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Credit Score

Get your free Credit Report from CRIF High Mark. Know your personal credit score before you apply for credit to save your time and money!

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Credit Score

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  1. What is Credit Information Companies (CIC) A Credit Information Company (CIC) is an organization which collects and analyses financial data of individuals and companies (loans, credit cards and other related data) and generates its products and services on the basis of this data. This data is provided to CICs by their member banks and other financial institutions.

  2. How many credit information companies are there in India? There are 4 credit information companies in India including CRIF High Mark. • CRIF High Mark is India's first full-service credit information bureau which comprehensively covers credit information for all borrower segments – MSME and Commercial borrowers, Retail consumers and Microfinance borrowers – across the vast expanses (whether urban or rural areas) of our country. • CRIF Highmark is one of the four RBI authorized credit bureaus in India which provide personal credit score and business credit score. You can download your credit report and find out your credit score. By law, you are entitled to a free credit report from all the four credit information companies at least once a year.

  3. What is a CRIF credit information report (CIR)? A credit report represents a comprehensive credit profile of a borrower. This includes, for example, personal information (e.g. borrowers name, ID number, date of birth etc.) and a credit summary (e.g. credit accounts held by borrower, whether accounts are current/past due, and a record of recent credit enquiries made about the borrower).

  4. What is a CRIF Credit Score? It is a three- digit number which gives a bank or a lender a sense of your creditworthiness i.e. whether you have been repaying your dues regularly or not. If the credit score is good, then the lender understands that you have used loans or credit cards in the past and have repaid all the dues properly and regularly. This makes lender comfortable to approve your current application for a loan or credit card. CRIF credit score generally ranges between 300–900. 300 is the lowest score indicating poor credit score and 900 is the highest score possible. A score above 700 is generally considered good.

  5. Types of Credit Score Personal Credit Score Personal credit score is the measure of any individual's financial health Business Credit Score Business Credit Score is the measure of the company's creditworthiness. Consists of: Consist of 5 major components: Payment history, Amounts owned, Length of credit History, Credit Mix and New Credit About Business, Credit Score, Loan History, Past Searches

  6. To monitor your growth, perform a regular credit score check. You can get your online credit score here https://cir.crifhighmark.com Follow CRIF India on:

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