How will you be able to trust someone who is asking for money from you? Well, it would be easier to trust your friend as compared to a total stranger as you will have the risk of losing the money with him or her. When lenders lend money to individuals, they like to check the repayment track them so that they can get their money back. So, how do they ensure the same? Well, the answer would be Experian Credit report. Experian is one of the leading credit bureaus working in India that keep track of individuals’ financial transactions and repayment behavior. Based on the tracking, these bureaus provide credit reports of individuals. Other credit bureaus are CIBIL, Equifax, and CRIF High Mark that also provide credit reports.
If you want to find the credit score of yours, you can find the same in the credit report. Wondering what a credit score is? Well, Experian credit score is a 3-digit number ranging from 300 to 900 that represents an individual’s detailed repayment history. This history consists of your loan repayments, credit card bill payments, etc. In this article, we will be telling you the process to get your Experian credit report along with the factors that can improve your score over time. Keep reading to know more! How to Get Experian Credit Report in an Easy Way? One of the important factors that define an individual’s creditworthiness can be your Experian Credit report. It’s important to get your hands on the credit report by the Experian so that you can understand the factors that affect your score. To know the same, you should know the method to get the report. You will need to follow a few simple steps to get the same. Have a look!
If you are not comfortable with the online method, you can check the credit information report from Experian by the offline method. Here, you will only need to submit the credit report application form and submit it to them. However, to receive your report at home, you will need to pay INR 138 as fees for the credit report. Factors that Contribute towards a Good Experian Credit Score Now many people have this question about the methods with which they can improve their credit score in an easy way. Before knowing these methods, you should understand that any score of 750 or above is considered to be a good Experian credit score, while anything below this is considered to be a poor score. However, if you want to improve your score, you can apply the following methods.
If you keep these factors in mind and pay your credit card & loan EMIs regularly without any fail, your score will only improve. The reason: repayment history contains the most weightage of 35% among all other aspects of your credit score. So, never miss your payments if you want to have a good score.
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Well, you can check your CIBIL score by visiting the Transunion CIBIL website. It is an online credit bureau platform for customers like us, where we can check our CIBIL score online for free. How to use CIBIL services? To use the CIBIL check services online, you need to create an account. This is simple to create and will hardly take 5-10 minutes. For more information on CIBIL score online, begin reading this article.
Procedure to Check My CIBIL Score Online Follow the instructions below to check CIBIL score Online at Transunion CIBIL
Advantage of My CIBIL Score Check When you check your CIBIL score online, you’ll get the following benefits:-
What if My CIBIL Score is Poor? Your CIBIL score can be poor because of varied reasons such as nonpayment of loan EMIs, due credit card bills, error in credit report, high credit card utilization ratio, etc. So, let’ see how to improve my CIBIL score -
Credit Score is one of the important factors that can affect your overall finances both positively and negatively. Different credit bureaus keep track of your repayment behavior and provide a score based on this. CIBIL is one of the most popular credit bureaus in India.But here, we want to focus on your attention to the CIBIL Score improvement. Several people ask this question about how to improve CIBIL Score in an easy way?
