: Agencies are bound to ensure data is accurate, relevant, and not out-of-date.
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
: The oldest and most widely used agency by Indian lenders. credit-reference-agency
: Under the Data Protection Act , agencies are legally required to provide you with a copy of your credit report upon request.
: They compile this data into a Credit Report , which includes your credit applications, existing accounts, and payment history. : Agencies are bound to ensure data is
: Recognised for its analytical depth and data segmentation.
According to Bajaj Housing Finance , the primary agencies operating in India include: : Under the Data Protection Act , agencies
: They help prevent fraud and money laundering by verifying your residency and personal details. Major Agencies in India