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The first step to being creditworthy is consistent self-credit assessment. It can only be possible when you check your credit score frequently. It is a way to know the impact of all the credit activities and secondly, how well you are managing your finances. If you want to stay financially strong, learn here about the significance of a good credit score.
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Top benefits of checking credit score online www.indialends.com
The key to making good things happened in life is consistency so maintaining your creditworthiness all time is also not an easy task at all. We all know that credit score is a numerical presentation of past credit behavior and an indication of your financial behavior which is a major factor considered by all the lenders before approving any credit. The credit score ranges from 300-900. Higher is your score, greater are the chances of fast credit approval. So, it is a must to check your credit score online on a frequent basis. Any score above 750 is considered a good credit score.
In India, there are four main credit bureaus that are authorized to give credit report i.e. Equifax, In India, there are four main credit bureaus that are authorized to give CIBIL credit report i.e. Equifax, CIBIL, Experian and CRIF High Mark. Under this report, you can easily track your score with a detailed analysis of your financial position and how to improve further. Once in a year as per RBI rule, all four main credit bureaus allow you to get a free CIBIL credit report. Here are the key factors you get to know when you check credit score online: Gives a detailed picture of where you stand financially in terms of credit To improve the credit of every individual, FinTech companies have also joined hands with the Credit bureaus. Here on the FinTech platform, anyone who is looking for credit can check his or her free credit score or full-fledged credit health report anytime just with a click of a mouse. If you check your score frequently, it will help in improving your credit standing which will result in improving the score and making it reflect on the credit bureaus. www.indialends.com
Easy and quick credit report error rectification When you take credit from any of the lenders, all information related to repayments and another form of credit activity being given to credit bureaus. The Information related prepayment, closing or settling any form of credit are main concerns for the credit bureaus. If you are keeping track of your report then you can make sure that all information available in your credit report is correct. In case, if you spot an error, it can also be rectified on a timely basis. A soft inquiry is better than a hard inquiry When a lender makes an inquiry, it is known as a hard inquiry. It is a must for you to know every hard inquiry is being reflected in your report. So, avoid making a frequent hard inquiry and try to go with an option of soft inquiry to keep track of your credit score. www.indialends.com
Get better rates and pre-approved offers If you maintain the consistency of having a good credit score, then you become eligible to get the best rates loan offers or you can say pre-approved offers. for various credit products for different ranges of credit scores because of their tie-ups with various lenders. You can also compare the offers available in the market and pick the best one. Prevention is better than cure, so rather than improving the score when it becomes bad, go for a regular credit score check so that it can never become ‘bad’. Check your Credit Score & Report in just 1 minute - https://indialends.com/credit-application www.indialends.com
