As far as availing a loan or credit card is concerned, it would not be wrong to say that your cibil score always comes into the picture. And, why not, after all, this three-digit numeric summary shows a complete financial journey of an individual.
It gives a quick access to an applicant’s credit profile and repayment record. And, soon after looking at the same, lenders then decide whether an applicant is eligible for a loan/credit card or not. This is the reason that why many people are always curious to get free cibil score online so as to know their creditworthiness.
Let’s just give you the insight of the same in the article below:
What is an Experian Score?
Experian is one such globally recognized credit rating agency that collects and maintains the credit score of the applicants. It represents the three-digit numeric summary of an individual related to loans/credit cards, etc. The score ranges from 300 to 900. After looking at the score, lenders then take a call and decide whether an individual is worthy enough for any sort of credit facility or not.
How to Check Score Online?
As far as checking your score is concerned, it is absolutely easy and quick to know the score. Yes, in just a few minutes, followed by simple steps you can know the same.
Step 1: Personal details form
Step 2: OTP verification
Step 3: User details form
Step 4: Q&A form
What Details are Required to Check the Score?
- Take a look at the article below to know the same.
- Full Name, Mobile Number, and Email ID and click on the ‘Submit’ button.
- An OTP is sent to the registered mobile number
- Enter the OTP and
- Click on ‘Verify & Continue’
- Select your Date of Birth and Gender
- Mention your Permanent Address including the state, city, pincode
- Give your PAN Number and submit
What is an Experian Credit Report?
Talking about a report, it is one such unified document that contains a complete cheat sheet of an applicant’s credit history and repayment record. The document includes each and every financial detail of an individual such as current loan/credit card details, previous defaults (if any),etc. The report gives a quick access to an applicant’s financial journey, which further helps an applicant to decide whether he is worthy enough for a loan/credit card or not.
Now that you know what this Experian credit report is all about. It’s important for you to know how the same gets generated. So, take a look at the article below:
How is Experian Report Generated?
The report gets generated after taking into account the below factors such as:
- How many credit card accounts does one have
- How much an individual owes as a total credit
- If an applicant has any missed or late payment
- How many credit/loan applications are being made in the last 6 months