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Fit.Credit Free Credit Score Check and Improvement

# Fit.Credit helps you to check and improve your credit score for free.Our app exists to help people find thei...

Free

Store review

# Fit.Credit helps you to check and improve your credit score for free.Our app exists to help people find their way around the concept and importance of having a good credit score (क्रेडिट स्कोर).



Checking credit score on Fit.Credit won’t affect your credit score at all.

यह ऐप आपके क्रेडिट स्कोर को प्रभावित नहीं करता है

## Why should you download the Fit.Credit app?



» Free credit score and report
» Enquiries made from the app won't affect your score negatively
» Set payment reminders to clear your dues on time
» Store your financial documents with Fit’Credit’s FinFiles
» Improve your credit score and health from our customised insights

Get your free credit score and report from Fit.Credit and know where you stand before applying for a loan or credit card.💳

## FAQ: Credit Score


### 1. What is the credit score?



→ A credit score showcases a consumer’s borrowing power or creditworthiness. The score can be anything between 300 and 900 depending on your credit history-- total debt, types of credit, and repayment history. It allows banks to evaluate a borrower’s eligibility to repay a loan. A higher score increases a prospect's chance of getting a loan with less interest.

Credit grantors look for your payment history, amounts owed, length of credit history, credit mix, and new credit.

There are four major credit bureaus in India:
a. TransUnion CIBIL
b. Equifax
c. Experian
d. CRIF High Mark

All the credit bureaus have their own algorithm to calculate the credit scores of individuals or businesses. Fit.Credit app provides you with the CRIF score the same way you check for free cibil score. It then helps you find gaps in your credit report and helps you fix them.

### 2. What are the different credit scoring ranges?



→ A credit score helps lenders or financial institutions analyse the risk of lending money to a prospect. In India, the score ranges from 300 to 900.

a. Great: 750 to 900
b. Good: 650 to 749
c. Average: 550 to 648
d. Bad: Below 549

### 3. What is a good credit score in India?



→ In India, 900 is the maximum score set by credit bureaus. Any score above 700 is good. A bad score will affect your chances of getting a loan. Hence, it is necessary to clear your EMIs or monthly installments and credit card bills on time.

### 4. Why is a good credit score important?



→ A good credit score simplifies your financial life and helps you save a lot of money. Here are some of the benefits:

a. Faster loan approvals
b. Increases your chances of getting a credit card
c. Low-interest rates on loans and credit cards
d. More negotiating power

Any missed payments and high credit utilisation will impact your credit score.

### 5. How to improve your credit score?



The credit score depends on various factors like the number of hard enquiries, account mix, credit utilization, and payment history. Consistency with your payments over time can help improve your credit score.

### 6. Does a bad credit score affect employment opportunities?



Some organisations might be interested to know their candidate’s financial health.

### 7. How much does it cost to get your credit score?



With Fit.Credit’s free credit checker, users can get their numbers for free.

### 8. How often is the credit score updated?



Credit institutions often submit their report within 30 to 45 days.

### 9. Is Fit.Credit a loan app?



No. Fit.Credit is a free credit score checker app which helps you track your credit score, and knowing your numbers will help you fast-forward your loan or credit card application.

### 10. Does Fit.Credit store personal information?



→ No, we don’t store any personal information. Your financial profile is safe with us.

Made with ❤️ in India.

Install Fit.credit now, the best credit score checking app

For queries, please contact: hello@fit.credit

Last update

July 8, 2021

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