CHECK YOUR FREE CREDIT SCORE

Credit Score

Your 3 digit credit score can lead you to a bright financial future. A high credit score helps in availing credit at a lower rate of interest. It also reflects the credit health of an individual.

3 Tips to Get Your Personal Loan Approved

Check detailed history and evolution of Credit Scores

05-Dec-2018 written by : FSI-Team

The statistical value that gets assigned to an individual by the credit bureaus is mystifying. How did this came into existence and who decided to assign a score that would be deciding factor on a loan application? Every borrower must have had similar questions crossing the mind as and when the request for a credit facility that would have been applied for with a lending institution.

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3 Tips to Get Your Personal Loan Approved

Don't have a credit score? Why you must build it?

24-Nov-2018 written by : FSI-Team

You must have read so many articles saying why loans have made life easier? How to get loans at a better interest rate? How can one apply for a loan and not get rejected? How are credit score and credit report related to loans? What is the credit score or credit report? All this question lead to a catch 22 situation. A credit score is established when any of the credits are taken. Credit here had both, credit cards and loans than one may have applied for. But, a person can get a credit only when they have a credit score! So it’s a little complicated here!

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Secrets about credit report

Secrets about credit report no one will tell you

21-Nov-2018 written by : FSI-Team

If you are a financially conscientious individual, you already know by now that your credit score is a important three digit numeric that is regarded as a barometer of your financial health. The details of your credit score feature in your credit report. This is a document that a credit bureau like CIBIL compiles on the basis of how you handle your credit.

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Can we build a good credit score

Can we build a good credit score with quick loans

17-Nov-2018 written by : FSI-Team

Are you in the situation where you see yourself trapped in this credit score Tornado. Let’s take an example that you own two credit cards and for some reasons you have default your payment. This has hampered your credit score. Now you are in need of a new personal loan due to family emergency. You apply for a quick personal loan and loan gets denied. The bank gives you the reason that your credit score is low for a loan sanction. Now what would you do in such a case. You tackle this situation by lending money from your family and friends and get over it.

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7 Things That Can Help You Improve Your CIBIL Score

7 Things That Can Help You Improve Your CIBIL Score

31-Oct-2018 written by : FSI-Team

Did you recently check your CIBIL score and found out it's not as good as you thought it was? If you answer is "yes", then you needn't worry. There are a lot of people who get a poor score due to lack of awareness or bad financial habits. However, that doesn’t mean that the damage can't be reversed. In fact, not only it's possible to improve your CIBIL score easily, but it's also something you can do yourself.

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Ability to Repay Loans with Credit Report

How Lenders Check Your Ability to Repay Loans with Credit Report

20-Oct-2018 written by : FSI-Team

If you are looking for a personal loan or home loan, then it’s important to check your credit report first. This is because no matter which bank you go to, they will review your report before deciding what to do with your loan application. In fact, it’s a standard practice for the banks to check the credit history of loan applicants to measure the risk factor.

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Applying for free credit reports

What you should know before applying for free credit reports

12-Oct-2018 written by : FSI-Team

A credit report is a report which has the information of an individual's credit information in detail. Credit score, all the credits that have been taken till date, the payments that have been made, accounts that have been closed, pending, ongoing, defaults, late payments, in short, all that has been from the day credit was issued till date including the hard inquiries.

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3 Tips to Get Your Personal Loan Approved

A High Credit Score is a reflection of smart financial practices

05-Oct-2018 written by : FSI-Team

Pankaj Parmar, a midlevel manager with a MNC applied for a personal loan. He got a shock when the loan application was declined. His new application with another bank also met the same fate. This got him to find out the reasons since he had the repayment capacity. He approached Naim Khan, his friend who works with a leading bank to get some help on this.

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Credit Score Goals

How to Plan Your Credit Score Goals

22-Sep-2018 written by : FSI-Team

Having a high credit score is a must if you want easy loans and low interest rates. However, if yours isn’t up to the mark, then you can take various steps to give it a boost. In this blog, you will learn how to create a 12-month comprehensive plan for increasing your credit score. We will divide the plan in four parts:

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Maintain a Positive Credit History

4 Tips to Create and Maintain a Positive Credit History

15-Sep-2018 written by : FSI-Team

Was your loan application rejected recently because of low credit score? If your answer is "yes", then you are not the only one. In fact, poor credit score is one of the most common reasons behind loan rejections and harsh repayment terms (in case an application gets approved).

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How long does it take to get a 750

How long does it take to get a 750

22-Aug-2018 written by : FSI-Team

What is the 750 score? The credit score is determined by Payment History, Amount Owed, Length Of Credit History, Types of Credits and New Credit and is a number anywhere between 300-900. 300 is considered the lowest and 900 is highest. A score which is 750 or plus is considered the good score. A score between 650 - 750 is average and any score below 650 is considered bad. Now, the question may arise is: what is the significance of this score? What a good, average or bad credit score indicates?

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CIBIL score

How to cancel a credit card without crushing your CIBIL score

18-Aug-2018 written by : FSI-Team

Many a times people get carried away by the attractive deals offered by the credit card agents and apply for the card. But later they realize that it is difficult to manage so many cards. Keeping track of monthly statements, due dates and making the payments on time becomes an overwhelming task.

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Checked your Credit score?

When was the Last Time you Checked your Credit score?

16-Aug-2018 written by : FSI-Team

Just like getting a periodical medical health check up is necessary, similarly a periodic check for your credit heath is also required. When it comes to health issues, prevention is better that cure and being preemptive can help you stay away from diseases.

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Credit Score?

Why credit score is much more than just getting a loan

03-Aug-2018 written by : FSI-Team

When do we talk about credit score or even care for it? We know, only when we need a financial product. We do not care about it until we are in desperate need of a financial product. Is it that less important in our lives? Have you ever considered who all have access to your credit score and what can a bad cibil score do to your living?

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Credit Score?

Secrets of Maintaining an 800 Credit Score

28-Jul-2018 written by : FSI-Team

If you have a score of 800 then you definitely are a very meticulous and responsible borrower or you have a secret that needs to be shared. A healthy score opens many gates, getting a loan application approved is just one such opportunity. So it's important that everyone pays attention to their credit heath and they try and stay remain credit healthy. Scoring is done from 300 to 900, a score above 700 is considered to be a healthy, so obviously a score above 800 is something to be proud of. So what is the secret to a credit score of 800?

