How To Check Credit Score Online
|Steps||Steps To Check Credit Score|
|Step 1||Visit any website of your choice to check the credit score|
|Step 2||Select your gender|
|Step 3||Enter your age|
|Step 4||Select your city where you live currently|
|Step 5||Select the company you work for|
|Step 6||Enter your net monthly salary|
|Step 7||Enter your PAN Card Number|
|Step 8||Fill in your personal details|
|Step 9||Provide your contact details and email address|
|Step 10||Enter verification code sent to your mobile number|
|Step 11||Your credit score will be sent to your email ID and mobile number|
What is a Credit Score?
A credit score is a numeric representation of your credit history. It is mainly comprised of five components that have their respective weights while calculating your credit score:
- Payment history- 35%
- Amounts owed- 30%
- Length of Credit history- 15%
- How many types of credit in use- 10%
- Account inquiries- 10%
A bank generally uses your credit score to evaluate your credit risk. Higher the number of your credit score, the lower is the credit risk.
Why Do Credit Score Matter?
Your credit score is often used by lenders, banks and creditors to help evaluate and rate how much of a risk you are to loan money. The number of score determines how much responsible you are when it comes to your credit and how do you manage your finances. If your number is lower, there can be rejections from the lenders based on your poor management. Credit score is a part of your credit history and it determines the trust level an investor or a lender should have on you.
Where To Check Credit Score
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