The new Equifax Borrowing Advice Qualities Private Restricted (ECIS) (constantly known as only Equifax) is amongst the five credit reporting agencies subscribed because of the Set aside Financial of Asia. Equifax are were only available in 2010 in fact it is a m&a having Equifax Inc. Usa and you may loads of top financial institutions from inside the Asia. They truly are, Lender from Baroda, State Financial out of India, Kotak Mahindra Primary Ltd, Financial of Asia, Sundaram Fund Limited, Partnership Financial from India, and Religare Finvest Restricted.
For instance the almost every other bureaus, Equifax get borrowing from the bank pointers out of banking institutions and you can creditors and you can uses this short article to help make credit ratings, credit information profile, or any other attributes.
What is Equifax Credit score?
Another person’s Equifax credit history was a great 3-hand amount between 300 to 900 you to summarizes their credit score. This might be https://cashlandloans.net/payday-loans-ar/ computed playing with pointers provided with borrowing loan providers such as for example banking institutions and you will loan providers. This article is along with compiled with the a very complete Borrowing from the bank Suggestions Declaration.
Which statement includes a listing of the man or woman’s money and you will credit cards, its repayment background, and private personality information obtained regarding the loan providers where he’s got drawn a credit card otherwise that loan.
An Equifax credit history is claimed so you’re able to portray a person’s creditworthiness. Essentially, a top get says to a potential financial that a person features an excellent reputation for settling expenses and you can fund, and can make it possible to select whether or not to approve its loan requests.