How can I check my credit history?

How can I check my credit history?

What is the process to check credit history?

How can I check my credit history?

To check your credit history, you should obtain a copy of your Credit Report. For this, you need apply to one of the three rating agencies in India - CIBIL, Equifax or Experian. Your Credit Report contains details of all your loan-related transactions with the formal banking system. It has records of every loan/credit account you have and has detailed information regarding your entire payment history. Your credit score is calculated on the basis of your financial track record as noted in your Credit Report.

What is the process to check credit history?

You can get a good idea of your credit history by reviewing your Credit Report. These are the following steps you need to undertake to get a copy of your Report:

1.Get on to the CIBIL website and apply online for a copy of your Credit Report.
2.Furnish the required documentation– one ID proof and one address proof.
3.Scan and upload these documents.
4.Make the payment online.
5.Receive your Credit Report by email within a day, if the documentation is verified and payment received.

Alternatively, if you do not have the time to undertake the above, CreditMantri can get you a free credit report and provide you with a free credit health check. This service will help you learn what is contained in your report and let you know what your areas of your credit strength and weakness are.

What is the process to check credit history?

Once you receive your report, you will know what your credit score is. This will give you a good idea if you are eligible for loans or not.
A credit score below 750 means that you do not have a strong credit history and will find it difficult to get approved for loans. You will need to improve your score in case you intend to approach the financial system for credit in the future.
If your score is above 750, then you are well-placed to be approved for loans and will receive better terms when your application is being processed. It is crucial to make sure that your credit score is above 750 before you apply for a loan or you run the risk of having your loan rejected and your score dropping further.
You also need to check credit history to ensure that there is no wrong information listed on your credit report. Sometimes, due to administrative errors or even fraud, some credit details can be wrongly entered. It is useful to go through your history in detail contained in your report to make sure that you rectify any errors immediately.

CreditMantri can help you understand your credit situation and guide you on how to reach the optimum score to ensure loan approval.

Comments (0)
Check your Free Credit Score Online

As part of our efforts to make the end consumer services affordable and available at price points which are favourable to the customer, CreditMantri may receive fees / commissions from lenders.

CreditMantri ™ is a registered trademark of CreditMantri Finserve Private Limited. All Rights Reserved. Product name, logo, brands, and other trademarks featured or referred to within Credit Mantri are the property of their respective trademark holders.

CreditMantri was created to help you take charge of your credit health and help you make better borrowing decisions. We support customers with every kind of credit profile - those who are new to credit and have a minimal or nonexistent record; those who have a problematic history; and those who already enjoy a healthy profile. If you are looking for credit, we will make sure you find it, and ensure that it is the best possible match for you. How do we help you? We enable you to obtain your credit score instantly, in real time. We get your Credit Score online and provide a free Credit Health Analysis of your CIBIL or Equifax report. Based on the analysis, we help you discover loans and credit cards best suited for your credit profile. We help you understand your Credit Information Report (CIR) and offer practical and personalized recommendations, tailored to help you improve your score and become loan-eligible. We are a one-stop shop for all your credit needs. We make it easy for you to browse through and compare the various financial products on offer on the market; access our free and user-friendly online tools; and finally, enjoy a stress-free application process with quick approvals. We ensure that you have a high probability of being approved for the loan or credit card you apply for as we only suggest products pre-matched to your profile. We help you avoid loan rejection by carefully determining your eligibility and matching you with the right lender/product. We achieve this with a cutting edge combination of data science, technology and credit management that ensures that both lenders and borrowers have a transparent common platform to make their decisions. We treat your data with the utmost confidentiality and will never share or sell it to anyone. That is our CreditMantri guarantee. Our dedicated and best-in-class customer service will go the extra mile (or two) to support you on every step of your credit journey. Our 4,20,000 happy customers are our best testimonial.

CreditMantri is India’s No. 1 site for Credit Analysis and Free Credit Score Online. Let us help you take control of your credit goals and unlock the door to your financial freedom.