You’ll need some basic information, as well as your PAN card number, to verify your personal credit score. You must also pay a fee in order to acquire your credit score. If you validate your credit card once a year, CIBIL will provide you with a free credit score. No other website can currently give you with a more accurate and up-to-date CIBIL Score than CIBIL itself. Go to their official website and follow these procedures to receive your CIBIL Score:
To use the PAN Card to verify your CIBIL Score (to do credit score checking), we can follow the following steps:
Here’s how to find out what your CIBIL score is.
Visit https://www.cibil.com/ for more information. (From the official page of CIBIL)
- Enter the number on your PAN card.
- Please provide your e-mail address.
- Enter your birth date and gender.
- Fill in the captcha code.
- Recognize the terms and conditions.
- Select “Procedure to Payment” from the drop-down menu.
You can access the information using your e-mail ID and password if you have already checked your CIBIL Score/CIR. If you are checking your credit information for the first time, the website will direct you to the payment page. You can choose how you want the score and report sent after you’ve paid. You can choose to have a physical copy of the report mailed to your address or to receive an electronic copy via email.
If you don’t have a PAN Card number, you can still get your CIBIL Score by providing your name, date of birth, identification proof number from another document, address, and phone number.
In order to verify your personal loan for CIBIL score of 550, we need your PAN card number.
A PAN Card is a common document that uses a unique PAN Card number to identify a specific person. In addition, most people’s PANs are linked to their whole financial and bank accounts. Credit bureaus can rapidly find your information thanks to PAN. When you utilise your PAN Card number to get your CIBIL score, it’s only used for one thing: finding your credit information and authenticating it with the associated information.
If you don’t have a PAN Card, you can still acquire your CIBIL Score by entering the identification proof number on your passport, voter ID, or driver’s licence.
What’s the difference between CIBIL Dispute and CIBIL Clearance?
A person’s credit report is an important component that influences their loan or credit card application. check cibil score by pan card on a regular basis to look for any inaccuracies or anomalies in your name, personal information, or account information. Any blunder can lower your credit score, resulting in your loan application being turned down. For your convenience, credit bureaus give a free credit score. You can pay for a subscription-based credit report from the agencies if you want a more comprehensive credit report.
Customers’ data is sent to credit bureaus every 30-45 days by the credit institution (CI) from which they borrow money. The credit bureaus then generate credit information reports based on the data (CIR). As a result, credit institutions bear the responsibility for any errors or incomplete information that they report to credit agencies. Until the credit institution reports the report, no credit agency can amend it.
If your account is not being updated, there could be two reasons for this. Either your credit institution didn’t send your recent report to a credit agency or there’s a dispute on your account. You can either challenge an account’s ownership or any of the account’s details. If the argument is about account ownership, all other criteria are taken into account. You can also submit a request if you have a disagreement with one or more fields.
Changes in PAN and CIBIL Scores
If your PAN card is lost or stolen and you request a duplicate, your CIBIL/Credit score will not be affected because the PAN number will remain the same. If you have two distinct PAN cards, however, you should surrender one to avoid any complications.
Obtaining a new PAN Card may also have an impact on your personal loan for CIBIL score of 550. Because your credit score is based on your credit history, which is linked to your current PAN card, this is the case. If you apply for a new PAN, the TransUnion CIBIL database will almost certainly raise a red signal on your account.
Other Influences on Your CIBIL Score
The following are the primary determinants of your CIBIL Score:
1. A Poor Payment Record
Your CIBIL credit score will suffer if you make repeated late payments or fail to pay your EMIs. One of the most crucial variables affecting your CIBIL score is your ability to make on-time EMI and credit card payments.
2. Several Serious Inquiries
If you have recently applied for and been granted for many loans or credit cards, lenders will approach your application with caution because this behaviour implies that your debt burden has escalated, severely harming your credit score.
3. Excessive credit usage
Having a high credit utilisation ratio or frequently maxing out your card indicates that you are overly reliant on credit and have a high payback load, both of which can harm your credit score. It’s a good idea to maintain your credit use below 30% of your overall credit limit. This demonstrates that you are not credit-hungry, and the chances of you defaulting as a borrower are small.
4. The Proper Credit Mix
A well-balanced mix of secured (vehicle or home loan) and unsecured (personal loan or credit card) loans is likely to boost your credit score. It’s a good idea to keep an eye on your unprotected assets.