Free Credit Report vs. Paid Credit Report: What’s the Difference?

A credit report is a detailed summary of your credit history, maintained by credit bureaus such as CIBIL, Experian, Equifax, and CRIF High Mark. It includes below information:

• Your credit accounts (loans and credit cards)
• Repayment history and outstanding balances
• Credit inquiries made by lenders
• Credit score and utilization ratio

A free credit report is ideal for consumers who want to track their credit health without spending money. You can get one free credit report every year from each of the credit bureaus or access your updated report every month through platforms like Paisabazaar. 

Key Features of a Free Credit Report:

• The credit report is available at zero cost
• It can be viewed online instantly
• It offers an overview of your credit history
• It helps you monitor your credit score regularly
• It allows you to identify and dispute any inaccuracies

Check Your Free Credit Report!

A paid credit report usually comes with a subscription fee. It offers in-depth analysis and additional features as compared to the basic free credit report. These reports are ideal for consumers who want detailed analysis and continuous monitoring for professional or business needs.

Key Features of a Paid Credit Report:

• You can download multiple reports in a year
• It offers detailed insights about your credit utilization and score trends
• You can customize alerts for changes in your report
• Platforms like Paisabazaar also offer access to monitoring tools to improve your credit health

Check Your Free Credit Score Now at Paisabazaar!

While both free and paid credit report gives an overview of your credit health, they differ in terms of accessibility, frequency, and depth of information. Here is a quick comparison of free and paid credit reports:

Here is why you should choose Paisabazaar to check your free credit report:

Completely Free: You can check your credit score and receive a detailed report absolutely free, with no hidden charges. You can also refresh it every month to see how your credit behaviour impacts your score.

Instant Access: You can access your credit report instantly after providing basic details, such as name, PAN number, address, and more. 

Personalized Insights: You can get customized suggestions on how to improve your credit score, manage credit cards better, and qualify for the right financial products.

Get Your Free Credit Report!