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Credit Score?

Is Credit Score the only thing used by lenders for Loan Approval?

25-Jul-2018 written by : FSI-Team

In the past few years there has been a lot emphasis on credit score and its importance in getting a loan application approval. A bad score could lead to the loan application being rejected right at the initial level. However does a good score guarantee the loan application being accepted? Obviously no, as creditworthiness is only one of the aspects that lenders consider when approving a loan application. Though a bad score could mean that the loan application does not go beyond the first stage a good score is not a guarantee for getting the loan application approved.

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Credit Score?

How will your credit card age help credit score?

18-Jul-2018 written by : FSI-Team

Building a good credit score requires a lot of time and patience. It doesn’t happen overnight. One needs to take care of all the factors that affect the score and work towards ensuring that they positively affect the calculation. Since payment history and credit utilization ratio together affect 65% of the score, one needs to establish a pattern of regular on time payments and keep low utilization levels on credit cards to ensure a good score. Apart from these two main factors, does the age of credit cards determine the score too?

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Add this to your to-do List

Credit Check. Add this to your to-do List

11-Jul-2018 written by : FSI-Team

It's important for everyone to know what is their credit worthiness. What is credit worthiness? How much responsible one person is for the credits he has taken. Credits are not just the loans one has taken but also the the use of credit cards one does. Credit worthiness is checked with all what one takes from banks which they do not currently owe. And need to pay later to the banks or the NBFCs.

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Improve Your Credit Score

Discovering new ways to improve your credit score

06-Jul-2018 written by : FSI-Team

Believe it or not, a credit score plays an important role in your life when it comes to shopping for financial products. When it comes to credit score, sometimes it is hard to understand how the rating works and how do the banks determine if they can provide you a loan. When you apply for a loan, you think the only thing which matter for getting your loan sanctioned is your incomes and gains towards the loan amount you are applying for. This is absolutely not the case! A good credit report can help you get your loan sanctioned in no time.

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Credit Score Disappears?

Check your credit score after the holiday season to avoid surprises

23-Jun-2018 written by : FSI-Team

With the ongoing summer vacations on full swing, it is possible that you have taken off to a cooler place for some respite from the dreadful summer heat. In your relaxed frame of mind, it possible that you are off guard and have incurred a few extra expenses on your credit card that are beyond your vacation budget.

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Credit Score Disappears?

What to do when credit score disappears?

20-Jun-2018 written by : FSI-Team

Your credit score is considered a barometer of your financial health. Whenever you need a fresh line of credit, a prospective lender checks your score to assess your creditworthiness. If your score is satisfactory (750 and above out of 900) you are usually deemed worthy as a borrower.

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Improve Your Credit Score

Simple Routine Activities That Improve Your Credit Score

13-Jun-2018 written by : FSI-Team

When people find out that their credit score is poor, they often freak out. However, they can't be blamed really because there are a lot of misconceptions about credit such as you can’t improve it once the damage is done, or that it's really challenging, etc. The thing is- none of this is true.

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My Credit Score Does Not Make Any Sense

Things youngsters should know before building credit score correctly

06-Jun-2018 written by : FSI-Team

As a youngster, one has several things on the top of one's mind- classes, lectures, social life, job search, and other responsibilities. While juggling between all this, building a credit history may be the last thing on one's mind. You may have heard it from your parents that one needs a good credit score in order to get approved for loans and credit cards. In fact a good score is needed to unlock a number of financial opportunities in life.

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My Credit Score Does Not Make Any Sense

Now That I Got My Free Credit Report, What's next?

26-May-2018 written by : FSI-Team

After 15 years of credit bureau getting established in India, the awareness on importance of credit score has started growing steadily. While there is still a lot more ground to be covered, but, at least the general population in larger cities are becoming savvy on this important aspect of financial life. Increased efforts from various entities including the credit bureaus through awareness campaigns and advertisements more and more people are reaching out to obtain their reports from the bureau.

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My Credit Score Does Not Make Any Sense

A Credit Report Is Your Encyclopaedia to an Enhanced Credit Score

11-May-2018 written by : FSI-Team

Have you ever applied for a personal loan or home loan? Do you know how your credit report looks like today? If your answer to these questions is "no", then it's really important that you learn about credit score and the kind of impact it can have on your life, but first things first:

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My Credit Score Does Not Make Any Sense

Biggest Myth: My Credit Score Does Not Make Any Sense

02-May-2018 written by : FSI-Team

Did you recently apply for a loan and the file got rejected because of low credit score? Don't worry you are not alone. On a daily basis, there are a lot of loans and financial products getting rejected because of this very reason. Have you ever thought of pulling the credit report and see what went wrong in it?

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Free Credit Score: Is There a Catch?

Free Credit Score: Is There a Catch?

18-Apr-2018 written by : FSI-Team

The young professionals of today's era are becoming smart about their creditworthiness. They understand that in order to get a loan easily and that too at an affordable interest; they must have a high credit score.

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Wrecking Your Own Credit

4 Ways You Could Be Wrecking Your Own Credit

06-Apr-2018 written by : FSI-Team

Mr. Singh was a successful businessman who owned a premium furniture store. He was making a huge profit and was sure to use it well. He would frequently shop online for all kinds of things from clothing to electronics, and often dine out with family and friends, etc. thanks to his credit cards. However, at one point he felt the need to buy a new home and decided to apply for a loan at his bank.

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Does the Free Credit Report Make Sense?

Does the Free Credit Report Make Sense?

31-Mar-2018 written by : FSI-Team

Gone are the days when you had to pay for a credit report. Thanks to the Reserve Bank of India, now you can get one free credit report every year from all the credit rating agencies in India including CIBIL, Equifax, etc.

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I Haven't Checked My Credit Score

I Haven't Checked My Credit Score. Am I Alone?

28-Mar-2018 written by : FSI-Team

As an individual we take care of a lot of things happening in our life. Factors like health, financial well being is considered at high priority. But have you ever gave a thought, is that it? Am I taking care of everything in my life, absolutely not! There are a lot of things which happen passively which add up to your life on a daily basis and we have no clue about it.

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10 Big Reasons to Check Your Credit Score

10 Big Reasons to Check Your Credit Score

17-Mar-2018 written by : FSI-Team

Do you know exactly how important your credit score is in your life? Although on the surface it’s the score of your creditworthiness, in reality, it’s much more than that.

