Finance

Myths to be Busted around a Credit Score

Do you remember when you checked your credit score free for the first time? You must be delighted of being getting into the credit world. And while checking the same everyone wants his score to be high.

But uncertainty can arrive at any time, especially a financial crunch would have been unavoidable. And, if that happens, all you need is the support of a credit card or a loan and that can only be given if you have a good three-digit numeric summary.

Thus, it is advisable that one should keep an eye on his score regularly so as to ascertain that he/she is in a good credit health. So, if you are someone who wants to know what a good credit score is all about, below we have all the answers to the questions you are likely to have in your mind.

Credit Score Range

Talking about the range, it usually ranges between 300 to 900 as most of the bureaus provide the same. However, one thing that needs to be mentioned here is the fact that generally a score of 700 or above out of 900 is considered to be good enough in grabbing the best deal. Well, one of the prime reasons for a dip in a score is the default in payments be it for a loan or credit card.  

Good v/s Bad Score

When it comes to a good score, there is no denying the fact that most of the lenders consider a score of 700 or above fair enough.

However, anything closer to 900 is considered to be good that ultimately helps you in enjoying a loan/credit journey. If you want your numeric summary to be in a good position, all you need to do is

  • Always Pay Your Dues on Time
  • Avoid Checking Your Score Regularly
  • Do Not Send Multiple Loan/Credit Card Enquiries

Well, these are some of the practices that help in keeping your score up for the rainy days. If an individual follows the same, it is not a hassle for him/her to have a smooth journey ahead. Now that you know the insights of the same, it’s better that you should also be aware of the best ways to check your score when in need.

Via PAN Card

You need to have your Permanent Account Number with you in order to know your three-digit summary. Wanna know the steps, read the article below:

Step 1: Go to CIBIL score page

Step 2: Enter your Name as per PAN Card

Step 3: Mention correct Date of Birth

Step 4: Select Gender

Step 5: Provide PAN Card number

Step 6: Enter contact details such as email address, residence address and mobile number

Step 7: Agree to the terms and condition

Step 8: Click on submit button

Via WhatsApp

Be a part of India’s first ever process to check your credit score on WhatsApp. In just a few simple and quick steps, you can know your score without any hassle.

Step 1: Give a missed call to +91-8287151151

Step 2: Mobile Number will be added to WhatsApp Chat

Step 3: Mention your Name, Date of Birth & Gender

Step 4: Enter your PAN Number

Step 5: Provide your complete residence address

Step 6: Enter your Email ID

Jaspreet is a blogger who loves to write about anything that is related to Beauty, Fashion, Business, Travel and Lifestyle Blogger by passion.

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