April 20: Credit Information Bureau (India) Ltd (CIBIL), India’s first credit information company, on Wednesday said that consumers can now purchase their “CIBIL TransUnion Score” directly from it.
The TransUnion Score, which plays a critical role in the loan approval proc-ess of credit institutions, is now available to consum-ers for Rs 450, CIBIL managing director, Mr Arun Thukral, told reporters here. “We are very happy to provide this service directly to consumers as knowing their CIBIL TransUnion Score will help them assess their credit history better and enable them to ‘see themselves as lenders do’,” he said.
Knowing their CIBIL TransUnion Score will enable consumers to better manage their credit history, avail speedier access to credit and derive benefits associated with good credit history. The score is provided along with the CIBIL Credit Information Report (CIR). The TransUnion Score is a three-digit numeric summary (ranging from 300 to 900) of a consumer’s credit history, compiled from information received from credit institutions who are members of CIBIL.