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My Real Credit Score?

Which Credit Score Is My Real Credit Score?

09-Mar-2018 written by : FSI-Team

There is a lot of buzz about the credit scores today. So many advertisements in various mediums are promoting people to check for their scores. "Want to apply for a loan? Check your credit score for free"; "Do you know the interest rates are based on your score.

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Repair Credit Score

Is It Possible To Repair Credit Score For Free?

24-Feb-2018 written by : FSI-Team

No one would want to shell out money for anything that possibly could be done by self. While there are a few things that one would definitely be able to accomplish on his own, the others may be difficult to achieve in case an expert is not engaged. Let us review if it is possible to repair credit scores without the help of a professional.

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You Should Check Your Credit Report

Here Are the Reasons Why You Should Check Your Credit Report

17-Feb-2018 written by : FSI-Team

With technology taking shape day by day, everything we know is going digital. You can access information on anything from the palm of your hand. Even with such ease, many of us do not check our credit report, unless we are planning a loan or a credit card any sooner.

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Instances When Perfect Credit Score Does Not Matter

Instances When Perfect Credit Score Does Not Matter

14-Feb-2018 written by : FSI-Team

Credit score, credit report, credit bureau: These are the 3 words you come across while you are applying or planning to apply for the loans. So in brief, let’s know few basics of credit score.

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Know the Danger of Not Checking Your Credit Report

Know the Danger of Not Checking Your Credit Report

07-Feb-2018 written by : FSI-Team

There are a lot of things which we plan to make life easy. Things like what kind of house should I buy? Which car will suit my personality and stature? These are complex plans which include a lot of planning. How about planning the monthly budget, how to cut luxury expenses during money tight months, etc.

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A Road Map To Great Credit Score

A Road Map To Great Credit Score

31-Jan-2018 written by : FSI-Team

We are at the beginning of a fresh year; this is the when we often make multiple resolutions regarding our physical health and mental wellbeing too! So this year make a resolution to better your credit health too! A good credit score opens many avenues for you, be it related to getting a loan or a new card application approved or getting a job in some cases. In current times one should not wait for the need to arise before you start focusing on your credit health; inculcating a few habits can help you get a great credit score. We have a road map for you that can help you get a better credit score.

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How can one help his credit score?

How can one help his credit score?

20-Jan-2018 written by : FSI-Team

A poor credit score can affect you in more ways than one. As a credit user, one needs to be aware of the fact that the lack of a good score will impact his chances of getting any line of credit, be it a loan or a credit card. He must do all he can to improve his score to improve his chances of getting timely access to any credit that he may need. Here are some tips to improve credit score and be credit ready:

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Credit Score that matters in taking a Loan

Numbers other than Credit Score that matters in taking a Loan

12-Jan-2018 written by : FSI-Team

For some time now a lot of emphasis has been given to credit scores and their utility for the borrower and the lender as well. It is well known now that credit scores can get loan applications accepted or rejected; thus this number is definitely important when we think about the borrowing process.

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Have you done your yearly credit check up?

Have you done your yearly credit check up?

10-Jan-2018 written by : FSI-Team

With the year 2017 nearly drawing to close, it is time to take stock of the year gone by. One of the most important questions to ask yourself is with regard to your finances. You need to check whether or not your financial health is in order. One yardstick of the condition of your finances is your credit score. At the end of the year it is therefore a good idea to ensure that your score is up to the mark.

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crucial to monitor your credit

Back-To-School Tips for Good Credit

03-Jan-2018 written by : FSI-Team

"There is no age for learning" the famous saying is so true. It not only holds good in all times and for all kinds of knowledge that one acquires, either on something new or even on what one would have been practicing for years.

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crucial to monitor your credit

Four times when it is crucial to monitor your credit

23-Dec-2017 written by : FSI-Team

In the modern day world when credit is omnipresent, you may walk away with the feeling that credit is easily available. However, this is a statement that is true only for credit users who have a stellar credit record. Like it or not, your three digit CIBIL score is your ticket to easy availability of credit. It is therefore of utmost importance to keep constant vigil over your CIBIL score.

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Credit Report Before Approving Loans

Things Lenders Check in Your Credit Report Before Approving Loans

20-Dec-2017 written by : FSI-Team

Believe it or not, your credit report is as important as your high school report, at least in the context of personal finance.

The majority of banks and NBFCs carefully review every loan applicant's credit score. Only after a report checks off every box in their list, they go forward to approving the loan that’s been requested.

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Myths About Credit Scores and Insurance

Myths About Credit Scores and Insurance

01-Dec-2017 written by : FSI-Team

Buying insurance is an important aspect of financial planning and is a decision that must be taken after careful analysis and comparison. While insurance is something that an individual actively seeks to buy, credit history is something that is generated over the course of time due to the way an individual’s attitude towards debt and his treatment of his loans and credit cards.

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What Really Influences one's Credit Score?

What Really Influences one's Credit Score?

24-Nov-2017 written by : FSI-Team

Have you ever applied for a line of credit and got rejected? The lender gave you a reason why your credit line was declined; the reason was a low cibil score. What is a credit score? How do I even have a credit score if I have not applied for any loan in the past? What are these scores and how are they bifurcated? How do I get a credit report? These are the questions which arise if you are taking a credit and do not know what a credit score is. We will be solving this remedy for you.

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Credit Reports vs Credit Scores

Credit Reports vs. Credit Scores, What Are You Looking For?

08-Nov-2017 written by : FSI-Team

What is a credit score? Ever heard of it? What's in it for me? Is it really necessary to have one? I have not encountered a situation or need where a credit score will play a role. Why should I bother? This is the perception of maximum people who don't have any idea about cibil score and its importance.

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The Meaning behind Your Credit Score Range

The Meaning behind Your Credit Score Range, And Your Attitude

01-Nov-2017 written by : FSI-Team

What is a credit score? Ever heard of it? What's in it for me? Is it really necessary to have one? I have not encountered a situation or need where a credit score will play a role. Why should I bother? This is the perception of maximum people who don't have any idea about cibil score and its importance.

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A Higher Credit Score Can Save You Big Bucks!

4 Ways to Help Your Credit Score

11-Oct-2017 written by : FSI-Team

In an ideal world, the people who take loans would repay them in the right manner and within time. However, in the world we actually live in, people take personal loans, car loans, etc. and default, or use credit cards only to end up with a high accumulated debt which puts them under a tremendous financial strain. To limit such scenarios, the concept of credit score was introduced.

