Credit bureaus are companies that collect and organise information about how people use credit, such as loans, credit cards, and payment history. Top credit bureaus generate credit reports and scores, which reflect the creditworthiness of the consumers. Credit rating agencies and their rating guide lenders in making informed decisions about extending credit, ultimately impacting interest rates and access to capital. Credit score companies in India play a significant role in the financial system, as they help to prevent bad loans, fraud, and promote financial inclusion.
