More than 25% consumers in India have their credit scores below 700 making it difficult for them to avail various credit products. It may not be easy for everyone to understand the credit report and figure out issues that may have impacted their credit score over time. To help them understand their credit report better, Paisabazaar has introduced PB VCR (Video Credit Report), an industry-first feature that converts your credit data into a personalised video.
The PB VCR explains your score, the factors affecting it, and what steps you should take to improve your credit health, all in simple language. It doesn’t matter if you have been tracking your credit score for long, are new-to-credit or have taken a credit product recently, PB VCR shall help understand your credit profile better.
What is PB VCR?
Paisabazaar Video Credit Report is an AI-powered Video Credit Report that decodes the complex credit data into a personalised explainer video. The video explains your current score, how it has changed over time, how this change has impacted your credit score and helps understand the elements helping or hurting your creditworthiness.
| Instead of reading through the long Credit Report, you can utilise the PB VCR as a simple visual summary to stay informed about your credit health and take actions, if required. |
Top Features of Paisabazaar’s Video Credit Report
1. AI-Powered Personalisation
PB VCR is not just a screen reader, it is an optimised version of your credit report that analyses your credit data and creates a custom video explanation based on your profile.
Whether it’s a missed EMI or repayment, high credit utilisation, or a strong repayment track record, the video focuses on what’s relevant to you, so you’re not overwhelmed with generic insights.
2. Mobile-friendly Experience
The PB VCR is developed keeping today’s users in mind who want to get hands-on information on-the-go. It is fully accessible via the Paisabazaar app or mobile browser. There is no need to open the detailed PDFs or interpret data, just tap on the video and find out about your credit report. Whether you’re commuting or relaxing at home, Paisabazaar has made your credit report accessible and it’s as simple as watching a reel.
3. Actionable Credit Tips
Your PB VCR comes with actionable insights on what to do next. You get to know what’s improving your score (like timely repayments) and what’s pulling it down (like high credit card utilisation). Thus you get practical and easy-to-follow tips to help improve your credit score faster.
4. First-of-its-kind in India
PB VCR is the first AI-powered video credit report in the country. It enables one to move ahead of the traditional static reports towards a visual-first, intuitive format to understand credit data. This leap is aimed at making credit awareness simpler and more engaging for millions of Indians.
5. Integrated with Credit Health Report
PB VCR is part of Paisabazaar’s Credit Health Report which is a subscription-based service that helps track your credit scores from multiple bureaus on a single platform. This video tool complements the CHR by helping you understand your scores better and learn how your credit actions have impacted your credit score.
Suggested Read: Various Credit Awareness Initiatives by Paisabazaar
How to Access the PB VCR
As PB VCR is a part of the Credit Health Report, you will have to first subscribe to the service which can be availed for one-day, monthly and yearly.
Once your subscription gets activated, you can see the option of PB VCR in your CHR dashboard.
When you click on this element, your video is generated instantly and available for watching.
This service can be availed on your Paisabazaar mobile app or through the website.
Important Points Related to PB VCR
- Your credit score doesn’t get impacted when you watch the PB VCR.
- Your VCR gets refreshed every month with the latest data provided in your credit report.
- The video is available in easy-to-understand Hinglish (Hindi+English) language.
- You can watch the VCR as many times as you want till the subscription is active.
- You can rate the PB VCR and share your feedback with us for improvements in future.
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