Before making any decision, lenders check your credit report and credit score. If both are in satisfactory condition then only lenders consider taking your loan or credit card application for the further process. Do you know how your credit scores or credit report are different? If not, Apoorvaa is letting you know the difference between credit score and credit report.
Your credit score is a 3 digit expression of an individual’s Credit Report and measures the credit risk based on the information given in the Credit Report. Whereas Credit Report is a summary of an individual’s Credit History and acts as a reference.
FICO Score is most commonly used. In India Credit Score ranges from 300 to 900 and above 750 Credit Score is considered as an excellent Credit Score. Whereas In India four Credit Bureaus TransUnion CIBIL, Experian, Equifax and CRIF High Mark make and format Credit Report.
Credit Score is provided solely based on the information available in a Credit Report. Whereas Credit Report is a stand-alone document.
5 factors are considered while calculating Credit Score which are amount owned, payment history, mix of credit, new credit and length of credit. Credit Score above 750 are considered an excellent Credit Score and those having such Credit Score are considered to be Creditworthy. Whereas A Credit Report contains all the information regarding an individual’s credit accounts both current and past. The Credit Report also contains details such as current balance, loan amount, history of payment, and so on.
Now you are clear with credit score and credit report. Have you checked yours? Not yet, let’s contact Apoorvaa and get your credit score and credit report.
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Apoorvaa Foundation came into existence to ensure credit healthy and wealthy life to each and every one. We support our clients in terms of upgrading credit score, to clear problematic credit history and to those who have no history or zero history at the same time we support banks to clear out NPA accounts.
How do we help you? Our Certified Credit Counselor looks into your matter to provide you free counseling that further enables you to get a Credit Information Report and Score to identify any discrepancy. Our Certified Credit Counselor additionally creates a roadmap for you to take necessary actions to resolve discrepancy with best possible solutions in minimum time. At Apoorvaa we focus on transparency and confidentiality to serve you and protect your data with utmost care and will neither share your data nor sell it. This is our business ethic that makes Apoorvaa the best credit rectification brand. We stand by you on each and every path to uplift your credit life. Our 100000+ Satisfied Clients are the best recognition and that make us satisfied.
Apoorvaa Foundation is India’s 1st Credit Rectification Organization and pioneer in this unique concept which is working independently and neither works as collection agent nor commission agent.