A credit report is an analyzed report about your financial health and information, and it is a combined analysis of current balance, payment history, and credit accounts. The credit report is a critical factor in deciding your creditworthiness before your lender.
In the determination of one’s creditworthiness, allowing lenders/issuers to evaluate if a particular applicant qualifies for a loan or credit card. According to credit bureaus, a person’s credit score can vary from 300 to 900, with those with a credit score of 750 or more having a greater chance of getting credit than those with a score of less than 750
Mainly, credit score are analyzed based on credit reports. Those credit reports show where you work and live along with other financial information to confirm the legitimacy of your documents.
It’s worth noting that the increasing relevance of credit score among lenders/issuers in recent years has made it critical for individuals to have a decent credit score. As a result, they may be able to get their credit card and loan applications approved more quickly in the future. A strong credit score can also assist such borrowers in obtaining loans with cheaper interest rates and fees.
However, when one works to improve or raise their credit score, knowing how to check credit score on a regular basis becomes increasingly important. Knowing how to check one’s credit score on a regular basis might assist in taking remedial actions to enhance one’s credit score if it falls.
Credit reports become a significant factor in enabling the lender to determine if you are worthy of repaying the loan. Hence, checking your credit report is mandatory; you can also check your credit score using Buddy Score.
Let’s first understand how an Experian free credit report works, followed by checking the Experian free credit report on Buddy Score.
HOW DOES MONITORING EXPERIAN FREE CREDIT REPORT WORK?
Credit report monitoring assists you in detecting any fraud prospects found in your report. If you choose to monitor the Experian free credit report, a notification will be sent to inform you if any changes occur. You can get your Experian Free credit report by login into Buddy Score and providing your credentials there. Being aware of your credit report position and what is affecting them will enable you to be ready to apply for new credit.
This article will guide you through ways to check your Experian free credit report.
STEPS TO CHECK THE FREE EXPERIAN CREDIT REPORT
The choice to check your Credit score is completely up to you. Moreover, the majority of Indians check their Credit scores twice a year. Are these checks sufficient? It totally depends entirely on how you manage your credit.
To analyze your Experian Free Credit Report, you have to log in to buddy score by following the steps shown below –
Step 1 – To “Check free credit report, “you have to log in to the website providing these details.
– Email address.
-Your mobile number.
-Date of birth.
-Pan card details.
-Current Street Address.
Step 2 –.After correctly providing the details mentioned above, you will receive an OTP on the number.
Step 3. Now Your Experian Free credit report should appear on your screen with every detail of the payment history of your credit accounts.
Hence when you are provided with resources to check your credit report for free, paying for checking the same won’t be a wise decision to take. While checking your credit report, you should keep in mind that you can monitor it only once a year. Hence, the methods provided above should make it easier and quick for you to get your credit report.