POSTED BY March 27, 2017 COMMENTS (71)ON
Do you know that every person is entitled for 1 free credit report and score each year from each of the credit bureau in India? There are 4 credit bureau in India which is CIBIL, Experian, Equifax and HighMark.
As per RBI guidelines, now each of them have to provide one free report each year. For those of you who do not know, a credit report is a document which has all your past loans repayment history and a score which tells a lender if you should be given any loan or not.
So each lender checks these reports and score as part of their loan approval process. It’s very important for investors to keep track of their credit scores from time to time.
Step by Step Process to Check FREE Score online
So today I am going to share the process of getting the free report and score online from each CIBIL Transunion, Experian, Equifax and Highmark credit bureau. I have personally checked my own score + report from each credit bureau and I will teach you the step by step process of how you can do it too. The whole process is online and you do not have to fill any form by hand or send any documents anywhere.
Note that your credit report will be available only if you have taken some kind of loan or credit card. So if you do not have any kind of loan, you will most probably not have it, unless someone has misused your documents and applied for some loan.
So let’s start with CIBIL first..
In order to check your free cibil transunion report and score, you need to following steps
Note that you should watch the video above to exactly understand the steps required to check your report.
In order to check your free Experian report and score, you need to following steps
Here are the steps to check your free Equifax report and score
For those , who do not have mobile linked with adhaar, they can send their KYC documents along with a filled form to Equifax customer care, and on verification they will get their free report in 48 hours
Here are the steps to check your free Highmark credit report
I hope the above videos must have given a good clarity on what needs to be done to check your report online, totally free of cost.
Credit report is fast becoming a very integral part of credit system in India from last few years (it’s already is). It’s highly recommended to have a clean record and a fairly good credit score if you don’t want to get rejected for your future loan applications.
Now with one free report from every credit bureau, everyone should check theirs from each company and make sure that all the credit remakes and details like name, age, score and other details are correct. If you find any problems, immediately raise a dispute with the lender and the credit bureau and start fixing it.
PRO Tip – Subscribe to each report with the gap of 90 days
One of our readers Krishna mentioned a wonderful tip
Don’t subscribe all 4 reports at the same time. Time them one per quarter so you can monitor your credit report for any frauds frequently instead of once every year.
So the point is that if you divide your free reports checks every 90 days , you will be able to find out if there was any frauds happening throughout the whole year. However if you just apply for all the reports in a single month, then you will be able to apply them only next year.
Let me know if you face any issues while checking your free report