Cancel at any time no partial month refunds. Any defaults or late or missed payments are also recorded under this section. We monitor your Equifax credit report, provide you with alerts, and help you recover from ID theft so you can focus on living your financial best. Account Information This section details your credit details, such as the name of the lenders, type of loan (car loan, home loan, credit card, personal loan etc.), loan amount, date of availing credit, last payment made, outstanding payment, and month-on-month record (for three years) of your payments.If you have made too many loan enquiries in a short period of time, lenders will stay cautious while viewing your loan enquiry. Enquiry Information This section provides details of the credit enquiries you have made, the name of the prospective lenders, the date or enquiry, enquiry purpose and loan amount.Contact Details This section gives your address, mobile number, landline number, and email ids as reported by different banks and financial institutions.Employment Information It shows your income details as reported by the banks at the time of loan application.If your score is in the top range (730), it means. Personal Information This section contains information such as your name, date of birth, gender, Permanent Account Number (PAN) etc., as reported by the banks. While a good credit score doesnt guarantee you a loan, it gives lenders an idea of how you manage credit.Credit Score The first section shows your Credit Score, which reflects your credit health or creditworthiness.You are advised to improve your credit score if you are in this range. You will be considered a borrower with very high risk and may face difficulty in availing credit. This rating suggests that the borrower has a bad credit history, such as missed or late payments, high credit utilisation, loan defaults, etc. With this score range, you may avail of credit products such as loans or credit cards, but you may be offered higher interest rates. Lenders consider this score unfavourable as it indicates a high-risk level, as the borrower may have defaulted on some payments or has had high credit utilisation. You may not qualify for a favourable interest rate, but you may receive credit from the lender at a higher interest rate. ![]() It indicates a balanced credit history the borrower, which means the borrower has a decent credit history with fair credit management. Generally, 80% of potential borrowers get the loan if they have a credit score above 750. It indicates that you have a strong credit record with timely payments and a low risk of default. If you have a credit score above 750, lenders consider it favourable. You will be considered a very low-risk borrower and may receive the best loan offer. It is the highest credit rating given by Experian, which indicates that the borrower has never defaulted on any payment.
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