It is vital to know about your credit health. When you know where you stand in terms of credit, you get to build the right credit score to be eligible for borrowing. With a good credit score comes low risk and perks like instant approval, pre-approved loan, and a low rate of interest. It becomes easy for you to borrow and get the best experience of borrowing. Find out how you can check your credit score and also, the credit range that will help you understand where you stand and what your credit score tells about yourself.
Steps To Get Your Free Credit Score
● Visit the credit score Page. There are various websites that offer free credit score checks, but with Clix Capital, you will have the best experience.
● Enter your first and last name. These details should be accurate as per the documents.
● Add your mobile number and email ID.
● An OTP will be sent to your mobile number for verification.
● The next step would be to verify your age. This will be done with the help of your Aadhar card number.
● Your credit score and your report will be then displayed on the screen.
● You can take a print out or you can download the pdf.
Credit Score Range
● 350 – 549: A credit score in this range is considered a bad credit score. It means you have been late in paying credit card bills or EMI for loans. With a credit score in this range, it will be difficult for you to get a loan or a credit card as there will be a risk of turning into a defaulter.
● 550 – 649: A credit score in this range is considered fair. It suggests you have been struggling to pay the dues on time. The interest rates of the loan will also be higher and you may get loan rejection. Apply for small business loan.
● 650 – 749: If your credit score is in this range, you are doing a good job. A score in this range gives you little to no trouble at all. The loan provider will always be impressed to find the right credit eligibility so that you are able to get a low rate of interest and instant approval on a loan. It is okay that you may still not have the negotiation facilities to get the best deal on the rate of interest for the loan.
● 750 – 900: This is an excellent credit score. It means that you have perfect credit health. There will not be any problem and you can get and explore all the loan products. Banks will offer you loans and credit cards at a low rate of interest because there is no risk.
Wrapping up
How to check credit score? If you feel that you need to check ‘my credit score’, you will find my credit score on the credit score page.