Satya, Head-Business Development, iCrediZen Exclusively with Hybiz.tv said that Credit cards are very useful if you use it in a right way. Today credit report or credit score is mandatory for any financial transaction in western countries and this is going to happen in India also. The company has started the business to educate the people about the finance and the use of credit card. The Credit Repair industry is a billion dollar industry across the world. The biggest challenge for this industry in India is to make the people aware that credit report is very important for any financial transactions. The credit report plays a very important role in the field of financial planning. In India there are Credit Rating Company & Credit Information Company. The credit information company provides the credit history on the past transactions through a credit report called as CCIR (Commercial credit Information Report) which is available online. There are credit rating companies in India which rates the companies and send the reports to the financial institutions.