Check Your Credit Score Instantly For Free!!
Know your Credit score online for free with GRV Fincrop - At absolutely zero cost.
Get your Credit Score in 3 simple steps
Enter personal details
Ensure it matches your ID proofs
Verify your mobile number
Enter the OTP sent on your mobile
View your Credit report
Check out the best loan offers for you
Enter your details to check free credit score
How do Credit Scores Work?
here is a vital role of credit score in impacting the financial life of the user. It helps the lenders in decision-making, whether they should offer credit to the users who apply for a loan or not. In case, if the credit score of a user is below 650, then usually the applicant would fall in the category of subprime borrower i.e., where the credit risk is high for the lender. Because of high risk and some negative factors in the credit reports, generally, such loans are ende up with a comparatively higher rate of interest.
On the other hand, if the credit score of a user is 650 or above then it is regarded as good. With a good credit score and no defaults in the credit report, there are high chances of loan application approval with competitive interest rates. When the credit score is more than 750, then it is considered an excellent score.
Nowadays, it is so easy to check credit score online. Many websites offer free credit score check services where users can check their credit score and understand what improvements they need to make in order to boost their credit score for getting quick approvals on loan applications.
How to improve a credit score?
Timely Payment of Bills
People seeking home loans need to pay their bills on time as it can bring an obvious difference in their credit score.
Not to close or de-activate any Credit Card Account
Some people have credit cards but they do not use them. In that particular case, people should not close or deactivate their credit card accounts, rather, they must stop using these credit cards. Even to improve scores, they must split their expenses evenly between two cards. It will help in decreasing the card utilization rate.
Increase the Credit Line
In case the users have a credit card account, then they must try to get a credit limit increase. If the account holds good standing then the credit limit can be increased. However, the users must not spend this amount as it will help in keeping the credit utilization rate low.