Credit Reporting Companies

Posted by Credit Pro Center on March 6th, 2019

As people have started taking more and more goodness in different forms and sizes as compared to the previous decade, the importance of credit reporting companies has gone higher. The credit bureaus are meant to collect and collate information related to the credit history of borrowers.

Your credit score will depend on your previous track record of how you have handled your goodness. In other words, the records give a thorough assessment of the goodness worthiness of borrowers.

To prepare the credit report, the reporting companies, mainly CIBIL, uses both qualitative and quantitative measures. Quantitatively, it is basically the data furnishers like the banks, credit card companies, creditors, lenders & utilities, and debt collection agencies with whom a person have taken credit earlier. And qualitatively is the subjective factors mainly - Character, Capacity, Capital, Collateral and Conditions. Through these two assessment techniques, credit bureaus can collect all the information of customers that they need to prepare the credit report.

To know more in detail about credit reporting companies visit our website and contact our experts.


Credit Pro Center

About the Author

Credit Pro Center
Joined: February 18th, 2019
Articles Posted: 2

The ONLY Vital Credit Card
Earn 5% Cash Back on all of your purchases plus additional cashback for sharing the offer with your friends and family! This is the ONLY credit card you need! Competitive APR's, No annual fee, Elegant Metal Card Design!
Claim 1 FREE Stock! No Purchase Necessary!
You have a 100% chance of receiving one free stock! Click to claim and have a chance to get one share of Facebook, Visa, Microsoft and others for free!
FREE App - Earn up to 25/gal cash back on gas!
Download this FREE app and earn cash-back when you buy gas, groceries and food! 100% FREE to join and FREE to earn cash back on your everyday purchases!
Quality Office Furniture USA Shipped Direct - Madison Liquidators
Nationwide vendor of quality office furnishings including Desks, Office Chairs, Conference Tables, Cubicles and more!
Earn HNT Tokens with a Helium Hotspot!
Pre-Order a Helium hotspot and earn HNT tokens that are redeemable for USD. Set it and forget it!
Lolli: Earn Free Bitcoin When You Shop Online!
Lolli is a rewards application that gives you bitcoin for shopping at your favorite online stores.