‘Free’ credit information reports are not that ‘free’6 min read 24 Jan 2017, 04:29 PM IST
The Reserve Bank of India has told all credit bureaus to give one free full credit report, every year, to all consumers. It is now your right. But how easy or difficult is it getting one?
The Reserve Bank of India (RBI) has made it mandatory for all credit information agencies in the country to give a free full credit report (FFCR) without any charge, on request, once a calendar year to individuals whose credit history is available. This rule has come into force from 1 January 2017. At present, there are four such companies in India: CRIF High Mark Credit Information Services Pvt. Ltd, Equifax Credit Information Services Pvt. Ltd, Experian Credit Information Co. of India Pvt. Ltd and Transunion CIBIL Ltd. Thus, you can actually have four credit reports for free each year, as you can get one from each company.
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