Business

Which Is The Best Site To Check Credit Score?

When you apply for a personal loan, lenders first determine your credit score to know how credible and reliable you are. This means that your credit score plays a deciding role when it comes to loan approval. Many banks and financial institutions use the FICO score which ranges from 300 to 900. However, it may differ depending on the bank.

Moreover, this score is generated based on factors such as your payment history, credit mix, length of the credit and credit utilization ratio. Generally a score above 750 is a good credit score and indicates that you have the ability to repay your loan amount. Therefore, you have to make a habit of checking your credit score frequently to keep a track of your financial status.

You can check your credit score online using Buddy Score and get your credit report instantly. So read this article further to know more about credit score, its importance and why Buddy Score is the best site to check your credit score

Benefits of Having a High Credit Score

 

  • Low-interest rates: You can easily get approved for a personal loan if you have a high credit score as lenders will see you as a credible applicant. And, offers low interest rates on the loans
  • Eligibility for loans: Since you have a high score, you will become automatically eligible for loans .
  • Credit Cards: As credit cards don’t need any security, you will get attractive deals on your credit card when you have a high credit score.
  • Quick approval of loan: A high score indicates that you have the ability to repay your loans on time. So you will easily get your loans sanctioned instantly.
  • Adds financial value: A high credit score increases your financial status which will in turn make it easy for you to get loans or any financial assistance in the future.

 

Best Site to Check Your Credit Score for Free

Many banks and fintech platforms have options to check your credit score online. And one of the best site to check your credit score online is Buddy Score. You can check your score using Buddy Score and get a full credit report instantly. So here are the steps you can follow to check your credit score.

  • Step 1: Visit the official website of Buddy Score.
  • Step 2: Click on “Check Credit Score.”
  • Step 3: Enter the required details such as date of birth, email address, registered mobile number, and PAN.
  • Step 3: Enter the OTP that you receive and get your credit score along with your report instantly.

 

EndNote

When it comes to any financial product such as loans, your credit score is the first that lenders will check to assess your creditworthiness. So it is essential to check your credit score before you plan to apply for a loan to avoid rejection. And you can easily check your score online. If you find any errors in your report, raise the issue to the respective credit bureau and get it corrected immediately.

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