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A Higher Credit Score Can Save You Big Bucks!

A Higher Credit Score Can Save You Big Bucks! check how!!

29-Sep-2017 written by : FSI-Team

Saving big bucks is every one's dream. Each one of us, being part of the large middle class segment I can say that with a hand on my heart, tries to do little things that lead to savings.

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Your Credit Score Being Reckless

Debt-Free? Don't "Lose" Your Credit Score Being Reckless

27-Sep-2017 written by : FSI-Team

There are few feelings that come close to the one when you are completely-debt free. After repaying a loan little by little every month for many years, when you finally pay the last instalment, it's true something exhilarating.

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Based on Credit Scores?

Is Insurance Based on Credit Scores?

20-Sep-2017 written by : FSI-Team

The cost of products like insurance and loans is greatly affected by risks. This is because a person with a poor financial condition is more likely to default than a person who has a high income. Similarly, if a person has a history of making late payments then also they are more likely to default than others.

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Overcome Credit Stress

Top Mental Tricks to Overcome Credit Stress

16-Sep-2017 written by : FSI-Team

If it were 1950s, something like "credit stress" wouldn't even exist. However, times have changed a lot today. These days, almost every single person takes some form of debt or another in their lives, whether it's credit cards or personal loans, home loans or payday loans, etc. However, this has made credit stress an increasingly serious problem for those who don’t have a good credit history and want to apply for a new loan.

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GST increase

How credit card balances impact your credit score?

08-Sep-2017 written by : FSI-Team

In the modern world that we live in, it is impossible to imagine life without credit usage. Credit cards are indispensable in today's world. There is no disputing the convenience of such cards. You can use your card to buy anything from groceries to gadgets and reap rewards on your usage as well. In fact judicious use of credit cards can help you build a good credit score. On the other hand, if you are not careful with your cards and your outstanding balances exceed your repayment capabilities you may not only land up in a debt trap, but it may seriously jeopardise your CIBIL score.

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GST increase

Could GST increase your scores?

26-Aug-2017 written by : FSI-Team

The implementation of the Goods and Services Tax (GST) in India has been one of the most significant reforms that independent India has witnessed. Nearly two months down the line, GST repercussions are still being felt as corporate India reconciles to the new taxation regime. While the process to be GST compliant has been painstaking, especially for small businesses, the simplification of tax regime spells good news for the Indian economy in the long run.

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Credit Card

How does a Corporate Card affect Credit Scores?

19-Aug-2017 written by : FSI-Team

Corporate credit cards have become a very common business tool these days. The employee charges the approved work expenses to the card and the company takes the responsibility of paying the bills. This is especially convenient for employees who travel for business extensively.

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Personal Finance

How Have Credit Scores Changed in the Past 10 Years?

09-Aug-2017 written by : FSI-Team

The banking industry has evolved tremendously over the past decade. Banks and Non-Banking Financial Institutions are now largely focused on digital banking services and products and are actively incorporating new-age financial technologies in their current portfolio.

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Personal Finance

What's the Worst Credit Score One Can Get?

29-Jul-2017 written by : FSI-Team

Your credit score is important, and you probably already know this. But do you know how good your credit score is? Do you know what the maximum and minimum possible credit score is? It helps to learn about these simple things if you want to prevent a bad credit.

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Personal Finance

6 Ways to Jumpstart Your Credit Score

12-Jul-2017 written by : FSI-Team

Credit scores are becoming increasingly important in current times. The impact of credit history now goes beyond the sanctioning or rejection of a loan application. It can influence your job prospects and very soon maybe your insurance premium rates too! So the significance of trying to better your score cannot be overemphasized; if you have a good score maintaining it should be your priority.

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Personal Finance

Golden Rules for Personal Finance

30-Jun-2017 written by : FSI-Team

Money is not everything but you need money for almost everything. So, it's important to realize the significance of personal finance, preferably during your teenage itself. Different people live by different opinions and rules when it comes to finance management. However, there are few that are universal and highly emphasized by most finance experts. These are:

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free cibil report online

5 point guide for women to stay credit healthy

23-Jun-2017 written by : FSI-Team

Women in our society are today pushing the change. Today not only we increasingly find women taking up active full time jobs but also find them leading businesses of different lines, formats and scales. As more women become financially independent, they also are making a mark on the front of credit health. As per a recent analysis from Experian, one of the four credit bureaus in India, women have a better average credit score of 675 in comparison to men who have an average credit score of 670.

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free cibil report online

Acceptable Credit Score Range for Loan Approvals

17-Jun-2017 written by : FSI-Team

Anyone who is aware about how loans are sanctioned knows about the importance of the credit score in trying to get a loan approval. The credit scores in India range from 300 and 900 and a score above 750 is considered to be excellent. 79% of all loans that are disbursed are to applicants who have a CIBIL Score of 750 or above. CIBIL being the first credit rating agency for individuals has the first mover's advantage and is almost synonymous with credit rating in India.

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free cibil report online

Do You Know Your Credit Score Well?

09-Jun-2017 written by : FSI-Team

No one today can survive without taking a loan and our financial success to quite an extent, is also dependent on our ability to get loans at the time we need it. And to be able to have access to credit, one factor that plays an important role is the credit profile. This credit profile is the numeric expression and is credit score.

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free cibil report online

Increase Your Credit Score by 100 Points in a Month

20-Dec-2016 written by : FSI-Team

Building up a sturdy credit score is one of the most rewarding financial investments you could make. A good score makes you future ready for loans at any point in life. According to CIBIL, almost 80 percent of people with score of 750 points or above are always approved for loans.

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free cibil report online

CIBIL to provide 1 free CIBIL report a year - RBI Governor

15-Apr-2017 written by : FSI-Team

In an effort to promote good credit behaviour the Reserve Bank of India has announced that individuals will get a free credit report every year. From 1st January 2017 every Credit Information Company is mandated to give a free credit report every year to individuals whose credit history is available. This report will be available in digital format. It will help them check their credit standing and motivate them to improve credit score. It will also help them verify whether the information in their report is free from errors.

