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Check Free Credit Score in India | Creditkaro

Credit score is the numerical entity that reflects your credit health and gives lender an fair insight about your financial portfolio. Maintaining this score entitled you to all the possible loans that one can avail.<br>

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Check Free Credit Score in India | Creditkaro

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  1. Welcome to Credit karo We will let you know about CREDIT SCORE

  2. What is a credit score? Credit score can be defined as a statistical figure that describes a person’s credit profile in the current economic framework and this score is evaluated on the basis of previous loan payment term and credit history of that person. In recent times its very convenient to check credit score online. Credit score is categorized as Bad, Poor, Average, Good and Excellent.

  3. Range of credit score A person's credit score ranges from 300 to 850, and the higher the score, the more financially trustworthy a person is considered to be. These days we have the benefit to check credit score for free. Credit scores are used by lenders, including banks providing mortgage loans, credit card companies, and even car dealerships financing auto purchases.

  4. Which Score qualifies for a loan ? 300-599 – You will not qualify for a loan. Such a low score is a warning signal to lenders that you do not have a history of good credit behavior. Lot of banking website offer free credit score check which will help you monitor your credit health. 600-749 – Although this not an excellent score, you might have a chance of being approved by some lenders. If they think you have the ability to fulfill your repayment burden despite your average score, your application has a chance of being approved.

  5. Benefits of maintaining a good credit score • Any score close to 750 and above clearly indicates that you have • a very good chance of obtaining a loan with such a score. • There are several other advantages to a high score: • The approval process will be comparatively faster. • The loan amount that can be availed would be much higher. • There could be an option where you might be able to negotiate • a lower interest rate. • All of these benefits make the whole loan approval process much easier. 

  6. How to a maintain a good credit score? All of your debts should be given equal importance when it comes to repayment against the due balance. Ensure timely credit score check through the available online platforms. Do not exhaust your complete limit on a card, always try to only avail 50% or lesser out of your total offered limit.

  7. Contact us Website – www.creditkaro.com Email Id - support@creditkaro.com Phone no. - +91-8448445549

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