Livet.in
Powered by

Check your credit report for FREE

Quickly access your monthly credit report without impacting your credit score.

Detailed Report

Easy Access

Safe & Secure

Know Your Score

Check your credit report for FREE

Checking won’t affect your credit score.

Track Credit Score To

  • Improve your Credit Health
  • Identify Inaccuracies
  • Do Better Planning
  • Access monthly free report
  • Monitor changes effortlessly

What is credit score

In today's interconnected world, one of the most crucial elements influencing how your finances will evolve is your credit score. This three-digit number serves as a financial fingerprint that provides a quick summary of your creditworthiness to lenders, tenants, and even some employers.

Approval Impact

It impacts not just loan approvals but also rental approvals and credit card offers.

Low Score

A low score can lead to exorbitant interest rates or outright rejection.

High Score

A high score increases your chances of loan acceptance with better terms.

Why is it crucial to monitor your scores?

  • A credit score can be used to assess an individual's creditworthiness.
  • Credit scores increase with improved financial management.
  • A low credit score points to an unreliable borrower; banks generally avoid lending to people with low scores.
  • A low credit score could lead to increased interest rates or the denial of a loan.
  • Higher credit scores are often linked to better lending terms and lower interest rates.

Benefits of good credit score

  • Monitor your financial activity: Being able to monitor your score can help you have a better understanding of your financial activity. This enables you to make all the necessary adjustments to raise your score.
  • Check for accuracy: A lower score might occasionally result from mistakes or inaccuracies in your credit report. Finding problems through routine inspections makes it easier to submit them to the credit bureau and fix them.
  • Offers good deals: You can identify better credit card or loan offers with the help of your credit score. A higher credit score makes you a more devoted borrower to lenders. Lower interest rates and improved conditions could result from that.

Tips to improve your score

  1. Avoid late payments: To ensure that you never miss a payment, set up an automated payment system or send out an advance reminder.
  2. Check for mistakes: Check your credit report frequently for any discrepancies; if you find any, submit a complaint to the credit bureau.
  3. Limit credit utilization: By lowering your credit utilization ratio, you can improve your credit score by never using more than 30% of your credit limit.
  4. Reduce the number of credit inquiries: Applying for multiple loans or credit cards at the same time could have an impact on your credit score. Use extreme caution when deciding where and when to apply.

Ranges of credit score

Range of scoresRating What it signifies
800 and aboveExcellentThe finest conditions and easiest access to loans.
750 - 799Very GoodHigh likelihood of acceptance on favorable terms.
700 - 749GoodThe majority of lenders generally accept it.
650 - 699FairApproval may occur, but interest rates will be higher.
300 - 649PoorGetting new credit is hard; try to raise your score.

Advantages of Consistent Monitoring

  • Pay attention to any declines in your score brought on by late payments or higher usage.
  • Resolve errors in your credit report as soon as possible.
  • Over time, develop positive habits to become eligible for better financial products.