Understand Your Experian Credit Information Report

What is the Experian Credit Information Report?

The Experian Credit Information Report lists all the information held about an individual by the Experian Credit Information Company of India Private Ltd.  This information is supplied to us by our approved members. This is the same information that is accessed by the members when they are assessing a credit application from an individual or a business. The Experian Credit Information Report contains the applicants name, address and other individual identifying information, such as date of birth, PAN card number etc. It would then list all recorded credit information for that borrower (type of borrowing, date of loan, current balance, payment history, any recorded defaults etc.) Finally it would list when lenders have made enquiries about the borrower – this confirms previous details of credit applications with the associated details of the type of credit requested, amount etc.

Can anyone see my credit information or search my report?

No, credit information is private. Only organisations who are members of our information-sharing scheme can see your credit information. Our information-sharing scheme is strictly regulated by the Reserve Bank of India as per the Credit Information Companies (Regulation) Act 2005. There are strict rules governing the ways in which lenders can access and use the data we hold about you. 

How do I know who has seen information about me?

When an organisation checks or searches your information on our database, a record, or ‘footprint’, of this is kept. These records show who has accessed your personal information, why and when. They are kept on record for one year. We keep records of searches for your information and to help lenders process credit applications. They also help prevent fraud. Unrecorded enquiries show you that an organisation has looked at your report for a purpose not related to credit (such as checking your identity), but a record of these unrecorded enquires are not revealed to other lenders.