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/
Comments