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Loan Credit Score Report
IN INDIA 79% OF THE LOANS APPROVED ARE FOR INDIVIDUALS WITH A SCORE GREATER THAN 750.
Everyone with a loan or credit card has a credit score, and staying up to date on yours is crucial. Your credit score affects your major purchases - your car, your house, and even paying for your education. It makes sense to not only track your credit score but also take necessary steps to improve it.
Can Calculate your Credit Score for free (just a approximation of Credit Score will be provided not exact Credit Score will be provided here).
We understand that your credit score is a key piece of personal information. Don’t worry, unlike other apps who spam you with loan offers, we do not use this information for sourcing loans for financial institutions. None of your information is shared with any third parties or institutions.
The most important parameter that one must follow is that they must ensure that their credit score is high at all times. The following are the ways you can follow to keep a high credit score:
- Watch the credit card balances. Make the payments on a monthly basis and don’t let it spill over by paying just the minimum amount due. - - You will be charged a heavy interest on the remaining balance.
- Eliminate nuisance balances. If you have credit cards with small balances due, then clear them off at the earliest or transfer it to another existing card. This way you are not polluting your credit report with a lot of balances.
- If you have diligently paid off a debt, then leave the record in your credit report.
This way future lenders will know that you are serious about making a commitment to paying off a loan and you do so in an orderly manner. This makes you an ideal customer.
Your Credit Information Report (CIR) is an evidence of your credit worthiness. Credit Score ranges between 300 and 900. All lenders check your Credit Score before approving your loan application.