Uploaded on Aug 6, 2021
Borrowing is dependent on credit score and credit report. While both things serve a single purpose, they are very different from each other. If you are new to borrowing, you must get the right idea about your credit score and credit report. Whenever you apply for a loan, the banks or financial institutions first go through your credit score and report to offer you an approval or denial. It will be helpful in understanding your financial stability and health before you go out and borrow. Visit Clix Capital to get your credit score checked for free online. https://www.clix.capital/check-credit-score/
Credit Report vs. Credit Score What’s the Difference
Credit Report vs. Credit Score: What’s the Difference? Whenever you apply for a loan, the banks or financial institutions first go through your credit score and report to offer you an approval or denial. It will be helpful in understanding your financial stability and health before you go out and borrow. Visit Clix Capital to get your credit score checked for free online. Credit score • A credit score is a simple three-digit number that represents your credit activities and credit records. After considering the entire credit journey, the score is given. A minimum of 350- 900 score range is given in a credit score. This score helps in understanding the credit background and the financial stability of an individual. Apply For home improvement loans. Credit report A credit report is a full-detailed statement that has every detail about your credit account, payment, debt, repayment transactions, number of borrowing, number of rejections, credit cards, bills, accounts, credit age, and availability of credit limit. This detailed statement has everything from your first credit activity to the present day. This report helps in giving the credit score. When you visit a website to credit score check free online, you will find every small and big transaction is mentioned there. Credit score vs credit report • A credit report is a detailed report of all the credit activities undertaken by an individual. It has all the details of the credit background. Based on this, the credit score is given. A credit score is a reflection of the credit report. While borrowing, the credit report is checked and also the credit score. Visit Clix Capital for a free credit score check. • Error detection: A credit score will not give you any idea about any sort of error. However, when you check your credit report, you can email detect errors if any. This makes a credit report very important, as errors can give you a bad score without your involvement. Wrapping up • There are various websites that have a free credit score check option. It will help you understand your financial stability and your ability to borrow. Make sure you have your credit score checked free online regularly to open up opportunities and get approval. Clix Capital Services Pvt. Ltd. Address: 901b, 9th Floor, Two Horizon Centre, DLF Phase V Gurgaon, Haryana, India – 122002 Phone Number: 1800 200 9898 Website: https://www.clix.capital/check-credit-score/
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