A credit report is a summary of your credit history. Your lender i.e. banks and non-banking financial institutions provide information regularly to credit bureaus which in turn compile the information received from multiple lenders into one credit report. Paisabazaar offers credit report from all four credit bureaus of India i.e. CIBIL, Equifax, CRIF Highmark, and Experian. Read further to know more about Credit Report from Paisabazaar.com.
What is a Credit Report?
A credit report comprises your credit history with detailed information of credit accounts (credit card and loans), bankruptcies and late payments (if any). It consists of a credit score that is referred by the lenders to check your creditworthiness when you apply for a loan.
When you download your credit report from Paisabazaar, you are provided with two options: first, Basic Credit Report, which is free of cost that includes your credit score and account information and second, Credit Health Report (worth Rs. 1299), that includes credit score, account information, score factor insights, portfolio mix analysis, and curated recommendations.
Steps to Download Credit Report from Paisabazaar
Follow the steps mentioned below to download 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: Choose the language and month and click on the ‘Download’ button to download your credit report from different bureaus
Step 4: 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.
Key Details Included in Credit Report
- Credit score
- Your personal information
- 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:
| CIBIL | CRIF Highmark | Equifax | Experian |
| Rs. 550 | Rs. 399 | Rs. 400 | Rs. 399 |
However, on Paisabazaar.com, you can check your credit score for free, with monthly updates for free of cost.
Frequently Asked Questions
Q.Can I get my Credit Report corrected in case of any error?
Yes, you can get errors corrected in your credit report by raising a dispute. Moreover, if you have raised a dispute with a respective bureau for more than 90 days, you can also write to Paisabazaar at creditreport@paisabazaar.com for further assistance.
Q.What does STD mean in a credit report?
STD in credit report stands for Standard which implies that the payments were made within 90 days.
Q.Is my credit report password protected?
Yes, to download your credit report, you have to enter a password which is your date of birth (DDMMYY).
Q.How will I get the update of my credit score?
You can get the update of your credit score every month through email and WhatsApp. You can also take the assistance of Amazon Alexa or Google Assistant to know your latest credit score.