23-Feb-2019 written by : FSI-Team
Awareness about credit rating, the calculation process and its importance is still low in India, however now it is catching up. People are beginning to understand why it is important to be credit healthy and what can be done to improve one’s credit health. Thus it is very important that you look at your credit report from time to time and also understand it so that you are able to figure out what makes your credit score good or bad. Below we discuss simple ways that can help you in understanding your credit report better.
Now you can get a free CIBIL report or a report from any other credit bureau once a year without the need to pay anything. This means that now you can avail four reports in a year without any cost. This means that now being credit healthy just got easier. However what would you do with a credit report if you cannot understand what it means? Answers to the questions below will help you in getting a better understanding of your report:
What do various terms in my credit report mean? Understanding various terms that are part of your credit report can also help you in comprehending your report better. A few terms are explained here: