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  • How to Improve Your Experian Credit Report

    We know that the main aim of the credit information companies is to help banks and financial institutions ensure that the loans and credit that they hand out don’t end up in a loss. To ensure this from happening what credit information companies like Experian do is to collect information about a person’s financial habits and present that in the form of a credit report to banks and NBFCs. Over time this report has become a crucial factor in deciding the creditworthiness of a person applying for a loan and that is exactly why you need to keep your credit reports health. It is very important that the credit report you present to a bank is good. There can be times when some red marks might end up on the report but they are not permanent and can be dealt with and here is how you can do that.

    Tips to improve the Experian credit report

    Improving a credit report is no rocket science. All it calls for is a bit of discipline and a bit of caution. If you were to keep the following points in mind you can be well on your way to a good report. However, before you get started you might want to get your Experian credit report so that you know what exactly is wrong with it.

    • How you repay your credit is a major contributing factor to the report so ensure that you make payments towards your credit cards and loans on time.
    • When it comes to taking credit, it is best not to take too much as it might indicate to a bank that you may not have too much of a capacity for yet another loan or credit card.
    • If you see that your payments are not being made on time, a fact that will be indicated on the report by a number that indicates how many days was that payment delayed, check with your bank about the reason for the delay. If the delay is from your end, make sure you don’t let it happen repeatedly.
    • If you see a credit account on your report that was closed earlier, raise a query with Experian and get the information rectified.
    • While Experian will make every effort to ensure that the credit reports are accurate, there are times when there can be a few mistakes in the information contained in them. To counter this, the best thing to do is to check your report regularly and make sure all disputes about its contents are resolved at the earliest possible.
    • Should you apply for a credit product like a loan or a credit card and it gets rejected, do not keep applying to other banks for the same product since each query from the bank will be recorded in the credit report and be visible to the other banks.
    • If you want your report to improve, another thing you can do is to use your credit cards very sparingly. If you come too close to your credit limit too often, it reflects poorly on your score.
    • If you have a situation like the loss of your job or a death in the family or even an illness, which precludes you from keeping up payments, get in touch with the banks you have taken products from. They might be able to help by providing solutions that could ease the payment burdens on you. Do Not let your payments go into defaults since those just ruin a credit report.

    Experian assigns a score of 300 to 900 based on the credit information that they get from their members. Should your score start approaching 300, it would be wise to implement these steps to ensure that the score improves over time. Should you ignore your credit report, you may land up in a situation where your credit report will deteriorate and prevent you from taking fresh credit when you really need it.

    News About How to improve your Experian Credit Report

    • Applying for a Home Loan? Know Your Credit Score

      When you are applying for a home loan, you need to consider several factors like credit score, pre-approved loan, EMI calculation among others. The first thing lenders check when you apply for a loan is your credit score. It helps lenders like banks and non-banking finance companies measure your ability to repay the borrowed sum. A credit score is a numerical presentation of your creditworthiness. It is computed by credit bureaus after taking into consideration factors like credit history and repayment behaviour. A credit score ranges between 350-900. Majority of lenders consider credit scores of 700 and above as ideal. If you have a high credit score, you become eligible to get a loan and credit card. Moreover, several lenders offer preferential pricing for interest rates on loans to customers with a high credit score. With a high credit score, you are also in a position to negotiate for discount on loan as well as waiver for processing fees and other charges. There are several banks that offer up to 10 basis points lower interest rates to people who have high credit scores. Lenders trust people with high credit scores as they have a good track record of repaying the credit.

