Your credit score significantly impacts your creditworthiness. Two key bureaus, CRIF and CIBIL, play major roles in generating these scores. This article explores the distinctions between CRIF and CIBIL scores.

CRIF Highmark Score vs CIBIL Credit Score

Both CRIF and CIBIL compile credit scores using data from various credit companies, reflecting a borrower's reliability. Higher scores ease access to loans. Let's examine each bureau individually:

What is CRIF Score?

CRIF High Mark began in India in 2010 and extends operations across 40 countries. It is authorized by the Reserve Bank of India to calculate scores by evaluating consumer payment behavior.

What is CIBIL Score?

CIBIL, currently known as TransUnion CIBIL, started in India in 2000. It's widely acknowledged as the principal credit score provider in India.

Differences between CRIF Score and CIBIL Score

While operating independently, CRIF and CIBIL share similarities in credit scoring. Below are notable differences and similarities:

CRIF Score

• Known as: CRIF Center for Research in International Finance High Mark.
• Operates in 40 countries across 4 continents.
• Licensed by Reserve Bank of India for score generation.
• Score range: 300-900, with higher scores more favorable.
• Price for a CRIF report and score is Rs.399 (inclusive of GST).
• Free score check available on CRIF's website.

CIBIL Score

• Known as: Credit Information Bureau India Limited (now TransUnion CIBIL).
• Operates solely in India.
• Licensed by Reserve Bank of India for score generation.
• Score range: 300-900, with higher scores more favorable.
• Price for a CIBIL report and score is Rs.550.
• Free score check available on CIBIL's website.

Which is Better - CRIF Score or CIBIL Score?

CRIF and CIBIL scores share common traits and distinctions. Both scores range from 300-900, with scores over 700 deemed optimal for loans. These bureaus, licensed by the Reserve Bank of India, enable free score checks. The decision between the two is subjective, hinging on personal preference and lender criteria.

In Conclusion

Various entities like CIBIL, CRIF, Experian, and Equifax generate credit scores, which may exhibit slight variations due to data inputs and each bureau's interpretation.

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