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free cibil report online

4 Things That Low CIBIL Score Can Stop You from Doing

06-Apr-2017 written by : FSI-Team

No one wants a poor score. But if we have been careless with credit in the past or owing to hard times if we were not able to meet our financial commitments, it can completely spoil our score. Some people may not give much importance to having a poor credit score because they are not looking for credit in the near future. But a damaged credit profile can create more obstacles, some of which don’t even involve borrowing.

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free cibil report online

Why All This Hype On Credit Score?

21-Mar-2017 written by : FSI-Team

Of late credit scores have emerged as the single most influential factor that determines whether you qualify for credit or not. It wouldn't be wrong to say that credit scores shape the financial future of an individual. With good scores one can gain easy access to loans and borrowed funds. While with poor scores one can be barred from using a credit facility with a bank.

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free cibil report online

Learn to understand your credit report

07-Mar-2017 written by : FSI-Team

Any conscientious user of credit knows that one's credit score is of utmost importance in today's date. Without a high CIBIL score it is difficult to access any fresh line of credit. A good CIBIL score is therefore a prerequisite in today's world. Maintaining one's credit health not only entails making a continuous attempt at improving one's score, but also the regular credit checks. To keep a check on the credit report you must first know how to understand it. In this article, we therefore take you through the CIBIL report, to help you understand how it is to be read.

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free cibil report online

Is a free CIBIL score your gateway to loans?

28-Feb-2017 written by : FSI-Team

In the western nations, it has been a norm that every bureau provides each individual with one free credit report in a year. Although we imbibed the western concept of credit scoring and commenced with CIBIL in August 2000, but a free report was not provided to anyone until 2017. After RBI took cognisance of the importance of a free report, it mandated all four bureaus in India to give one free credit report from Jan 2017.

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free cibil report online

Is a free CIBIL score your gateway to loans?

21-Feb-2017 written by : FSI-Team

From January 1st 2017, any Indian citizen who has accessed credit or is servicing any line of credit currently, is entitled to at least one free CIBIL score and CIBIL report in a year. This is as per diktat mandated by the Reserve Bank of India, the central banking authority. Access to at least one CIBIL score for free is great news for all existing users of credit and can turn out to be a gateway for further loans. Read on to find out more about how you could become more "loan ready" with access to a free CIBIL report at least once annually.

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Your Credit Score Is Related To Your Happiness

07-Feb-2017 written by : FSI-Team

"What is it that one thing which makes you really happy?" asked the interviewer in his soft tone, gently smiling at Gaurav. "Money", silently thought Gaurav. Ofcourse he wouldn’t say it loudly. He did not want to be stared at or be judged as a greedy selfish person, which he was not. But it was the truth. Unspoken though, but many people in the crowd agreed with him.

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Why you should take control of your credit health in 2017?

31-Jan-2017 written by : FSI-Team

In recent times, you may have heard or seen a lot of information being circulated about credit score and credit health. It is true that lending institutions and the regulators want you to be aware of your credit health and try to improve your CIBIL score. If you haven't paid serious attention to such messages, dismissing it as the agenda of lenders, you could not be farther away from the truth.

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Why a loan status on your credit report is more important than your credit score.

17-Jan-2017 written by : FSI-Team

If you are a financially conscientious individual, you may already know that your CIBIL score will have a large role to play whenever you apply for a fresh line of credit. But what you may not know is that a prospective lender does not stop at one's CIBIL score. It is the details of the credit report that are scrutinised to find out whether you are creditworthy.

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Is Getting Free CIBIL Score Possible In India?

17-Dec-2016 written by : FSI-Team

What would you say if we told you, yes it is possible to get a free copy of your CIBIL score in India? “Yahoo!�, may be? A lot of people do not know this but yes it is possible to get a copy of your free credit score. This service is available to all resident Indians. All you need is a computer with an internet connection, get online, go to www.freescoreindia.com and place a request. Let us look at how this works:

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Tips to understand CIBIL report correctly

06-Dec-2016 written by : FSI-Team

A credit report offers a peep into the creditworthiness and financial health of an individual. Lenders seek an applicant’s Credit Information Report (CIR) to assess his/her risk profile, check if they are in a position to bear the burden of an additional loan and also look at their past record to assess if they have been a disciplined borrower in the past.

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Why Free Score India Gives Away Credit Score For Free?

25-Oct-2016 written by : FSI-Team

Credit scores are doubtlessly the most crucial metric to gauge one's creditworthiness. When considering a loan application, lenders look for those who have a high score. CIBIL claims 79% of loans that are approved are for people with a credit score of 750 and more. Such a score reflects a healthy credit profile. A high score is therefore a desirable attribute in every borrower’s application.

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5 reasons to check your credit score regularly

19-Oct-2016 written by : FSI-Team

Ananya was scheduled to travel to US for an assignment. She applied for a credit card specifically suited for use abroad but her application was rejected due to a low credit score. She shared her dilemma with her colleague Preeti who was also travelling and had applied for the same card. Preeti enquired if knew what was the problem with her credit score and if Ananya ever checked her credit report. Ananya was clueless!

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Obtain a free credit report and start saving money

24-Sep-2016 written by : FSI-Team

Globally, your credit score holds more relevance than you would imagine – it can be the deciding factor between your being able to rent an apartment or a house, getting a new phone connection, determining the premium you would pay on your insurance policy and in some instances, even getting a job. Closer back home, in India, credit scores are currently used predominantly in the banking and financial services (BFSI) sector, with lenders (banks as well as other financial institutions) evaluating your score before agreeing to extend a fresh line of credit to a borrower.

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Boost Your Credit Score in 3 Steps

20-Sep-2016 written by : FSI-Team

Vivek applied for a home loan, there was a lucrative festival offer by a builder which he did not want to miss. However he was surprised when his loan application was rejected due to a poor credit score and consequently he missed the home deal.

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Mythology of a great CIBIL score

13-Sep-2016 written by : FSI-Team

So what is behind a great credit score, anyway? What is it that you must do if you want to be in that much-admired league of individuals with a score of 800 and above? For starters then, let us try to understand why so many myths abound with regards to credit scores in the first place, which will help us segregate fact from fiction so that we can work towards ensuring a good credit score

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Does all the hype on Credit Score justified? Do I really need to have a good score?

08-Sep-2016 written by : FSI-Team

As kids we all wanted to excel in our exams and show off our good scores in our report cards. Our teachers and parents always encouraged us to do better and aim higher. As a result we were made to pay attention to the littlest of details and keep a check on our own actions at all times. Who knew that it would actually serve as a foundation for a self monitoring and disciplined life? Apply all these learnings to finances and you will be all set on the right track.

