During an emergency, you would surely not want to get a loan application rejected. In fact, during a medical emergency or when your car has broken down suddenly, you would not expect your loan provider to reject your loan application. However, there are chances that you can get a loan rejected when your loved ones are in a medical emergency and you run out of funds. This is because you are not aware of your credit eligibility and you do not have a good credit score. A low credit score can get your loan application rejected. It is important to check your credit report and score from time to time. When you monitor your score by checking it for free, you agree to update your eligibility and be ready to borrow at the time of need. Here is how you can check your online credit score.
Step by step online credit score check process
- Visit the official website of Clix Capital. Clix Capital offers you a free and accurate credit score check option.
- Find the credit score section. There you will find the option ‘check your free credit score’; click on that.
- Fill up all the information that is asked like name, email address, contact, DOB, Pan card number, and Aadhaar card number.
- After entering all the details, you need to click on ‘submit’.
- Within 2 minutes, you will find your credit score is reflected on the screen of your smartphone or laptop.
What does your credit score mean?
Now that you know how to find your credit score, it is important to understand what your score means. The credit score range is from 350 to 900, where a score above 750 is considered to be an excellent one. A score above 650 is a good one that offers little to no problems in borrowing. You will get a loan easily but your rate of interest will be high. For a score less than 600, borrowing will be difficult and expensive. You need to improve your score. There are various ways to improve your credit score. Things like timely payments, paying full bill amount, and a balanced credit mix are some of the ways by which you can ensure a good credit score. For Business Loan visit : business loan apply online.
Bottom line
Your credit score is what matters when you are in need of immediate funds. Initiate an online credit score check regularly to monitor your score and keep yourself updated. A good credit report offers instant approval and a low rate of interest too. Must Read : HIGH HOME LOAN DEMAND TRIGGERS HOME LOAN INTEREST RATE WAR