A , also known as a credit bureau, is an independent organisation that collects and maintains financial data on consumers to help lenders assess risk. Core Functions
: CRAs gather information from various "subscribers" like banks, utility companies, and retail stores. credit-reference-agency
: Lenders use these reports to decide whether to grant you credit, such as loans or credit cards. A , also known as a credit bureau,
: Under the Data Protection Act , agencies are legally required to provide you with a copy of your credit report upon request. : Under the Data Protection Act , agencies
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: They compile this data into a Credit Report , which includes your credit applications, existing accounts, and payment history.
: They help prevent fraud and money laundering by verifying your residency and personal details. Major Agencies in India