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free cibil report online

Give wings to your loan application through credit scores

31-Aug-2016 written by : FSI-Team

Have you recently applied for a loan, or are in the process of applying for one? Be it for your dream house or car, or even a personal loan to tide you through an unfortunate financial crisis, you should know that while lenders are willing to extend a loan, it does depend on certain terms and conditions.

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free cibil report online

Why Getting Free Credit Score Is Like Winning A Lottery?

20-Aug-2016 written by : FSI-Team

Banker: Sir your credit score is not in line with our bank's policy. Unfortunately, we won’t be able to give you a loan Customer: What credit score? I don’t believe you. Show me my report. Banker: Sir, you can ask for your report online on www.cibil.com . After paying Rs. 550/-, you will be sent your report in your mailbox. Customer: Why should I pay Rs. 550/-? You are not giving me a loan, are you? And yet you want me to shell more out of my pocket? It’s my report and I demand to see it, for free.

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When Was the Last Time You Monitored Your Credit Report?

12-Aug-2016 written by : FSI-Team

Mr. Ram Kumar Sharma was a health freak. He led a disciplined life, yoga in the morning, a bowl of fruits after that, green tea without sugar etc. He had adopted many such ways in the interest of his healthy mind, body and soul. Not just this. He had made it a point to get all essential pathological tests done every year on January 1st. This date was convenient to remember. He filed his earlier test reports and compared them with his latest ones to notice any differences. He always sought a doctor’s opinion over his reports. Unfortunately, he wasn’t as mindful of his credit health.

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Beware of these 7 negative flags on your CIBIL report!

03-Aug-2016 written by : FSI-Team

When you're looking for fresh credit and approach a bank or financial institution for the same, nothing scares a lender off more than a few red flags in an individual's credit report. Given then that the credit report can be the make or break reason for your loan application to either go through or be rejected entirely, let's take a quick look at some of the terms you need to ensure are not on your credit report at any point.

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12 Credit Score Myths

29-July-2016 written by : FSI-Team

The concept of credit reporting and scoring is shrouded in a bountiful of myths & misconceptions. Some of these myths have been blown out of proportion and they sound real. One should not allow incorrect information to influence their financial decisions. Let us shatter some of these myths and clear the air for our readers.

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What to do if my CIBIL score is 0/ NA?

21-July-2016 written by : FSI-Team

CIBIL is a one of the four rating agencies that provides credit rating for individuals in India. The CIBIL score is usually a number ranging from 300 to 900 in most cases but not always. A higher CIBIL rating is indicative of responsible borrowing behavior and a low likelihood of default while lower score indicates the opposite. Generally loans are sanctioned to those who have a score 700 or above. Sometimes the score can be NA or NH and sometimes even 0 or -1 (minus 1). In the following discussion we understand does 0 or NA mean for the borrower.

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How to get Free Credit Scores in India

02-Sep-2015 written by : FSI-Team

People who have a good credit score have multiple advantages. One that has a bad credit score can improve it by taking Experian Help. There are many benefits of having a good credit score as it has a positive impact on the financial life of an individual. A good score can also give you profit in terms of rate on insurance. It also increases the chances of your loan to get approved.

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free cibil report online

How to get Free Credit Scores in India

13-July-2016 written by : FSI-Team

Since the inception of credit bureaus in India in the year 2000, the awareness and use of bureau data is now on the rise. While a large chunk of the population continues to be unaware of how credit bureaus work and what credit information reports and scores mean to each of us at an individual level, we as a country are slowly but surely getting there.

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free cibil report online

Is Good CIBIL Score Now a Job Prerequisite

08-July-2016 written by : FSI-Team

A good credit score is a must for a loan, most of us might be aware of this fact. Often in our earlier posts we gave also discussed that how a good CIBIL score in future could be a pre-requisite to getting jobs in the higher management cadres or in some financial domain companies but now the future is here! It is no more something that will happen a few years down the line; SBI has put it on the fore front by making it a prerequisite for getting a job with them.

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Need a loan? Only a good CIBIL score may not help

23-June-2016 written by : FSI-Team

Looking to buy your dream home? Or now that you've just bought one, a personal loan to do it up the way you've always wanted? Whatever be your dream, with the myriad loan options out there, there invariably is something for everyone. Of course, wanting to avail of a loan and finally getting one sanctioned are two entirely different things, and the latter needs more than just luck. Let's take a look then at the factors that go into loan approval.

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4 Tips You Can Follow To Secure Your Finances

27-May-2016 written by : FSI-Team

You flip a newspaper, gather from your social circle or turn on the prime time business news one common bulletin that resonates all across is that economically, times are tough. More and more people are being laid off and there are fewer jobs in the market.

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Gold loan on CIBIL report can act as a mine

03-May-2016 written by : FSI-Team

With the awareness about credit information companies or bureaus and the work they do growing, it comes as no surprise then that the importance of having a good CIBIL report has never been more prominent than it is today. Over 80 percent of loans that are approved, are of those individuals who have a score of 750 and above (of a possible 900), which clearly indicates that higher your score, better are your chances of approval for a fresh line of credit.

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Do you wish to get a free CIBIL score?

23-April-2016 written by : FSI-Team

If you're looking to rebuild your credit history, or even just keep track of it, the right place to begin would be your credit report. Knowing your credit information is important because virtually no financial transaction such a loan or credit card application goes though without the lender in question checking these details.

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How often should you check your credit score?

How Does Your CIBIL Score Impact Your Financial Life?

16-April-2016 written by : FSI-Team

Yes, money is important. In order to fulfil any basic requirements or to enjoy luxuries like an expensive trip abroad, one needs money. Given today's economic conditions, one has to seek help of credit to move even inches closer to fulfilling ones dreams. Credit is the bridge that helps an individual cover the gap between what one's pocket allows to buy and what one aspires to buy. For example, given your monthly disposable income you can only purchase a Maruti Suzuki Alto k10 but with the help of a car loan you can afford to buy a Maruti Suzuki Swift Dzire. So, credit helps you reach for products and services beyond your means, brings you greater financial satisfaction and boosts your affordability.

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How often should you check your credit score?

