A short time ago, you could only check your CIBIL score when claiming a new credit, making it difficult for an individual to update their credit health and score. Fortunately, the present features and provisions have been a relief to overcome this inflexibility, and it is possible by using just your CIBIL score login credentials.
There is a quick solution to your questions: “How to check my CIBIL score?” and “How to check credit score online?” The process is as easy as pie. Not only the credit score, but you can check your credit report too in just a few simple steps.
A credit report comprises all the user’s details such as his personal information, employment information, inquiry information, availed loans, credit score, etc.
Know Your CIBIL Score in these Simple Steps:
Many methods are available, paid and unpaid, to check your CIBIL score online. You can do it on the Bajaj Finserv website for free; you don’t need to log in or register for it. It is stress-free. Follow these quick steps to check your CIBIL score:
Step 1: Head over to the Bajaj Finserv website and click on the ‘Get your CIBIL score’ option.
Step 2: Under the ‘Share your details’ section, fill in the required fields and submit them.
Step 3: Complete the verification by entering the OTP sent to your registered contact number.
Step 4: Check your CIBIL score login and report
How Often Should One Check their CIBIL Score?
Keeping up with your credit report gives you an upper hand in managing your financial expenditures accordingly. It will aid you in making wiser decisions to maintain your credit score, considering that this is the primary tool by which your loans could be approved or rejected. However, it’s not mandatory to always check your credit score. Doing it at least once a year is recommended. It is considered a good financial habit to plan your decisions effectively.
Is the Credit Score Compromised by Checking it Regularly ?
It does not usually happen, but the possibility exists depending upon the situation. When you check your CIBIL score, it is considered a “soft inquiry,” and it does not affect your score in any way.” Hard inquiry” is when a lender or a credit card issuer checks your CIBIL or credit report. When these hard inquiries are made several times in a short period, it might affect your CIBIL score.
The recent advantage of checking CIBIL score online has benefited most people. Everyone can keep track of their credit scores and reports regularly to manage their financial budgets. It has also made it easier to maintain a good credit score for loan approvals and credit issuing. Every individual searches for pocket-effective methods, and these CIBIL score-checking services ensure they do.
Additional Read: Factors on which CIBIL Score is Calculated