Confused about the difference between your credit report and credit score? The two may look more or less the same to new users but they are not. Let’s see how.
Difference between Credit Report and Credit Score
Credit Score | Credit Report |
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Who Provides Credit Reports and Credit Scores in India?
In India, credit reports are provided by various institutions, but the most commonly used is the one provided by CIBIL TransUnion.
Other leading credit reporting organizations that currently operate in India include High Mark Credit Information Services, Experian Credit Information Co. of India and Equifax Credit Information Services. Most lenders consider the CIBIL TransUnion credit report as well as CIBIL score.
Note: At Paisabazaar.com, you can check your updated CIBIL score for free. The score thus reflected shall mirror with the one displayed on CIBIL’s official website.

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Connection between Credit Score and Credit History
There is a direct connection between your credit score and credit report. If your credit report is good, so will be your credit score. A lot of red flags in your credit report are very likely to lower your credit score.
A higher credit score on your report represents a lower credit risk for new credit provided to you and vice versa. Therefore higher your credit score, the greater is your creditworthiness as determined by the bureau and the lower is the perceived risk of lending you more money. So while your credit report contains your entire credit history, your credit score is a summation of the same and acts as a snapshot of your credit history with respect to all past and current debt instruments.
When you apply for a loan or credit card, the lender checks your credit score. It will help them determine the prospective borrower’s credit risk. The closer your score is to 900, the more will be the chances of your loan or credit card application being approved by the bank.
How to Access Credit Report and Credit Score?
To know how to get your credit score, follow the steps mentioned below:
Step 1: To check and download your free credit report, click here
Step 2: You need to enter the following details:
- Gender (Male/Female)
- Full Name
- Date of Birth (DD-MM-YYYY format)
- PAN
- Email Address
- PIN Code
- Mobile Number
Step 3: Now, enter the OTP sent to the mobile number in the pop-up screen
Step 4: Once done, tick mark the checkbox to provide Paisabazaar with the authorization to receive your credit information from credit bureaus
Step 5: Click on the ‘Get Your Credit Score’ button
Step 6: Your credit score will appear on the screen
To know how to access your credit report, follow the steps mentioned above till step 6 and then:
Step 7: Click on the ‘download report’ button
Step 8: Choose the language and month and then click on the ‘download’ button
Step 9: You need to enter the password i.e. Date of Birth (DD-MM-YYYY format)
Step 10: Your Credit Report will be downloaded

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FAQs
Q. How many credit reports can I download and from where?
You can download free credit reports every month and this facility is available for lifetime at Paisabazaar.com.
Q. How many credit reports are provided by CIBIL every year?
One CIBIL Score and Report is provided by CIBIL without any charge every year.
Q. Do I need to provide my PAN to access my credit score?
Yes, it is mandatory to provide your 10-digit PAN number to access your credit score.
Q. My CIBIL Score is 450. How can I improve my score?
To improve your CIBIL Score, you must keep the following things in your mind:
- Pay your dues on time
- Keep your credit utilization ratio low
- Maintain a healthy credit mix
- Regularly check your credit report
- Keep your old accounts opened
Q. What should be the ideal CIBIL Score for loan/credit card applications?
There is no minimum CIBIL score mentioned by lenders for approving the loan application. However, a Credit Score above 750 is usually considered good for availing a loan/credit card.

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