Awareness of CIBIL Ratings in India

11-April-2016 written by : FSI-Team

If you handle your own finances, you are very likely to have heard of CIBIL. If you are about to make an expensive purchase, like a house or a car, then you are going to want to know all about CIBIL. It so happens, CIBIL will be playing a big role in whether you get a loan or not. So, let's try and demystify what CIBIL is and how it functions in the credit society.

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How often should you check your credit score?

Have a low CIBIL scores? Try these Ideas

21-Mar-2016 written by : FSI-Team

A Low CIBIL score spells trouble and indicates that all is not well with your financial world; whether it's due to lack of financial management or discipline or both. A low CIBIL score could be due to a chronic problem like late payments or a one off issue like not taking a NOC for a loan for which the term has ended. Whatever be the issue there is a solution, however sometimes the road to a better score may take time and requires patience.

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How often should you check your credit score?

Credit Scores in India

10-Mar-2016 written by : FSI-Team

Credit scores were first introduced in the 1950s in California, USA. Since then they have sort of become a way of living and dealing in all financial matters in western nations, especially those that involve credit. Individual credit ratings or widely referred to as "credit scores" are a very new concept in India. And it's about time that citizens of our great nation wake up to this new avenue and adopt it in their daily lifestyle.

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How often should you check your credit score?

Best Ways to Improve My CIBIL Score

04-Mar-2016 written by : FSI-Team

Trying to improve the CIBIL score obviously requires focusing on factors that constitute in building the credit score. All aspects of your financial decision making do not have an impact on your CIBIL score so there is no point trying to work on the non related factors. The importance of a good credit score extends beyond its utility in getting a loan application sanctioned. Below are a few ways to help you in improving the credit score.

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How often should you check your credit score?

Will making the minimum payment on my credit card hurt my CIBIL score?

18-Feb-2016 written by : FSI-Team

Let's face it. With an individual's credit health fast becoming as important as it is to be financially fit, credit reports and scores thereof are in the limelight like never before. From the inception of one credit bureau in India, there are now four - namely, CIBIL, Equifax, Experian and CRIF High Mark - licensed to operate by India's apex bank, the Reserve Bank of India (RBI). All this brings to the forefront the importance of the CIBIL score.

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How often should you check your credit score?

Is bad credit stressing you out?

11-Feb-2016 written by : FSI-Team

Being in a bad credit situation can take a toll on an individual not just financially but also mentally and emotionally. Outstanding balances on credit cards or other loans not only can lead to stress but more importantly can result in one ending into debt trap. This shall lead to sever impacting the CIBIL score and CIBIL report which in turn will make the person ineligible to avail credit. It becomes important for a timely intervention to avoid a situation where one succumbs to the constant pressure.

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How often should you check your credit score?

CIBIL Scores: The Key to a Hidden Fortune

02-Feb-2016 written by : FSI-Team

Did you know that being credit healthy is not just the key to getting a loan or credit card when you most require one, but that it also helps you save money over a period of time? If you're planning to make an application for a home loan, let's get you started with a few essential facts that will bring your credit score into perspective.

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How often should you check your credit score?

Decoding a 'bad' CIBIL score

28-Jan-2016 written by : FSI-Team

Credit plays a very crucial role when it comes to a person's life - any purchase that you choose to make, be it a house or a car, can be bought on credit today. Of course, while having your dreams fulfilled is one thing, to get a loan to manage the same is not always possible. While there may be several lenders in the market, your personal credit history plays a significant role in determining whether the credit you require will be extended to you or not.

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How often should you check your credit score?

Is Good CIBIL Score key to meet financial objectives?

11-Jan-2016 written by : FSI-Team

Imagine this. You have it all figured out. All your plans for future are laid and you are all set and raring to begin living your dreams. You have set your eyes on that dream house, your much wanted car, your son will go to the best college and how you will pay for it, your expansion plans, your dream destination and that entire jing bang. You have it all planned on how you will fund it. Until the day you receive a letter from the bank that your loan application has been rejected. Now what? First thing you need to do is check your CIBIL rating.

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How often should you check your credit score?

5 Things you won't find in your CIBIL Report

05-Jan-2016 written by : FSI-Team

A credit report is based on your financial life, and is a good indicator of how you handle credit. While there is a comprehensive amount of your financial details, you won't find a whole lot of personal information detailed therein. Of course, with multiple credit bureaus generating similar reports, you may just find minor differences across reports, but on the whole the parameters are more or less uniform.

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How often should you check your credit score?

This New Year, resolve to achieve a better CIBIL score!

28-Dec-2015 written by : FSI-Team

As the saying goes, ring out the old and ring in the new. There is probably no better way to bring in the New Year than by increasing your financial fitness. In order to do that, becoming - and subsequently remaining - credit healthy is the first step in the process. With the new year almost around the corner, let's see what all you can do to improve your credit score.

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How often should you check your credit score?

How Does CIBIL Score Impact my Employability?

24-Dec-2015 written by : FSI-Team

Till almost a decade back you could get a loan based on your contacts, how big your relationship with the bank was or how well you knew the manager. Then came in CIBIL and rest as they say is history; the world of lending changed forever for the borrower and the lender. The borrower now had something that he could work upon to improve his chances of getting a loan and the lenders found an objective and statistical too to assess applicants. Well who ever could have though the utility of the CIBIL score could move beyond loan and impact a person's employability too!

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How often should you check your credit score?

4 Steps to increase your CIBIL Score

17-Dec-2015 written by : FSI-Team

Do you believe that your CIBIL score is not up to par? Are you looking for options to better your existing score? Read on to find out more. With CIBIL being the oldest credit bureau in the country, a credit score has become synonymous with the bureau. Hence, when someone mentions a CIBIL score, they could be referring to a credit score.

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How often should you check your credit score?

Is paying better than applying for a free CIBIL score?

02-Dec-2015 written by : FSI-Team

In today's times, the CIBIL scores can be considered to be your passport to availability of loans and other credit facilities. Therefore it becomes highly important to check the scores. However, each one of us would like to avoid the charges wherever we can. But is it worth to obtain a free cibil score or should one spend the money to get the CIBIL report?

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How often should you check your credit score?

Your finances are what your credit scores are

01-Dec-2015 written by : FSI-Team

Your credit score is a three-digit summary of your credit history, and is an integral part of your credit report. It is typically between 300 and 900, and a higher score indicates that you are likely to be more creditworthy from a lender's perspective. Credit reports are generated by credit information companies, or credit bureaus.

