Banks: Traditional banking institutions often access these reports as part of their due diligence process when assessing loan applications from businesses. They use the credit report and rank to evaluate the creditworthiness and repayment capacity of a company.
Non-Banking Financial Companies (NBFCs): These financial institutions, which offer various banking services but don’t hold a banking license, also use these reports for similar purposes as banks. They rely on the credit information to make informed lending decisions.
Financial Institutions: This category includes a wide range of organizations that deal with monetary transactions, such as credit unions, insurance companies, brokerages, and investment funds. These institutions may access company credit reports and ranks for lending purposes, investment decisions, or risk assessment.
Credit Bureaus Members: Besides the aforementioned entities, other members of credit bureaus (like TransUnion, Experian, Equifax) who have legitimate business reasons and the necessary permissions can access these reports. This access is governed by regulations to ensure that only authorized and relevant parties can view such sensitive financial data.
The Company Itself: The company whose credit is being reported can request and access its own credit report and credit rank. This is often done for self-assessment, to understand their standing before applying for loans, or to check for inaccuracies.
Authorized Representatives: In some cases, authorized representatives of the company, such as accountants, legal advisors, or financial consultants, may access the report on behalf of the company, provided they have the necessary authorization.