Do You Know the Importance of Checking Your Credit Score Regularly?

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Many believe checking their credit score is required only when they apply for a loan or credit card. If you are also one of them, think again. Here are a few reasons to check it regularly.

Helps Understand Your Financial Standing: Just like regular health check-ups help keep health in order, checking your credit rating ensures financial well-being. Staying on top of it provides good credit scores for personal loans and other credit products. 

Helps Estimate Creditworthiness: An Experian credit score of 630 and above represents good creditworthiness. It signifies financial discipline and responsible credit behaviour. Always check the credit rating to stay alert and take corrective measures whenever it shows a decline.

Helps Keep the Credit Report Error-Free: Regular checking helps identify any errors in the credit report and rectify them to boost the score immediately. Although several lending institutions look at the CIBIL score for a personal loan, others ask for the Experian score. So, check your credit reports regularly to keep them in order.

Before applying for a Personal Loan, check your credit score online for free and work to improve it to boost eligibility.

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