Credit scores play a crucial role in determining an individual’s financial stability and ability to access loans and credit cards. A low credit score can prevent individuals from obtaining credit products, while a high score can open up a world of financial opportunities. Therefore, regularly monitoring the credit score on an online credit pass and utilising the credit pass advantages is crucial for making informed decisions.

What Is Credit Pass?

A credit pass is an online credit monitoring services offered by Bajaj Finserv that provides individuals with regular updates on their credit score and credit-reports. By utilizing the credit pass advantages, online credit pass subscribers can monitor their credit score, and other factors that impact their creditworthiness. This information is essential for making informed financial decisions, such as applying for loans or credit cards with favorable interest rates.

What Is A Bad Credit Score?

A credit score is a three-digit numeric summary of an individual’s credit history and repayment behaviour, calculated based on their credit report. In India, the CIBIL score of 750 or above is considered good. A score below 700 is considered a bad credit score, and individuals with a low score may have difficulty obtaining loan or credit card with favourable interest rates.

How to Get a Credit Pass Despite a Bad Credit Score

Getting an online credit pass and utilizing the credit pass advantages with a low CIBIL score can be challenging, but it is not impossible. Here are some steps individuals can follow to get a credit pass despite a bad credit score:

• Visit the official website
• Click on the “Get It Now” option to apply for an online credit pass.
• Enter your mobile number and verify it via OTP.
• Fill in your personal and contact information, such as name, phone number, PAN Card details, financial details, email address, etc.
• Accept the Terms & Conditions to complete the application process
• Pay the one-time annual online credit pass subscription fee of Rs 99 through various payment options, such as credit card, debit card, or online wallet.
• Once the payment is confirmed, you can access your Credit Health Report and other credit pass advantages.

Bajaj Finserv online credit pass is an indispensable credit monitoring tool for individuals aiming to improve their creditworthiness and take control of their financial future. By monitoring their credit score regularly and gaining credit pass advantages individuals can take the first step towards a secure financial future.