May 18, 2022
credit score india

Which Credit Score is Better ‘CIBIL Score’ or ‘Experian Score’?

What if someone asks you to compare both your hands? You can’t do it, right? Both have them are made similar and have the same functioning but most of the people are right-handed. So is the case with credit scores. CIBIL score is the most preferred one in India by the lenders as well as the consumers but it has no lesser value or no additional feature as compared to Experian.

To make it easier for you, read below how each of them can be checked online by almost same steps. Credit Score Check Free Online is available at many websites. So, read below the steps.

How can you check CIBIL score?

You can follow the below steps in order to check your score online:

  1. Go to check CIBIL score check website
  2. Provide your full name as mentioned on the PAN card
  3. Enter your Date of Birth
  4. Choose the gender you belong to
  5. Mention your PAN card number
  6. Enter your contact address
  7. Provide the email ID fn which you want to get the credit report
  8. Enter your mobile number
  9. Submit the form

On the successful submission of the CIBIL score form, you will get a confirmation on your email ID. You will get the detailed credit report on the email ID you have provided.

How can you check CIBIL score?

You can follow the below steps in order to check your score online:

  1. Go to check CIBIL score check website
  2. Provide your full name as mentioned on the PAN card
  3. Enter your Date of Birth
  4. Choose the gender you belong to
  5. Mention your PAN card number
  6. Enter your contact address
  7. Provide the email ID fn which you want to get the credit report
  8. Enter your mobile number
  9. Submit the form

On the successful submission of the CIBIL score form, you will get a confirmation on your email ID. You will get the detailed credit report on the email ID you have provided.

How important is your credit score?

If you have a bad score, you might not a credit card which has great features and is one of the top credit cards. Also, a poor credit score might stop you from getting loans at a lower rate of interest. The applicants who have a score above 750 are eligible for most of the credit card deals and loans. Those who have a score below it have limited options but are eligible for the facilities.

What is the difference between ‘credit report’ and ‘credit score’?

Credit report is a detailed report with your credit score and past payment details. Credit score is a three digit number. You can check your score anytime anywhere but have to get your credit report separately. Lenders may ask for your CIBIL or Experian score to consider your application for the required product. But they generally get your credit report and see whether you are a defaulter in the past or not. If yes, your application for the credit card or loan may get rejected.

What are the best ways to build up my credit score?

If you are an existing loan borrower or a credit card user but have missed paying the bills or EMIs on time, your credit score must have reduced. However, in order to generate a good credit score again, below are some yet effective ways.

  • Apply for any loan or credit card just to improve your payment record or create one.
  • Avoid using unnecessary credit cards.
  • Do not increase your credit limit until and unless it’s very urgent.
  • Try not to use more than 30% of your credit card limit, forget that you have more than that.
  • Pay your credit card bills or EMIs on time.
  • If possible, do not go for prepayment of the loans.

As you can see, Experian credit score and CIBIL score each has the same functioning. So, it depends which lender is asking of which score and accordingly you can check it.

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