Experian is a globally recognised information services company and is one of the major credit bureaus in India. It provides credit score and credit reports to both the lenders and the consumers. The Experian credit report and scores are reflective of one’s repayment history, and hence play an important role in being approved for a new loan or credit card.
What is an Experian Credit Information Report?
Experian Credit Information Report, also known as “Experian CIR” refers to a detailed record of your credit history i.e. details of your past loans and credit cards that you have availed or applied for. It also contains information about your identity and the requests for your credit score as made by various lending institutions of India.
The following table gives a section-wise summary of the information present in the Experian credit report:
|Credit History||Information about the type of credit (secured/unsecured), current balance, date of loan, payment history, details of any prior defaults on credit card dues/loans, etc.|
|Personal Information||Includes name and address of the consumer, date of birth, PAN card number, etc.|
|Enquiries||This section contains information about the enquiries made by various financial institutions as a result of credit applications made by you along with the type of credit facility (loan/credit card) and loan amount/credit card limit, etc.|