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What is a credit score and how important it is?

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A credit score is a single number that is evaluated after summing up the information in your credit history – the higher scores indicate a lower risk.

The most commonly used credit score is that of CIBIL, but there are others as well such as Equifax and Experian. Also, in addition to this the individual issuers and lenders also calculate an internal credit application score that takes into account the credit bureau score.Most credit scores consider a few main factors:payment history (how many late payments, etc.), amounts outstanding (your credit card balances, size of mortgage, etc.),length of credit history (how long your various credit lines have been open),recent credit inquiries / activity, and kinds of credit used (credit card, student loan, auto loan, mortgage, etc.).Generally credit scores below 650 are considered ""sub-prime"", and scores above 750 are considered good..


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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.