Phil Nolan, MD, Experian Credit Information Co India says, “Lenders will give the same data to all bureaus but what will be differentiated is how do we facilitate that data to members in terms of quality, hygiene etc.”
Experian believes it will also be able to rope in consumers to actively access credit data. Currently, each report will cost Rs 138.
Experian says it is also armed to tackle one of the bigger problem areas facing credit information bureaus — that of consumer redressal. It says systems are in place to ensure quick and easy resolution.