When a person wants to know the methods to improve your CIBIL score, it simply means that he or she has a pretty low score. A low score indicates that an individual has irresponsible repayment behavior which resulted in a low score. The crucial part to improve your score is to correct your bad habits related to repayment, and form a few good ones. In this article, we will be telling you all the methods that will give the answer to your question of How to Improve CIBIL Score. If you are struggling with a low score, you can apply these methods. Keep reading to know more! Let's Understand a Few Methods to Improve your CIBIL Score! As we said earlier, improving your CIBIL score is nothing but correcting your bad repayment habits, and keep doing them responsibly. When you do them for a long time, your score will improve automatically. We are showing some of the methods below that you can check. Never Miss your Bill Payment! The first and foremost thing you need to remember is to never miss your bill payment. These payments can be your credit card bills or Loan EMIs. Always try to pay them before the specific due date. When you form this habit of timely repayment, you will only increase your score. Timey Bill Payments is one of the prominent factors that affect your score. Also, one of the crucial things to pay on time is to always spend according to your repayment capacity. Don't make a Habit of Paying the Minimum Due Amount Some individuals believe that they can get on with their financial life by paying only a minimum due amount on their credit card. If you don't know what this minimum amount is, let us tell you that 5% of your overall credit card bill is known as the Minimum Due Amount. But here's a catch when you pay only the minimum due amount. The interest and other charges will be added on to the remaining amount. If you keep paying only the minimum due, it will keep piling up, and soon you will be in a debt trap. So, when you are asking answers for how to improve CIBIL Score, this is one of those things you should avoid. Use your Credit Card Limit Wisely It is advised to use only 30%-40% of your overall credit limit to improve your credit score. Suppose you have an overall credit limit of INR 1 lakh, you should try to spend only INR 30,000 to 40,000 in a month. Individuals who spend more of their credit limit are usually seen as credit hungry borrowers in the eyes of lenders. Also, when you spend less of your overall limit, you would be able to pay your bills on time. Check your CIBIL Report Regularly One of the efficient methods to improve your CIBIL score is to check your report regularly. Some people also seek answers to the question of How to Check CIBIL Score of theirs. To do the same, an individual needs to follow a few simple steps and he or she can know his CIBIL Report from which the score can be known. Checking your report regularly helps you with finding any irregularities if any. Correcting them can improve your CIBIL score score significantly. You can visit the credit bureau Experian and check your credit report for free. For this you need to create an online Experian account which involves 3 steps information, verification and approval. Once your account is created, you can access your credit report. Using the report you can find your credit score and information about your credit history which includes your credit card, loans, identity information and recent credit enquiries. Read the article and know about the Experian credit report.
What are the benefits of Experian Credit Report? Using the information of your credit report your lender decides the loan eligibility and interest rate. And to maintain it, you need to do the following.
Contact Experian For any query related to your Experian credit report please contact the credit bureau using the toll-free number 1 800 831 5614. And the customer service is available to you from 7:00 am to 7:00 pm Monday to Friday. Experian sends your credit report to your registered email address via electronically scrambling your information using a secure socket layer (SSL) encryption which secures your information from any fraudulent usage. For what Experian can help you with? The credit bureau can help you with your queries related to the following.
Transunion CIBIL is a credit information bureau that keeps track of your repayment history. Your CIBIL score is a three-digit number which ranges from 300 to 900. You can check your CIBIL online by visiting CIBIL's official website. Enter your details and pay a nominal fee. Read the article and know about the credit bureau and the process of CIBIL check.
Online Process of CIBILCheck Using the credit bureau services, you can create a free account and know your credit score. By following the below steps, you can check CIBIL online.
After that, wait for the approval and create a username and password till then. Once, your account is ready, you can log in to your CIBIL account and check your CIBIL score. CIBIL Plans You can subscribe to CIBIL plans to manage or improve your credit report. Have a look at some of the CIBIL paid features.
When my CIBIL would be low? If you don’t make timely payments for your credit card bills and loan EMIs, the score starts decreasing and you are burdened with high debt. If the score is not low because of any reason for payment then it must be your credit utilization. When a credit card user makes use of his credit card above its limit the CIBIL score reduces with it. You should put a halt on your credit utilization. The credit utilization ratio should not exceed to 30% if you want to maintain a good CIBIL history. Advantages of CIBIL
And don’t forget to check CIBIL online whenever you apply for a loan or credit card to reduce the chances of its rejection. So, follow the mentioned stes and create a CIBIL account to check your credit score to know your eligibility for a loan or credit card. The credit bureau allows customers to do a free CIBIL check online for one-time only after which they need to choose from one of the paid plans for further service. So, get the advantage of CIBIL and find your CIBIL score. |
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