Experian is a leading global information services company, providing data and analytical tools to our clients around the world. Experian helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making.
Experian helps people to check their credit report and credit score, and protect against identity theft. In 2015, Experian was named by Forbes magazine as one of the ‘World’s Most Innovative Companies’.
Experian Credit Information Company of India Private Limited is in the business of providing Credit Information Services to Consumers and Specified Users in accordance with the Credit Information Companies (Regulation) Act, 2005.
The meaning behind the numbers
Checking your credit report is the first major step in taking control of your financial situation.The more you know about how your credit report works, and how lenders and others use it, the easier it is to improve your credit status.
Stay in control of your finances and get your Experian Credit Score.
Experian credit report - What is it?
Your Experian credit report details your personal credit history, including home loans, credit cards, and more.
Your report contains information that helps lenders confirm your identity and assess whether you’re a reliable borrower.
Checking your credit report - Why it's important
When you apply for financial products, lenders will normally check your credit report and use the information, along with their own policies, to assess whether you are likely to repay what you owe on time. This plays a key role in determining your loan eligibility.
Score: Derived from your credit report
Your Experian Credit Score is based on the information provided in your Experian credit report and ranges on a scale from 300-900.
The rating scale helps give you an indication of how lenders may interpret your credit report; the higher the score, the lower the perceived risk and therefore the more likely you are to be granted credit.
Understanding your score
Experian Credit Score is calculated by looking at how you've managed your finances in the past, and how you're currently managing them.
Monitoring your score regularly can help minimise the damage that mistakes and potential fraudulent activity can have on your creditworthiness.
Learn to improve your score
Your Experian Credit Score is constantly changing along with your circumstances. As a higher score is seen as lower risk, it pays to make sure you’re achieving the highest credit rating possible.
Experian allows you to monitor your credit score history and how it fluctuates over time.
Important reasons for checking your credit report
Applying for credit if you are thinking of opening a new credit account, it makes sense to review your credit report first and make sure that everything is accurate and up to date. If there is an error, contact the organisation responsible with proof and arrange to get it corrected and/or you can contact Experian Consumer Support helpdesk who will liaise with the organization to get it corrected.
Protecting against ID fraud -Monitoring your credit report can offer protection from one of the fastest-growing issues such as identity fraud. This involves criminals stealing your personal information and using it to take over existing accounts or set up new accounts in your name. Keeping an eye on your credit report enables you to spot suspicious entries and deal with problems before they escalate.
One of the best ways to stay in control of your finances is to check your Experian credit report.