India, Aug. 12 -- A credit bureau plays an important role in the lending ecosystem. It collects and maintains information about your loans, credit cards and repayment history and uses this information to create your credit report. Lenders can use this information as part of their credit assessment when you apply for credit.

Understanding how credit bureaus work can help you monitor your credit profile, identify inaccuracies and make more informed borrowing decisions.

In summary

What is a credit bureau?

A credit bureau, also known as a credit information company, collects and maintains credit-related information about individuals and businesses. Banks, NBFCs and other eligible credit institutions share relevant credit information with ...