What is the CIBIL score?
How to check your CIBIL score: A CIBIL score is a three-digit number that represents your creditworthiness. It ranges from 300 to 900 and is obtained by measuring your payment history and other credit details maintained by CIBIL. Generally, any score above 700 is considered excellent. And, that’s what you should aim for. A high CIBIL score indicates how responsible and disciplined you are as a borrower. Lenders are always ready to lend money to such customers. With a 700+ CIBIL score, you can easily qualify for loans and credit cards. You will also be eligible for the best credit card deals and loan terms. You may also have the power to negotiate lower interest rates on the loan.
How to check your CIBIL score
How to check your CIBIL score?
Below are some simple steps to get your CIBIL report:
Step 1: Go to the CIBIL website.
Step 2: On the home page, you will have to provide the necessary information like name, number, email address, and PAN details.
Step 3: Fill in all the questions correctly regarding your credit card and loan based on which your CIBIL score will be calculated. A full credit report will be generated afterward. There are some key steps to be taken to check your CIBIL score-
Step 4: Different paid subscriptions will be suggested to you if you want more than one report in a year.
Step 5: If you want to go for a paid membership, you need to authenticate yourself. You will receive an email to your registered account. Click on the link and enter the one-time password provided in the email.
Step 6: You may have to change the password again. Once you log in, all your personal details will be auto-populated. Enter your contact number and click Submit.
Step 7: After submission, you will get your CIBIL score along with the credit report. Make sure you don’t just check your score. Review and monitor all the information in your reports. If any error is found, then get it corrected.
How to Maintain a good CIBIL score?
Here are some tips to maintain a good CIBIL score:
- Pay your credit card dues and loan EMIs on time Do not apply for multiple credit cards and loans at the same time Review your credit report regularly.
- If you come across any incorrect information, get it corrected Keep your credit utilization ratio within 30-40% across all credit cards Build a strong and long credit history.