Checking your CIBIL score from time to time is important and also very easy. Check free credit score to assess your financial health and credit worthiness. This will help you take corrective action before you seek any kind of loan. So go ahead understand the steps and check your CIBIL score free online.
In order to check free credit score, you need to follow a few simple steps.
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Your CIBIL score is extremely important when it comes to applying for credit cards and loans. The score gives a summary of you as a borrower. Your potential lenders will examine your CIBIL score to decide whether or not you are eligible to take out a loan from them.
Getting your free credit score is extremely easy. It is an essential step that you should never skip before applying for loans. It will help you understand your financial position and whether or not you need to improve your credit score at the moment.
Your CIBIL score is based on your credit history. It covers your past loans, repayment methods, duration, open credit accounts, and other personal details.
If you have a low CIBIL score, chances are you will end up not getting loans and credit cards from lenders. In the following paragraphs, we will find out all the details regarding how to check CIBIL score online for free, how to increase your CIBIL score to increase your chances of getting loans and factors that can affect your CIBIL score.
Also Check: IIFL CIBIL Score
Your CIBIL score ranges from 300 to 900 depending on your credit history. It includes your repayment history, your personal details, your employers’ details, your repayment methods, duration, and other details. These are examined by your potential lender when you apply for loans or credit cards. On the basis of the credit score, your lender decides whether or not you are an eligible borrower.
Check your free credit score and make sure you have a sufficient credit score to get your loan applications approved. If you are wondering how you can improve your credit score, a few points should be taken into consideration.
Make sure you implement these ways if you are wondering how to maintain a good CIBIL score. Do not take your CIBIL scores lightly. It will affect your loan-taking procedures stressful in the long run. Check your CIBIL score free online frequently. Keep track of your credit history and follow all the necessary steps to ensure your CIBIL score is decent enough before applying for a loan.
Also Read - Top 10 Factors Affecting Your CIBIL Score
Your CIBIL score is calculated based on a few factors. Your potential lender examines these while you apply for loans and credit cards. The major factors that your CIBIL score depends on include:
Check your CIBIL score for free and analyse whether you have enough CIBIL scores to apply for credit cards and loans.
Also Read - Complete Guide About Cibil score calculation
The range of your CIBIL score ranges from 300 to 900. 900 is the highest credit score one can have. On the other side, 300 is the lowest credit score to have. 750- 900 is considered a decent credit score that you can have to be approved for loans by lenders. Take a look at the chart to understand your creditworthiness based on your current CIBIL score.
|Credit Score||Creditworthiness||Approval Chances|
|Less than 600||Urgent actions required||low|
|700-749||Very good||Very high|
Make sure you keep checking your free credit score to understand how much improvement you need to have a decent CIBIL score of 750-900 before you apply for loans.
Also Read - Tips to Increase CIBIL Score from 600 to 750
Your CIBIL score is extremely important when it comes to taking loans and credit cards from lenders. Your lender thoroughly examines your CIBIL score before your loan application is approved.
Check your free credit score to constantly keep track of your credit report so that you do not have to worry about it while applying for loans.
Also Read - How CIBIL Score Affects Your Credit Rating
There are several steps that you need to follow if you want to improve your CIBIL score fast.
Also Read - How to Remove Name from CIBIL Defaulters List?
Know how good your score is
Get insights on how to improve it
Unlock offers as per your score
Visit the official website of the CIBIL company and press the option that says ‘get your full CIBIL score’ to get a free CIBIL score instantly.
The most authentic way to check your CIBIL score is by visiting their official website www.CIBIL.com.
They provide a 100%authentic credit report to all the customers.
For a standard subscription, you will have to pay around Rs.800. The package includes two credit reports over six months. If you want to subscribe for a package of four months, it will cost around 120/-
The best way is to reach out to your lender and request them to come to an agreement and offer them to pay the entire amount that you have to due.
This way, it will be easier for you to convince them to withdraw the lawsuit filed in the court against you.
Make sure you make your payments regularly for all the bills, monthly EMI, dips, and other bills. Do not apply for multiple credit cards and keep your credit limit utilisation within 30% to get a CIBIL score of 800 fast.
800 is an excellent score to apply for loans. When you have a credit score of 800 and above, your loan applications will most likely be approved by all potential lenders.
First, check free credit score and analyse how much you have to increase in order to reach 900 soon.
Manage your expenses well. Pay all your bills timely and make sure you do not make late payments at all.