Credit score( ) it's just a digital number but they more impact on your financial life.A credit score is an indicator of a borrowers ability to make credit payments on time. It is calculated after evaluating multiple information patterns such as your past credit report, loan payment history, current income level, etc.
Want to check what your creditscore is? Having a high score can benefit you in many different ways, rent an apartment, making it much easier for you to get a loan, and even lower your insurance rates. A good credit score is the way for low interest rates for mortgages, cars, insurance premiums, credit card offers, and more. We have credit repair services to help you improve your credit.
When you apply for a credit card or a loan, lenders like banks and non banking finance companies check your credit score to see whether you have the ability to repay the credit.
If you have a higher credit score, you are entitled to receive preferential pricing and get discounts on the interest rate.
A Cibil Score is generated by credit bureaus and is a three-digit numeric representation of an individuals creditworthiness, which is the likelihood of a person defaulting on a loan repayment or credit card dues.
Can Calculate your Credit Score for free (just a approximation of Credit Score will be provided not exact Credit Score will be provided here).
A credit report is a crucial element now days simply because there is a lot of risk involved in lending money, and banks are very cautious with it. Before lending money the bank needs to make sure that you don't have any unpaid bills or bad debts. So for that reason they check your credit ratings. Symbolically it's like a green signal that enables them to go ahead.
IN INDIA 79% OF THE LOANS APPROVED ARE FOR INDIVIDUALS WITH A SCORE GREATER THAN 750. Your CIBIL Transunion Score and Credit Information Report (CIR) is an evidence of your credit worthiness. CIBIL Transunion Score ranges between 300 and 900. All lenders check your Credit Score before approving your loan application.
A Cibil Score is important in the loan approval process because it is the first piece of information that a lender refers to, when evaluating an application.Using this filter, it is typically believed that a higher score increases the chances of loan approval, other factors being in place.
What is a credit score?
A credit score is an indicator of a borrowers ability to make credit payments on time. It is calculated after evaluating multiple information patterns such as your past credit report, loan payment history, current income level, etc. A higher credit scores increases your chances of getting a low interest loan from a financial institution.
** This app only acts as an interface. All information displayed is loaded from other websites.
** Neither developer of this app nor software has any association with Any Bank.
** This app does not store any information provided by the user like username/password, etc..
** This app is not an official Credit Score.