How To Check Free Credit Score Online - Magzinenow

How to Check Free Credit Score Online


Comprising three digits, a credit score describes a person’s creditworthiness and influences the interest rate, loan approval, and loan amount. It is commonly known as the CIBIL score, and the range lies between 300 and 850. Higher credit scores benefit borrowers as they decrease the potential risk associated with them. Credit score depends on factors such as credit history, which considers debt and repayment levels, and the number of accounts open at a specific time. The new debt, timely payment of loans and bills, credit mix, and utilization ratio influence the credit score. Four significant bureaus compute the credit score and are considered by finance institutes, non-banking financial companies, and banks. They are Equifax, CIBIL TransUnion, Experian, and CRIF High Mark and are responsible for the collection, analysis, credit score generation, and provision.

How to check my credit score for free?

It is possible to Check CIBIL Score Online for free by providing minimal relevant information easily. The facility can be availed through the CIBIL website, Whatsapp, and CIBIL scores app. 

Follow these steps to check CIBIL score online.

  • Visit Wishfin’s website.
  • Click on the Cibil Score tab on the home page.
  • Enter your PAN card number
  • Provide the following details.
    •  First, middle and last name (as per your PAN).
    • Date of birth
    • Email address
    • Mobile number
  • Click on Submit, and the screen will display your credit score. 

Adhaar details can also be used instead of PAN details for Credit score generation and report download.

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The facility to check CIBIL score on Whatsapp can be availed by giving a missed call on the number +91827151151. It will be followed by a Whatsapp message requesting Full Name, PAN number, residential address, and email id. Users can also download CIBIL score App for hassle-free methods to check the CIBIL score online. Download the app and enter the details as stated above to get the CIBIL or credit score.

Credit score range interpretation

With a general credit score ranging between 350 to 800, sometimes there can be values of -1, 0, 1, and 5. The interpretation of these credit scores is as follows.

Credit ScoreStrengthInterpretation
1-5Risk IndicatorHigher values indicate less risk, while lower values indicate a high risk of lending money to a borrower.
-1NA or Not AvailableCredit history is either unavailable or insufficient for calculation. The latter case may arise when there are less than six months of records.
0NH or No HistoryThere is no credit history record.
300-549PoorThis score does not favour loan applications. It indicates the user’s late payments on loans, EMI, and credit card bills and states the high risk of the borrower turning defaulter.
550-649FairThe fair status indicates users’ efforts to clear their instalments and dues. At this score, loans can be granted at steep rates by lenders.
650-749GoodThe credit score of 650-749 is a testimonial of timely paybacks. However, it requires further improvement. The status will provide good offers but not the best ones.
750-850ExcellentIt is the best credit score that will let you have competitive interest rates and higher loan amounts. Such a score indicates the user as a low-risk borrower and eases further procedures.

Actions leading to a decrease in credit score

Apart from late payments, there are other factors negatively impacting the credit score, such as:

  • Regular late repayments on credit cards
  • Charge off’ status decreases the score
  • Not paying third-party debt collectors, loan amounts, and credit card bills
  • Closing the credit card due to excessive amount of bills 
  • Declaring oneself bankrupt without understanding the effect on credit score
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To summarise, credit scores play a crucial role in availing of financial assistance. Wishfin provides the facility to check CIBIL scores online through the website, Whatsapp, or Cibil Score App. Minimum relevant details are required that state the credit or CIBIL score in a few seconds based on TransUnion CIBIL, which is considered the gold standard.