnion CIBIL\n\n Founded in the year 2000, TransUnion CIBIL is India's first and most well recognised credit bureau. CIBIL members in India include all major banks, financial institutions, housing finance companies and NBFCs.
Which credit score is more reliable in India?
It is the oldest and most popular in India today. Also, it offers market insights and portfolio reviews for businesses apart from CIBIL scores and reports for individuals. Its scoring system ranges from 300 to 900, with 900 being the highest and 300 being the minimum CIBIL score.
Which credit bureau has the most accurate score?
Although Experian is the largest credit bureau in the U.S., TransUnion and Equifax are widely considered to be just as accurate and important. When it comes to credit scores, however, there is a clear winner: FICO® Score is used in 90% of lending decisions.
Which is better Experian or CIBIL?
CIBIL score has an edge over Experian score:\n\n CIBIL scores are viewed by lenders as superior to Experian scores. This is rightfully so. Almost 90% of Indian financial institutions and banks have business tie-ups with CIBIL.