Benefits of Credit Health Report

The demand for credit in the market has seen a huge rise recently, which indicates that people are increasingly depending more on credit rather than their own money. This is a good sign because it helps us understand that the buying capacity of an individual has increased in the past decade or so.  Thus, it has become very important to check your credit score. With us, you can get a free credit health report by clicking here.

Now, as a millennial, if you depend on the credit card to make essential purchases, then you must check out this blog!

Also Read: Check free credit score in India

What is the free credit health report?

A free credit health report provides you a detailed data of your borrowings and your expenses, your repayment capability, your financial habits and a lot more. This report ensures that you never fall short on pay dates, miss out on payments and do not fall behind when it comes to maintaining a good credit score and guess what? It’s free of cost when you check it on CreditKaro!

 So, why should you check your credit score regularly? Why is your credit report so important? And why is it important for your financial health? We find out: –

FRAUD IDENTIFICATION

Your credit report is prepared on a monthly basis and is always monitored. Many customers complain about identity theft or fraud with their account, this hindrance is eradicated with the help of your Credit report. Your credit report helps you find any kind of identity theft, mismatched details or fraud related to your account. We are giving out a free credit score check facility if you want to check free credit score online, click here.

MISSED OUT PAYMENTS

There are multiple payments in a month, there is a fair possibility that you might have missed out on one or two of them. Sometimes, between so much work and payment related stuff, it is possible that you might have missed out on a couple of EMIs, this is where your credit report comes into play. Your credit report helps you determine any missed-out payments on time so that you rectify your mistake and make the payment on time.

NEGATIVE IMPACT

These days people handle multiple accounts together, but all of them matter equally when it comes to calculating your credit score. Your credit report helps you to find out the account that has a major impact on your credit score. Suppose, there is an account that you don’t keep a watch on and you have completely forgotten about it, in this case, your credit report helps you to identify that account so that you can work on it.

FREE CREDIT SCORE CHECK

One of the most important factors is your credit score. This three-digit number decides your creditworthiness, thus it is very essential to your financial health. A credit report helps you to keep a track of your credit score so that you stay updated and perform a thorough check before you want to apply for another loan or credit card and at CreditKaro, you can check your score for free because we believe in making your life easier than ever before and nobody minds a free credit health report!

PLANNING THE FUTURE

Your credit report provides you important insights about your financial habits. It indicates the areas you need to improve on, important actions you need to take with immediate effect, accounts you need to close or work on, areas they need your attention and a lot more. This helps you plan the future with more precision. A credit health report tells you exactly where you stand.

Getting a credit report has never been so easy, all you need to do is visit our website CreditKaro.com and click on the tab ‘Check free credit score online’, fill all the necessary details and get a credit report for free!! Before you do that, we recommend you also check out our blog on ‘Factors that can boost your credit score’.  So, go ahead and check your credit report today and start doing your bit for your own financial health.  

Until next time…happy buying!

FAQ:

Q1. What is a credit health report?

Ans: A credit health report provides you a detailed data of your borrowings and your expenses, your repayment capability, your financial habits. It has your credit score which determines your credibility.

Q2. Where can I check my credit score?

Ans: You can check your free credit health report by clicking here.

Q3. What is a bad score?

Ans: Your credit score ranges from 300 to 900. Anything below 650 is generally considered to be a bad credit score.

Q4. What do you mean by ‘credit repair’?

Ans- It is the act of adopting good financial habits in order to rebuild your credit score to a point where it becomes easy for you to apply for loans and other forms of credit.

Q5. Are Credit rating and credit score two different things?

Ans- No. Both the terms are correct to denote a 3 digit number that defines your credit health.

Now you can also check your credit score on the creditKaro app! Click on the link below to download the app now!