Credit Information Companies (CICs) collect public data, credit transactions and payment histories of individuals and companies regarding loans, credit cards, among others. Based on the the collected data, CICs form a credit report and generate a score. Banks, non-banking financial institutions refer to the CIC's report and score to decide borrowers' creditworthiness before granting a loan or issuing a credit card. The credit score ranges between 350 to 850 and anything above 750 is considered as a good score. CICs are licensed by the Reserve Bank of India. CIBIL, Equifax, Experian and High Mark Credit Information Services are the well-known CICs in India.