The Credit Information Bureau (India) Ltd., a credit rating company, authorized by the Reserve Bank of India, provides the CIBIL score (RBI). Individuals can access CIBIL scores and credit records, in addition to banks and non-banking financial institutions (NBFCs). These ratings are based on your credit history, including everything from a history of loan payback to a history of credit card payments.
Steps for Checking Your CIBIL Score Online:
Here’s how to check your CIBIL score:
- Visit the CIBIL website’s official page.
- Please choose “Get your CIBIL Score.”
- Name, email address, and password must be entered. Include identification documentation (passport number, PAN card, Aadhaar, or Voter ID). Then key in your phone number, date of birth, and PIN code.
- Tap “Accept and proceed.”
- On your cellphone number, you’ll get an OTP. Enter the OTP and then click “Continue.”
- Check your credit score by choosing “Go to dashboard.”
- You’ll be sent to the myscore.cibil.com website.
- After logging in, choose “Member Login” to view your CIBIL score.
Online Payment and CIBIL Score Checking:
The procedures below can be used to check your CIBIL credit scores online:
- Click on Know Your Score after logging onto the official CIBIL website.
- Fill out the online form, which includes fields for name, birthdate, residence, identification verification, previous loan history, and other pertinent information.
- After completing the form and approving any changes, you will be sent to the payments page. Numerous payment options are available, including prepaid cards, credit cards, net banking, etc. You must pay CIBIL Rs. 550 to obtain your credit report.
- You will be sent to an authentication page after completing the payment successfully. Here, you must respond to 5 questions on your credit history, of which you must accurately answer at least 3 for CIBIL to verify your identity. Within 24 hours, your report will be delivered to your email address.
- If authentication is unsuccessful, you can fill out and mail a paper copy of the application to CIBIL. The report will after that be mailed to you as well.
What Can You Do to Raise Your CIBIL Score?
A high CIBIL score is crucial since it influences whether or not banks will grant you a particular amount of credit. Your chances of receiving a more straightforward credit approval increase with a high CIBIL score. Here are five quick and efficient strategies to raise your CIBIL score.
- Check and keep track of your CIBIL score: Knowing your CIBIL score regularly can help you understand your credit situation. You can keep track of your CIBIL score by requesting a subscription-based credit score. Additionally, you can monitor your score utilizing the CIBIL report from the top Indian credit bureaus. Seeing if there are any mistakes or misleading information about your credit account is another reason to verify your CIBIL score.
- Take a look at your credit report: It is advisable to examine it because it can contain inaccuracies, as well as keep an eye on your CIBIL Score. It is recommended to regularly evaluate your credit report so that you may make any necessary corrections.
- Limit your Credit Usage: It’s critical to exercise restraint when using your credit card. Verify that you are using up only some of your credit. Spending more than 50% of your credit card limit is not recommended until your CIBIL score hits 750.
- Increase your credit limit: Your credit limit is the maximum sum you can borrow with your card. You can ask your credit card company to increase your credit limit.
- Pay your bills on time: Paying your bills on time shows that you have good debt management skills. Avoid making late payments on your bills to keep your credit score high. Never make partial payments because doing so could indicate that you are an unreliable credit user and lower your CIBIL score.