Credit score is a number that ranges between 300 and 900, which gives you a analysis of your credit history. This 3-digit number defines how timely you payback borrowed money from banks and lenders. A good credit score lies between 750 to 900. The closer your credit score is to 900, the better chances you have of getting quicker approvals on credit cards and loans.At creditKaro you can check free credit score in india.
Better Chances Of Getting Approval For Loan Or Credit Cards –
If you have a low credit score, you will always be skeptical about applying for a loan or a new credit card. Lenders consider your credit score as a deciding factor while going through your loan or credit card request application.
Get Approval On Loan And Credit Cards For Higher Limits –
When you have a good credit score, it increases your credibility on papers, therefore, banks and financial institutions would be comfortable with lending you higher amounts. You have showed a clean history in your credit report which means you have the capability and intentions of paying back your loan on time.
Lower interest rates –
If you have a good credit score, you will always be offered the best interest rates in the market on your credit card and loan payments. Other financial charges will also be low which will eventually help you to pay off your loan faster.
More negotiating power-
When you have a good credit score, you get the leverage of negotiating with banks and lending institutions on interest rates while applying for a loan or a new credit card. Banks can agree to your bargain on interest rates because they are assured that you are a suitable customer for them.
Get pre- approvals on Loans –
You can get loans with pre- approvals from lending institutions as a good credit score projects that you are good with repayments and will return the amount on time.
Higher credit card limit –
Banks are more than willing to offer you a higher credit limit when you have a good credit score, so while you build a good credit history you are also working towards increasing your credit limit on your existing credit cards or any new ones..
Discounts on processing fee and miscellaneous charges-
You can get good discounts on miscellaneous charges and processing fees on loans.
Extended tenure –
If you have a good credit score, banks and lending institutions are willing to offer a longer tenure on loan repayments.
Your payment history is a prime factor that affects your credit score. Your payment history decides how diligent you are with payments.
Having a lengthy credit history is good because it assures the lender that you have taken loan in the past and paid back in time.
This refers to the percentage of available credit that you may use on a regular basis. This is also one of the major factors that can differentiate a good report from a bad one.
Opting for a wide variety of debt products shows that you have capability of handling different types of credit. If you have a mix of revolving credit, then you are less of a risk to lending institutions.
Your payment history is a prime factor that affects your credit score. Your payment history decides how diligent you are with payments.
Having a lengthy credit history is good because it assures the lender that you have taken loan in the past and paid back in time.
This refers to the percentage of available credit that you may use on a regular basis. This is also one of the major factors that can differentiate a good report from a bad one.
Opting for a wide variety of debt products shows that you have capability of handling different types of credit. If you have a mix of revolving credit, then you are less of a risk to lending institutions.
Opting for a wide variety of debt products shows that you have capability of handling different types of credit. If you have a mix of revolving credit, then you are less of a risk to lending institutions.
Opting for a wide variety of debt products shows that you have capability of handling different types of credit. If you have a mix of revolving credit, then you are less of a risk to lending institutions.
Opting for a wide variety of debt products shows that you have capability of handling different types of credit. If you have a mix of revolving credit, then you are less of a risk to lending institutions.
Opting for a wide variety of debt products shows that you have capability of handling different types of credit. If you have a mix of revolving credit, then you are less of a risk to lending institutions.
Step 1
Log on to www.creditKaro.com
Step 2
Locate the “Check your credit score” tab
Step 3
Click on the tab and fill necessary details and click on “check”.
Step 4
Check your new dashborad.
