FAQ’s

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FAQ’s

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Your credit report reflects your complete credit history. It consists of all your credit cards, loans from banks or NBFCs, along with the limits, spending and payment history.

Credit scores between 580 and 649 are regarded as fair, 650 to 799 as good, and above 800 as exceptional.

No, checking your personal credit score do not impact it. Rather, it is recommended to do a check to ensure a good health before you apply for a loan or credit card.

Yes, you must check your credit score to avoid applying for a loan in case it may get rejected. You can better prepare and resolve issues if you are aware of your score beforehand. Moreover, you might attempt to raise your credit score if it is low before requesting a loan.

Improving your credit score will need effort, patience, and financial management. It won’t suddenly boost unless there is any dispute. If you manage your finances right, it will typically take 4–12 months to increase a super low credit score.

A business credit report assists in evaluating a company’s financial health by considering their past credit behaviour, i.e., how they have performed on previous loans and how this affects their creditworthiness. Business credit Report represents a thorough credit profile for an organisation.

It includes information such as Inquiry Information (i.e., information about the organisation, such as name, ID, address, phone number, etc.), credit Score, account history, credit Summary, inquiry History.

You can review your profile once a month. It’s the quickest approach to identify mistakes and address problems before they get out of hand.

Don’t worry if your company’s credit profile differs from where you’d like it to be. You can improve it; all it takes is a little work.