If you’ve ever checked your credit score on different platforms, you may have noticed something odd—your CIBIL score is different from your Equifax or Experian score. Which one is correct? And why are they different?
In this blog, we’ll break down the key differences between India’s three major credit bureaus—CIBIL, Equifax, and Experian—and explain how Mystic Finance helps you keep your credit profile consistent across all of them.
What Are Credit Bureaus?
Credit bureaus are organizations licensed by the RBI that collect, maintain, and report data related to your credit activity—loans, EMIs, credit card usage, repayment history, and defaults.
India has four RBI-approved credit bureaus:
- TransUnion CIBIL
- Equifax
- Experian
- CRIF High Mark
Lenders use one or more of these bureaus to evaluate your creditworthiness before approving a loan or credit card.
❓ Why Do Scores Differ Across Bureaus?
1. Different Reporting Times
Each lender reports to bureaus at different intervals. One bureau might have your updated loan closure, while another hasn’t received it yet.
2. Varying Data Sources
Some lenders report only to one or two bureaus. So, one report may have more loan accounts than another.
3. Algorithmic Differences
Each bureau uses a slightly different scoring model—based on payment history, utilization, credit mix, and age of credit. These weightages can vary.
4. Errors or Omissions
A bureau might list incorrect personal details, loan entries, or fail to reflect disputes you’ve already resolved.
How These Differences Affect You
- Loan Rejection: A lender checking only one bureau might see a lower score and reject your application.
- Interest Rate Impact: Your score determines the interest rate offered. A mismatch could mean paying more.
- Confusion: Not knowing which bureau’s score your lender uses can lead to misinformed credit decisions.
️ How Mystic Finance Fixes Credit Discrepancies
Mystic Finance understands that managing your credit across multiple bureaus can be confusing and time-consuming. Here’s how they help:
✅ 1. Multi-Bureau Report Analysis
They fetch and analyze your credit reports from CIBIL, Equifax, and Experian to identify inconsistencies, outdated entries, or missing information.
✅ 2. Error Identification
They find errors like wrongly marked defaults, unclosed loans, or misreported EMIs that could be dragging your score down—often unnoticed in one bureau.
✅ 3. Dispute Filing Across All Bureaus
Mystic Finance raises disputes with each relevant bureau, ensures proper documentation, and follows up until updates are reflected accurately.
✅ 4. Credit Harmonization Strategy
Their experts help align your credit behavior (repayments, utilization, etc.) in a way that positively impacts all bureaus simultaneously.
✅ 5. Loan Readiness Assessment
Before applying, Mystic Finance tells you which bureau your target lender uses—so you can apply confidently with your best score.
Pro Tips for Managing Multiple Credit Scores
- Check reports from all three bureaus at least once a year
- Maintain consistency in your credit behavior—timely payments, low utilization
- Don’t panic about small score differences; focus on the average
- Get professional help if major mismatches or reporting errors exist
Final Word: One Credit Profile, Many Faces
Your credit health is often judged differently by different lenders—not because your behavior changes, but because of how bureaus interpret and report it. That’s why it’s critical to keep all your credit records clean and synchronized.
With Mystic Finance, you don’t have to manage this complexity alone. Their expert team ensures that your credit profile is accurate, optimized, and ready—across CIBIL, Equifax, and Experian.
Contact Mystic Finance today for a free multi-bureau analysis and stay loan-ready on every front.