Curious about Experian credit score meaning?
Read ahead to know about what is Experian credit score and what is a good Experian credit score.
The Experian credit score ranges from 300-900, and a higher score is considered better. But exactly what is a good Experian credit score?
The following table will tell you about the various sub-ranges and the Experian credit score meaning of numbers in that range -
Experian Credit Score Range
750 - 900
700 - 749
650 - 699
600 - 649
Immediate Action Needed
After being clear about what is Experian score and what is good Experian credit score, let’s take a look at the benefits of a good Experian credit score. Here is how a good credit score can help you -
You can check your Experian credit score for free by yourself. Here are the steps you can follow to do the same -
STEP-1: Go to the official Experian website and click on the ‘Free Credit Score’ button on the top left. Click on ‘Register Now’.
STEP-2: On the next screen, enter your mobile number and click on the ‘Send OTP’ button.
STEP-3: Enter the 6-digit OTP on the next screen and click on ‘Verify’.
STEP-4: On the next screen, fill in your details like your name, email ID, date of birth, etc. You can choose any ID type from your PAN card, Voter’s Card, Ration Card, Driving License, or Passport. Enter the number of the selected ID proof.
STEP-5: Finally, click on the declaration checkbox and click on ‘Get Report’.
STEP-6: Your Experian Credit Report will be shown on the screen. You can also download the report by clicking the ‘Download Report’ button.
A credit score is an important factor when applying for loans. Experian credit score is one of the top most used credit scores in India.
Having a high credit score can drastically improve your chances of getting a loan. Thus, you must start working on improving your credit score.
Here are a few tips and tricks for improving your credit score -
But you can still get loans if you have a low credit score. At moneyview, you can get instant personal loans from Rs.5,000 to Rs.10 Lakh with an Experian score of just 650.
Banks may choose to check your CIBIL or Experian score, or both, depending on your type of loan, and their preference.
Yes, the Experian is recognized by both SEBI and RBI and is an accurate score.
A score of 700 and above is considered a good Experian credit score.
Experian credit score is used by banks, NBFCs, and all other lending institutions in India.
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