Credit Bureaus plays an important role for the lender to help them judge your eligibility. The credit bureaus help lenders to know your credit history and to judge whether you are eligible for a loan or not and also if you have the ability to pay them back. Based upon your previous credit history, they create a credit score which is a 3-digit number that helps you to acquire a loan to meet your financial requirements. If you have a quite low CIBIL score, you may approach to any of these credit agencies that will suggest you improve your credit score within the due time. A credit bureau helps to assist loan borrowers in understanding where they stand on credit. A credit bureau collects, holds, uses and discloses personal and credit-related information about individuals and companies to the lenders to assist them while lending you a loan.
Full information : All About Different credit bureaus in India