As a result, lenders can have a holistic view of the creditworthiness of their borrowers and thereby, minimise risk. Equifax uses latest technology and operations platform for updating and maintaining its credit information. Equifax’s consumer bureau has a large information base vis-a-vis credit activities of customers across India. Borrowers should ensure that data related to them is reported sans errors and is up-to-date without any outdated information. Right asset product for the right consumer by timely review of theĬredit information. Consumer bureau helps lenders zero in on the The list of products and services offered by Equifax are listed below:Ĭonsumer credit bureau performs one of the primary functions of Equifax India - provide credit information scores (numerical score between 1 and 999) and reports. Single window interface for both data entry and credit enquiry. Value added services which can be utilized through the Multi bureau solutions in that data from various credit bureaus is consolidated into a single point of inquiry for simplifying procedures. Microfinance institutions across the country by launching its Matching algorithms and advanced techniques (search) for achieving greater accuracy.Īpart from offering traditional credit information services courtesy itsĬonsumer credit bureau which was launched in 2010, Equifax is often credited with taking leadership in providing risk scores and portfolio reviews of various The lenders can, therefore, improve their asset quality while the borrowers can review their The credit information available in the Equifax database can be accessed by both lenders and borrowers. The information provided by registered members is used to determine the credit behaviour of customers and thereby, help lenders gauge the creditworthiness and repayment capacity of borrowers.Equifax uses proprietary tools which are customised to cater to specific requirements to help lenders make informed credit decisions. Equifax collates information provided by its registered members for conversion into a usable format to produceĬredit scoreson customers under the Credit Information Companies Regulation Act 2005.
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