All FAQs

If you find incorrect or unfamiliar information in your Credit Report, you should raise a dispute with the relevant credit bureau and, where applicable, the concerned lender or financial institution. Correcting inaccurate information can help ensure that your credit profile reflects your actual credit history.

Closing a credit card can affect your credit profile depending on factors such as your overall credit utilisation, credit history and other active accounts. Before closing a card, it is advisable to consider how it may affect your overall credit profile.

There is no fixed timeframe for improving a Credit Score. It depends on your existing credit history and the actions you take to improve it. Consistently making timely payments and maintaining responsible credit behaviour can help strengthen your credit profile over time.

A low Credit Score may make it more difficult to qualify for a loan or may result in less favourable terms. However, loan approval depends on several factors, including income, repayment capacity, existing liabilities, employment or business profile and the lender’s eligibility criteria.

It is a good practice to review your Credit Report periodically. Regular checks can help you monitor your credit history, identify incorrect information and detect any unfamiliar credit activity that may need to be reported to the relevant credit bureau.

Checking your own Credit Score is generally considered a soft enquiry and does not typically reduce your score. However, multiple applications for credit within a short period may result in hard enquiries, which can affect your credit profile.

You can work towards improving your Credit Score by paying EMIs and credit card bills on time, keeping your credit utilisation under control, avoiding unnecessary loan or credit applications and regularly reviewing your credit report for errors.

Credit Score ranges can vary depending on the credit bureau and scoring model. Generally, a higher score indicates a stronger credit profile and responsible repayment history. Lenders may have their own minimum score requirements.

A good Credit Score can improve your chances of loan approval and may help you access better loan terms. Lenders generally consider your credit score along with your income, existing obligations, repayment capacity and other eligibility criteria.

A Credit Score is a numerical representation of your credit history and repayment behaviour. Lenders use it as one of the factors to assess your creditworthiness when you apply for a loan or credit facility.