What is Credit Report: Definition, Components, and How to Get It for Free

Steps to Check Your Credit Report

Follow the steps mentioned below to check your credit report from Paisabazaar:

To check your credit score through Paisabazaar.com, follow the steps mentioned below:

Step 1: In the free credit score form, enter your details such as full name, DOB, PAN, etc. and verify using OTP authentication

Step 2: Click on the ‘Get Your Credit Score’ button and your credit score will appear on the screen

Step 3: Your Date of Birth (DDMMYYYY format) is the password of your CIBIL report

Note: In case you find any discrepancy in your credit report, you can easily raise a dispute with CIBIL. However, for any other queries, you can contact creditreport@paisabazaar.com.

Components of Your Credit Report

• Credit score
• Your personal information
• Payment history
• Detailed information of your loans and credit card accounts including limits and outstanding balance
• DPD, late payments and defaults (if any)
• A list of entities that have made an enquiry for your credit report and the reason for the enquiry (new loan/new credit card, etc.)

It is worth mentioning that your credit report does not include information about your savings, investments, paid or due utility bills, etc. (unlike credit reports in many other countries other than India).  

Cost Comparison of CIBIL, Equifax, Experian and CRIF Highmark

Each credit bureau, TransUnion CIBIL, Equifax, Experian or CRIF Highmark, generates its own report using various scoring models at different costs. Here’s the cost comparison of all four credit bureaus:

However, on Paisabazaar.com, you can check your credit score for free, with monthly updates for free of cost.