Top benefits of checking credit score online

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Top benefits of checking credit score online
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The key to making good things happened in life is
consistency so maintaining your creditworthiness
all time is also not an easy task at all. We all
know that credit score is a numerical
presentation of past credit behavior and an
indication of your financial behavior which is a
major factor considered by all the lenders before
approving any credit. The credit score ranges
from 300-900. Higher is your score, greater are
the chances of fast credit approval. So, it is a
must to check your credit score online on a
frequent basis. Any score above 750 is considered
a good credit score.
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• In India, there are four main credit bureaus that
  are authorized to give credit report i.e.
  Equifax, In India, there are four main credit
  bureaus that are authorized to give CIBIL credit
  report i.e. Equifax, CIBIL, Experian and CRIF
  High Mark. Under this report, you can easily
  track your score with a detailed analysis of your
  financial position and how to improve further.
  Once in a year as per RBI rule, all four main
  credit bureaus allow you to get a free CIBIL
  credit report.
• Here are the key factors you get to know when you
  check credit score online
• Gives a detailed picture of where you stand
  financially in terms of credit
• To improve the credit of every individual,
  FinTech companies have also joined hands with the
  Credit bureaus. Here on the FinTech platform,
  anyone who is looking for credit can check his or
  her free credit score or full-fledged credit
  health report anytime just with a click of a
  mouse. If you check your score frequently, it
  will help in improving your credit standing which
  will result in improving the score and making it
  reflect on the credit bureaus.

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• Easy and quick credit report error rectification
• When you take credit from any of the lenders, all
  information related to repayments and another
  form of credit activity being given to credit
  bureaus. The Information related prepayment,
  closing or settling any form of credit are main
  concerns for the credit bureaus. If you are
  keeping track of your report then you can make
  sure that all information available in your
  credit report is correct. In case, if you spot an
  error, it can also be rectified on a timely
  basis.
• A soft inquiry is better than a hard inquiry
• When a lender makes an inquiry, it is known as a
  hard inquiry. It is a must for you to know every
  hard inquiry is being reflected in your report.
  So, avoid making a frequent hard inquiry and try
  to go with an option of soft inquiry to keep
  track of your credit score.

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• Get better rates and pre-approved offers
• If you maintain the consistency of having a good
  credit score, then you become eligible to get the
  best rates loan offers or you can say
  pre-approved offers. for various credit products
  for different ranges of credit scores because of
  their tie-ups with various lenders. You can also
  compare the offers available in the market and
  pick the best one.
• Prevention is better than cure, so rather than
  improving the score when it becomes bad, go for a
  regular credit score check so that it can never
  become bad.
• Check your Credit Score Report in just 1 minute
  - https//indialends.com/credit-application

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