CIBIL Score is crucial in determining an individual’s creditworthiness. A good CIBIL score helps secure loans and credit cards at favourable terms and conditions. However, checking your CIBIL score frequently can risk your credit score, as every inquiry gets recorded in your credit report. Therefore, verifying your CIBIL score without compromising your credit score is essential.
Listed Below are three best ways to verify your CIBIL score without risking your credit
Several credit monitoring services are available online that provide monthly updates on your credit score, alerting you in case of any changes or discrepancies. These services are safe to check CIBIL score online and do not affect your credit report. Some of these services are:
Bajaj Finserv Official Website
Step by Step process to check CIBIL score online through Bajaj Finserv official website
- Visit the Bajaj Finserv website at bajajfinserv.in/check-free-cibil-score to check CIBIL score online.
- Look for the “Check Your CIBIL Score” section on the website.
- Click on the “Check Score” link to proceed with the process.
- Enter your mobile number to log in. You will receive a One Time Password (OTP) on your mobile number.
- On the next screen, enter the OTP you received and click the “Submit” button.
- Fill out the online form by providing your name, date of birth, PAN card number, and other required details to check CIBIL score online.
- Accept the terms and conditions.
- Click on the “Submit” button to complete the process.
- Your CIBIL score and report will be displayed on the screen.
Contact Bank or Credit Card Issuer
If you’re searching for an effortless and secure way to check CIBIL score online without risking damage to your credit, reaching out to your bank or card issuer is the ideal solution. Most financial institutions provide customers with regular updates on their CIBIL scores without affecting their reports. So getting accurate information about your credit score and financial health has never been simpler. Banks and credit card issuers provide various ways to check CIBIL score online, such as online banking portals or mobile apps. These platforms often provide interactive tools to help you better comprehend your report and track its changes over time. You may also receive alerts or notifications when significant modifications to your credit profile. Such as new inquiries or missed payments.
Bajaj Finserv Credit Pass
Bajaj Finserv Credit Pass gives customers real-time access to their Credit Health Reports. This report provides a detailed overview of all accounts and factors that affect your CIBIL score, including inquiries and repayment history. By subscribing to the Credit Pass, customers can frequently check CIBIL score online and use interactive tools like the CIBIL score Simulator to assess their financial health. This information is crucial in determining eligibility for loans or credit cards. The Bajaj Finserv Credit Pass subscription plans are straightforward and affordable, making them accessible to many customers. Customers can pay an annual subscription fee of Rs 99 to subscribe, providing them unlimited access to check CIBIL score online and other Bajaj Finserv Credit Pass features for one year from the activation date.
How to increase the CIBIL score
A good CIBIL score is essential for accessing credit at favourable terms and interest rates. If you want to increase your CIBIL score, here are some tips to understand how to increase the CIBIL score.
- Pay your bills on time: Late or missed payments can significantly negatively impact your CIBIL score. The first step to understand how to increase the CIBIL score is that you pay your credit card bills on time to avoid late payment penalties or negative remarks on your credit report.
- Maintain a healthy credit utilization ratio: Your credit utilization ratio is the amount of credit you use compared to your total credit limit. Maintaining a low credit utilization ratio is one of the important steps to understand how to increase the CIBIL score. Ideally credit utilization ratio below 30% is essential as it indicates responsible credit behaviour and can positively impact your CIBIL score.
- Keep your credit accounts active: A long credit history and active credit accounts can positively impact your CIBIL score. Avoid closing old credit accounts, as they may affect your credit utilization ratio and credit history.
- Avoid too many credit inquiries: Too many credit inquiries can harm your credit report, resulting in a decrease in your CIBIL score. Try to limit your credit inquiries and only apply for credit when necessary.
Conclusion
Checking your CIBIL score regularly is crucial in maintaining good financial health and accessing credit at favourable terms. There are several ways to check CIBIL score online without risking your credit. These include visiting the official CIBIL website, subscribing to online credit monitoring services like Bajaj Finserv Credit Pass and contacting your bank or card issuer directly. With these methods, you can get accurate and up-to-date info on your credit score and financial health without negatively affecting your credit report. Be aware of the important steps of how to increase your CIBIL score. These steps will guarantee that your score remains healthy and you have access when needed.
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