Where can I check my credit score for free?
You can check your credit score for free with New Delhi Financial. All you have to do is to provide your PAN or a proof of identity along with your contact number. We assure you that your details will not be stored by us. We will use the information to only verify your details from the database and obtain the credit score.
Do I need a PAN to check my credit score?
Yes, you need a PAN to check the credit score.
Why do I need to provide a phone number to check my credit score?
A phone number will help to identify your details in the databas
e. When you enter the phone number, the credit information agency fetches data for all the credit facilities availed with that contact number on record
What factors can adversely affect the credit score?
There are many factors that can lower your credit score. Here are some of them:
· Failure to fix errors arising in the credit report.
Delaying or missing credit facility payments, which indicates to future borrowers that you are a high-risk customer.
Filing for bankruptcy.
Failure to fix errors arising in the credit report.
If you have high credit utilization, that’s a higher risk associated with your profile as a borrower.
Multiple hard copy credit score inquiries can indicate to future creditors that you are seeking multiple loans.
Will a self-inquiry affect my credit score?
As long as you are simply checking the information online, then your credit score will not be adversely affected. Multiple hard copy credit score inquiries can indicate to future creditors that you are taking multiple loans and that lowers your credit score.
Is there a limit to the number of times I can check my credit score?
No, you can get access to your credit report online as many times as you require. However, a change in the score can take several months, so checking too often may not help.
What brings a change in the credit score?
Your credit score can be impacted, positively as well as negatively. When you show discipline in repaying existing loans as per scheduled dates over a sustained period, your credit score will improve. However, as discussed above, (point 4), the score may also decline.
If I own multiple credit cards, will my credit score be affected by it?
It is not the number of cards that will influence your score. The credit score will be negatively impacted if -
You have a high outstanding (close to assigned credit limit) on the credit cards
If you have delayed the monthly payments.
Of if you are only paying the minimum amount due month after mont
Why would a bank want to check my credit score?
A bank or financial institution will check your credit score if you have applied for a credit facility from them; the idea is to assess the risk of lending to you.
Are my CIBIL score and credit information report the same thing?
The credit score is a single mathematical figure derived basis information in your credit information report. In other words, the credit score is the summary, and the credit information report is a listing of all the factors that influenced your score.
What details are available in my credit report?
Your credit report includes details about you such as your name, address, contact number, PAN, credit history, current credit facilities, and the repayment pattern.
Is it possible for any information to be removed from my credit report?
No, as long as all the information in your credit report is correct, nothing that can be removed from it. This ensures that the data relating to an individual’s credit history and creditworthiness is unbiased. However, if you ever notice any mistakes in your credit report, you can get it corrected by contacting the concerned credit bureau.
Who can access my credit report?
An individual or company credit report can be accessed by RBI-recognized financial institutions, banks, and the government.