free credit report Archives – Vipin Khandelwal

A credit score and report have come to play an important role in our financial lives. Financial institutions increasingly rely on your credit score to provide loans. A bad credit score number can shatter your plans for that dream home.

Remember, a good credit score is 750+ (out of 900).

Hence it is important to look at your credit report on a regular basis and ensure that it reflects the correct picture. While you can always buy a report from one of the credit bureaus, you can now get it for FREE too.

In 2016, RBI through a notification had asked the credit bureaus to issue one credit score and report to every user on request. This one credit report can be accessed once a calendar year and comes without any cost, that is, FREE.

Finally, after some back and forth, the credit bureaus have started to provide one free credit score and report every year.

I too accessed my Credit Score and Report from CIBIL. There are other players too including Equifax and Experian, however, I feel CIBIL has the most comprehensive records of credit data.

You can also access your free report from other financial websites such as Bankbazaar but they ask you a ton of data which they are most likely storing with them too. Not too comfortable with that.

So, I used CIBIL to get my free credit score and report.

Here’s a step-by-step on how to access your Free Credit Report and Score from CIBIL.

We have lived through times where tedious paperwork defines every single activity related to money and our financial life.

Not just that, access to your own information was a nightmare with several agencies holding various parts of it. Every single time, the responsibility is on you to get it all together and prove that the person in question is you. This dreaded process is also called KYC.

Over the years, the hassles have reduced but not been eliminated. We have greater access to online tools with some organisations promising us completely seamless and paperless experience. We have all had the experience in some measure, small or large.

But I was recently floored by my interaction and experience with the government departments. This includes the Income Tax Department and UIDAI (issuer of Aadhar).

I would like to share some of these super initiatives with you.

This post highlights 5 such initiatives that aim to bring a significant change in the way you will handle your financial life.

I got my Free Credit Score & Report from CIBIL. Have you?

5 ways to make your financial life easier