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How often should you check your credit score?

How Credit Scores will Affect Loan Interest Rates?

26-Nov-2015 written by : FSI-Team

Rahul: I am relived; finally my home loan from ABC Bank for a Rs. 25 lakh got sanctioned.
Akash: I also got a loan sanctioned from them a week back for the same amount.
Rahul: Oh really! for how many years?
Akash: For 15 years, at 9.75%.
Rahul: Mine is also the same duration but how come I am being charged a higher interest?

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How often should you check your credit score?

Is good credit score really required?

16-Nov-2015 written by : FSI-Team

These days there are a lot of awareness campaigns going, on the impact and importance of maintaining a high credit score. There is a burst of write ups everywhere in the media that are warning prospective borrowers to maintain satisfactory credit scores or urging them to improve credit score lest the lose out on a chance to borrow credit when they are in requirement of it, at competitive rates of interest.

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How often should you check your credit score?

Women and Credit Score

05-Nov-2015 written by : FSI-Team

Traditionally men are associated with financial management and all matters related to money. However in today's world most women would be offended with this notion. In current times women are financially independent and make their own financial choices or are equal participants in all money related decisions in a family.

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How often should you check your credit score?

Life after a bad credit score

30-Oct-2015 written by : FSI-Team

A low or 'bad' credit score need not signify the end of one's financial dreams. With some financial discipline and patience, it is indeed possible to better your credit score.

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How often should you check your credit score?

How does CIBIL score affect mortgage

27-Oct-2015 written by : Aman Kapoor

A mortgage is a debt instrument where immovable properties like buildings, lands, apartments etc. may be used as a guarantee in order to obtain a loan. Just like any other credit instrument the CIBIL score has a major impact on the outcome of loan request.

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How often should you check your credit score?

How often should you check your credit score?

28-Sep-2015 written by : FSI-Team

Regardless of your borrowing needs, it is prudent to keep track of your credit score regularly. If you find anything out of the ordinary, it would be wise to report it to the concerned lender immediately, and have it rectified.

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Factors impacting your credit score

Factors impacting your credit score

23-Sep-2015 written by : FSI-Team

Everybody knows the importance of having a good credit information history and good credit score to get better interest rates on loans and easy approvals. For example a CIBIL TransUnion score of 750 or above is considered as a healthy borrower.

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5 steps to a better credit score

5 steps to a better credit score

18-Sep-2015 written by : FSI-Team

Prevention is definitely better than cure, especially when it comes to credits. One credit-mistake can cost you more than you would expect. Although certain flaws on a credit score could possibly be corrected, it is always advised - not to allow a single mistake scar your credit report. Keep your report clean and maintain it that way.

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How to check cibil score to apply for a loan

How to check cibil score to apply for a loan

3-Sep-2015 written by : FSI-Team

In the present financial scenario, with the increasing expenditure in almost everything and the opportunity to borrow money to avoid engaging your savings- credit cards and loan options have become extremely popular. That is the reason people are leaning forward to apply for loans. However, borrowing money or getting approved for a loan is not as easy as it sounds. In this case, you must maintain a good CIBIL score.

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Improve your CIBIL score

Improve your CIBIL score

28-Aug-2015 written by : FSI-Team

Crediting is the easiest and commonest way to escape your financial difficulties at the time of need. When you are in urgent requirement of buying something or want to spend money on a service that is crucial, and yet do not have the savings and the money to do so, you can easily rely on the option of getting a loan or using a credit card and repaying the amount later.

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Using your credit report in a smart way

27-June-2015 written by : FSI-Team

A credit report consists of basic yet detailed information regarding loans, credit cards, delinquent accounts, and accounts that are also positive. All of this information that is gathered into an archive to determine what kind of credit you possess and if there is suspicious activity noted in your account.

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The real need to keep a good credit score

31-May-2015 written by : FSI-Team

Credit score is calculated on the basis of the debts that you pay, how long you take to pay them, how long do you take to pay off your loans, is there any credit that you are still to pay off, how often do you keep your bills pending.

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How is my credit score used?

30-May-2015 written by : FSI-Team

Credit score is something that makes your financial status grow, through a different perspective. It is really important to take good care of the credit score so that it does not hamper the loan proceedings or your financial status anyhow.

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Get your Credit Score in India today

08-April-2015 written by : FSI-Team

Are you the one whose son wants to study abroad? But you can't send him due to the shortage of funds. Don't worry! Every one of us faces a financial crisis at some point in our life! To help you out, our financial markets have plethora of financial institutes. You can approach them for financial support and in course of time you can easily fulfil the dreams of your family members.

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Getting to a good credit score

08-April-2015 written by : FSI-Team

There are things you can do to bail yourself out when you have a low score. You have to realize that credit score improvement is possible regardless of the fact that you have the most exceedingly awful credit that anybody could possibly think of. There are ways to get a superior score and you have to know the steps which will take you to where you want your score to be.

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What is Credit Score and importance of credit score?

08-April-2015 written by : FSI-Team

With the turn of a millennium, Indian economy has managed to keep its progress pace steady or rather it won't be wrong to say it has accelerated its pace considerably over the due course of time. As financially, conditions are becoming favourable in markets, businessmen are opting for expansion of their businesses. On the flip side, increased investments and profits have ultimately paved way for increased demands from the common man. As demand exceeds over availability of disposable income it becomes necessary to go for credit borrowings.

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A good credit score makes loan process easy

08-April-2015 written by : FSI-Team

Credit score stands to be one of the most important elements especially when it comes to your loan getting accepted. It doesn't matter what kind of loan you are applying for because if your credit score is low, you are going to face problem with respect to the loan application. Credit score is a score which determines your financial trustworthiness and your ability of paying the debts back. Most of us, might delay the payment of our bills thinking who is going to keep the track however, one should note the fact that there are records that are kept and thus your credit score is determined.

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Making a comparison between credit score and credit report

08-April-2015 written by : FSI-Team

You can always get a credit check from any of the major credit reporting industries. This credit report check will show various areas about your personal and financial transactions and credit history over a period of years. It will contain some identifying information like your address and employer, as well as your date of birth that has been taken from any of your previous applications for credit. Your credit report will reveal all of your bank or credit union accounts as well as any present loans or credit cards. It will also contain your credit applications and repayment history.

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