      27 February 2019

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    Credit Report Reviews

    • Experian Credit Report
      "Experian credit report"
      0.5 5.0/5 "Blown Away!"
      I checked my credit score in bankbazaar web site ,it has given score with in span of seconds. I wondered ,it is free of cost for checking. It is really a wonder. Congrats to bankbazaar team members . Thanks a lot once again to all bankbazaar team members
      Was this review helpful? 17
      ,
      Reviewed on Apr 05, 2019
    • Experian Credit Report
      "Realiable credit score"
      0.5 4.5/5 "Excellent!"
      I checked my credit score in bank bazar website. It gave instantly with all my banking past history. It was very much useful. It helped me know my credit status report at no cost . It only required few hassle free clicks and that over.Really appreciable!
      Was this review helpful? 31
      ,
      Reviewed on Mar 24, 2019
    • Experian Credit Report
      "Credit Score Tracking"
      0.5 4.5/5 "Excellent!"
      I am using bank bazaar features from last few years. Service provided by bankbazaar is good when compared to others in the market . Customer service is good and their response is good. One step solution for all you banking needs . A periodic tracking of your credit score is maintained well and kept updated in email as and when new scores arrive .
      Was this review helpful? 40
      ,
      Reviewed on Mar 08, 2019
    • Experian Credit Report
      "Very nice"
      0.5 5.0/5 "Blown Away!"
      Thanks I visited a number of sites on regards in the above matter, but what ever the response I got through bank bazar was marvellous and extra ordinary.... Thanq for providing such easy platform for getting in touch to obtain the debit cards so easily.
      Was this review helpful? 40
      ,
      Reviewed on Mar 02, 2019
    • Experian Credit Report
      "Good service"
      0.5 3.5/5 "Pretty good"
      I am using the services of bankbazaar from last 1 year. I checked my credit score using the mobile app which was user friendly and easy to use. Customer service was good and their response was on time. I found all the information at one place on the mobile app.
      Was this review helpful? 56
      ,
      Reviewed on Feb 26, 2019
    • Experian Credit Report
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have been using the services of bankbazaar from last 5 months. Customer service is fine with bankbazaar and their response was prompt. The website of bankbazaar was easy to use and was user friendly. It was easy to fill the details and check the credit score.
      Was this review helpful? 55
      ,
      Reviewed on Feb 26, 2019
    • Experian Credit Report
      "Good service"
      0.5 4.0/5 "Great!"
      I had received a mail communication from bankbazaar advising me to check the credit score. Though this was my first experience it was simply superb. As far as the level of service is concerned it was good also the response was on time.
      Was this review helpful? 50
      ,
      Reviewed on Feb 26, 2019
    • Experian Credit Report
      "Good service"
      0.5 4.0/5 "Great!"
      I was checking on google for personal loans and then i came to know about bankbazaar. The services provided by bankbazaar was good and their response was prompt. The website of bankbazaar is easy to use and also user friendly.
      Was this review helpful? 48
      ,
      Reviewed on Feb 26, 2019
    • Experian Credit Report
      "Good experience"
      0.5 4.5/5 "Excellent!"
      I was looking out for a personal loan and I ended up reaching this site for checking my credit score. The report was very much accurate and informative too. It hardly took 5 minutes for me to fetch the report. Coming to the website even that was very much user friendly.
      Was this review helpful? 48
      ,
      Reviewed on Feb 26, 2019
    • Experian Credit Report
      "Good experience"
      0.5 4.0/5 "Great!"
      Nothing new nor there was no specific reason for checking the credit score infact this is my first experience. It hardly took few minutes for me to fetch the credit report. The report was very much accurate and informative too. Even the response was equally good.
      Was this review helpful? 42
      ,
      Reviewed on Feb 26, 2019
    • Experian Credit Report
      "Good experience"
      0.5 4.0/5 "Great!"
      I did not encounter any issues at the time of fetching the credit report. I have checked my credit score previously too and I would certainly say it was a good experience. It hardly took 2 to 3 minutes for me to fetch the score. According to me the report was accurate,informative and perfect.
      Was this review helpful? 45
      ,
      Reviewed on Feb 26, 2019
    • Experian Credit Report
      "Good experience"
      0.5 4.5/5 "Excellent!"
      To start off, it was a good experience at the time of fetching the credit score. This is the first time i have checked the credit score because i wanted to get the credit card. Report was accurate and was informative. It was easy to fill the details and get the report. In all it was a smooth process.
      Was this review helpful? 44
      ,
      Reviewed on Feb 26, 2019
    • Experian Credit Report
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I being a Customer of Bankbazaar for the past 1.5 years, thought of checking my credit score on this website. Their customer care executives were kind enough to explain to me about the features and benefits of credit score in detail. I would end up saying that it was a hassle free experience of fetching the credit score.
      Was this review helpful? 53
      ,
      Reviewed on Feb 24, 2019
    • Experian Credit Report
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      Basically, it was through advertisement I got to know about this website. This is my experience and it is the best too. The Customer service has always been a top notch here. Talking about the website it is very much user friendly and it is very easy to use as well.
      Was this review helpful? 49
      ,
      Reviewed on Feb 24, 2019
    • Experian Credit Report
      "Good service"
      0.5 4.0/5 "Great!"
      I came to know about bankbazaar through mails and this was my first time experience. Customer service was good and their response was on time. I am using the mobile application of bankbazaar, it is user friendly and easy to use.
      Was this review helpful? 40
      ,
      Reviewed on Feb 24, 2019
    • Experian Credit Report
      "Nice experience"
      0.5 4.0/5 "Great!"
      This review is all about my experience of fetching the credit score, though I dont have any reason for checking the credit score but it was useful for me. I was able to fetch the report successfully moreover I did not find any discrepancies with the report since it was accurate and perfect.
      Was this review helpful? 47
      ,
      Reviewed on Feb 24, 2019
    • Experian Credit Report
      "Best experience"
      0.5 5.0/5 "Blown Away!"
      Hi all, I am a loan seeker and I wanted to check my credit score and that is why I checked my credit score here. I basically like the outlook and the website design. On top of all that, the report fetched was 100% accurate and it was flawless too..
      Was this review helpful? 51
      ,
      Reviewed on Feb 24, 2019
    • Experian Credit Report
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      The key factor which made to check my credit score was few months ago my credit score was down so i just wanted to check my credit score and I ended up checking my credit score here. Even the website was user friendly. The report was accurate and it was informative too.My experience was completely hassle free.
      Was this review helpful? 52
      ,
      Reviewed on Feb 24, 2019
    • Experian Credit Report
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      Well, I appreciate the efforts taken by Bank Bazaar in providing the credit score feature, in fact it is an excellent idea too. Basically, I got to know about Bank Bazaar through their promotional mails. Therefore I advise all my friends and colleagues to explore all the features and to reap the benefits offered by Bank Bazaar.
      Was this review helpful? 50
      ,
      Reviewed on Feb 22, 2019
    • Experian Credit Report
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I tried fetching my credit score one month back and that is how I started my interaction with Bank Bazaar. It all went well where I had applied for the credit check through internet followed by which, I had received a call from their executives who gave the next steps and finally my credit report was fetched effortlessly.
      Was this review helpful? 51
      ,
      Reviewed on Feb 22, 2019
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