CreditMantri Finserve Private Limited
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Is your Credit Score >750?
Let us understand the difference between a credit report and a credit score.
What is the credit score?
The credit score is a three-digit numeric synopsis of an individual’s credit history and a reflection of his/her financial discipline with respect to debt repayment. The credit score is in the range between 300 - 900. A score above 750 is considered a good credit score with the maximum credit score being 900, increasing the chances of a borrower’s loan or credit card application is easily approved.
The credit score is obtained by evaluating the past credit information which forms part of the comprehensive Credit Information Report or CIBIL™ Report or Credit Report. This score is a summary of the overall credit report, which reflects the creditworthiness of the borrower and indicates the financial capability of the borrower in making timely potential debt repayments.
What is a CIBIL™ (Credit) Report?The credit report is a very important report considered by lenders for evaluating a potential borrower’s creditworthiness and financial capability based on his/her credit history towards all types of debt repayment. It does not include particulars relating to the individual’s savings, investments or fixed deposit accounts.
The credit report is a comprehensive report of the borrower’s existing and past debt repayment patterns and includes personal particulars and debt history. The CIBIL™ score forms part of this credit report which helps lenders in evaluating the creditworthiness of a borrower before granting them any type of loan. It also helps individuals in assessing their credit score and work towards improving low credit scores for getting potential loans approved easily by lenders.
The credit report helps lenders in providing transparent and accurate credit information about a borrower, which helps them make sound lending decisions and reduce the risk of potential loan default.TransUnion CIBIL (CIBIL™ ) is one of the four leading credit bureaus in India, others being Experian, CRIF High Mark and Equifax, authorised to collect individual credit data and furnish a credit information report and credit score for evaluating the credit history and financial reputation of such borrower.
A CIBIL™ score is a three digit number between 300 and 900 that gives potential lenders a quick idea of your loan
Credit repair involves rebuilding your credit health to a level where you become eligible for loans.
A credit report is a history of your credit behaviour and contains detailed information on all your loan and credit
A credit rating - also known as a credit score - is a 3 digit number between 300-900 that gives potential lenders
A bad credit score is generally one that is less than 650. A credit score is a three digit number in the range of 300-900
Yes. In fact, a credit score of 850 is very good! Most lenders look for a minimum credit score of 750 to approve loans
There are several ways in which you can improve your credit score. Depending on how good or bad your score is,
Is 800 a good credit score? Yes. In fact, a credit score of 800 is very good! Only a small percentage of people reach,
Is it possible to obtain a free credit check or credit report? The answer is yes and no!
Your CIBIL™ Score plays an important role in getting loans and credit cards sanctioned, because it gives lenders
It is not possible for anyone, either lenders or borrowers, to get a CIBIL™ score or credit report for free.
It is important to know that there is no such thing as a CIBIL™ defaulter list. There used to be a defaulter list earlier,
There is really no number that can be established as the average credit score in India. Many people see regular
You can repair your credit absolutely free if you do it yourself! However, many people choose to get professional help
First, it is important to note that there is no ‘Defaulters List’ that is maintained or circulated by CIBIL™ or any of the other
Sourav and Ankit are watching the New York Marathon on TV and decide that they want to run a marathon.
In India, the best credit score to have is one that is 750 or above. The three credit rating agencies that operate in India
Is a credit score of 700 good? While it is not a very bad score, it is not good enough to automatically qualify
It is difficult to get a loan with a credit score of 650. Most banks look for a minimum score of 750 when deciding
It is not likely that you will get a loan with a credit score of 600. Most banks look for a minimum score of 750
It is difficult to get a loan with a credit score of 550. Most banks look for a minimum score of 750 when deciding
A poor CIBIL™ score can increase your financial problems and make it difficult to access credit, whether as a loan or credit.
One common worry that runs through your mind after you have made a credit card settlement is,
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application