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How does a credit bureau report a customer?s details?

By IndianMoney , 1 year ago

The lending institutions like banks keep records of your transactions like loans or credit cards taken, your loans, repayments history and timly payment of bills and EMIs to a credit bureau. The date is transferred on a monthly basis and this data is then assessed by the credit bureaus to calculate your credit score and maintain your credit history. This credit reports and credit score help lenders take informed decisions while lending money to borrowers.

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