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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Anika Sharma
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