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Is your Credit Score >750?
Get answers to commonly asked questions related to credit bureaus
What is the best CIBIL™ score?
In India, the best CIBIL™ score to have is one that is 750 or above. Lenders generally look for a minimum score of 750 when reviewing a loan application. The higher your score, the better your chance of your loan/credit card application being approved.
Apart from CIBIL™, does any other company issue credit scores?
There are three credit rating agencies (or credit bureaus) that operate in India – CIBIL™, Equifax and Experian. They issue a three-digit credit score to individuals that is between 300 and 900. This score gives potential lenders a snapshot of the customer’s credit health.
The credit scores issued by all three rating agencies are equally valid, though the credit score issued by CIBIL™ is the most widely used by lenders.
What is a good credit score?
When you have a high credit score of 750 or above, banks feel assured that you have a good repayment history and are a low-risk customer. It is much easier to qualify for loans with such a score.
If your credit score is below 750, banks are unsure about your ability to fulfill your repayment obligations and are unwilling to lend to you.
What is an excellent credit score?
Any score above 800 is an excellent credit score and ensures quick and easy access to credit. Not only is approval easier, but lenders and are willing to offer you very attractive loan terms.
What are the advantages of credit score above 750?
A high credit score means that you will have faster access to credit and on much better terms.
1.Your loan/credit card application will be approved much more quickly. With a high score, the approval is completed in a matter of days, if not less.
2.The bank/credit card company will offer you lower rates of interest since they are confident that you will repay on time.
3.A good score might also result in a longer loan period.
4.A person with a high score might also be eligible for a much larger loan amount – again, since the banks are confident that it will be repaid on time and in full.
Whatever your credit score, it is possible to reach 750 in a matter of months. Professional credit management companies, like CreditMantri, can help you take steps to improve your score to 750 and above so that you become loan-eligible, and can avail of all the advantages of a high credit score.
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 CIBIL™ Score is an indicator of an individual’s credit worthiness. It impacts the individual’s ability to borrow
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,
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