CIBIL caters primarily to domestic money lenders; hence, preferred by most financial institutions in India. International financial institutions like HSBC and Morgan Stanley favour Experian score. Being an Indian-based establishment, CIBIL scores are given more priority by Indian lenders. CIBIL and Experian provide the status and detailed credit reports of a company and individual. However, since 90% of the companies and financial institutions are linked with CIBIL, you have a better chance of getting your loan approved with a positive CIBIL score. Both use different algorithms to compute the credit score. For instance, CIBIL uses the algorithm Empirica, which collects data on payment history, credit type, credit utilisation, and credit exposures. In contrast, Experian uses the FIFO (First In, First Out) to calculate the credit score. The credit score is set by the Reserve bank of India (RBI), ranging from 300 to 900, with 900 being the highest. There are various credit bureaus, Experian and CIBIL TransUnion being among them.Experian and CIBIL TransUnion are well-known credit information companies approved by the Securities and Exchange Board (SEBI). They provide detailed credit reports that aid various lenders and borrowers in making informed decisions. A credit score of 750 and above is considered suitable for CIBIL and Experian.Some points of distinction: