Experian Credit Score & Report

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You can check your credit score from Experian for free on Paisabazaar. Your credit score from all 4 bureaus including Experian is refreshed every month, helping you monitor it seamlessly.

Experian is one of the four major credit bureaus operating in India that calculates and generates credit scores and Credit Information Reports (CIRs). When you apply for a loan or credit card, lenders review your credit report to evaluate your repayment capability.

What is an Experian Credit Score?

Your credit score from Experian is a 3-digit number, calculated and maintained by Experian Credit Information Company, one of the four RBI-licensed  credit bureaus in India. Your credit score reflects your credit behaviour. While checking your credit report for loan/credit card approval, the lenders consider your credit score as an important factor in determining your eligibility. It can check your credit score from any of the credit bureaus; hence, it is key to keep a track of your credit scores across all 4 bureaus.

Your credit score is calculated considering the following factors:

• Repayment history
• Credit utilization ratio
• Total debt and active accounts
• Length of credit history
• Number of credit inquiries

A good credit score shows responsible credit management, which increases your chances of credit card or loan approval at lower interest rates.

Experian Credit Score Range & Meaning

Experian credit score ranges from 300 to 900. The table below showcases the detailed Experian credit score range and what it signifies:

Note: These credit score ranges (i.e., Excellent, Good, etc.) are based on Paisabazaar’s own criteria and are generally accepted in the industry.

What does Experian Credit Report Include?

• Personal Information: Includes name and address, date of birth, gender, email id, mobile number, etc.
• Experian Credit Score & Summary: Experian credit score and detailed credit report summary.
• Credit Account Details: All credit accounts, type of credit, current balance, loan details, etc.
• Payment Details: Payment history or DPD, details of any prior defaults on credit card dues/loans, etc.
• Credit Enquiries: Recent enquiries made by various financial institutions based on your credit applications.
  

Suggested Read: What Are the Benefits of a Good CIBIL Score?

Why Check Your Credit Report Regularly?

• Lenders use it to assess your loan or credit card eligibility. Therefore, having a positive credit history can increase your chances of approval.
• It helps you understand your borrowing pattern and repayment behaviour.
• Regularly checking your report helps you spot and correct any inaccuracies.
• Tracking your credit report helps you take steps to improve your credit score over time.

How to Check Your Credit Score from Experian for Free?

You can download your Experian credit report either directly through Experian’s official website or through Paisabazaar that enables you to monitor your credit health.

How to Raise a Dispute with Experian?

You can file a complaint online with Experian, in case there are discrepancies/errors in your credit information report, by following the steps mentioned below:

1. Log in to your Experian account.
2. Go to the “Dispute” tab and click on “Raise a Dispute”.
3. Fill out the details of the dispute you wish to raise.
4. Click on “Submit,” and you will receive a tracking number after your dispute request is submitted.

This tracking number can be used for further communications with Experian India. After submission, you should receive a response from Experian India within 48 hours.

Actual rectification/dispute resolution may take longer depending on the complexity of the issue. But the bureau generally resolves an error within 30 days of raising the dispute, after which it is liable to a fine for delay in resolution.

For more details, click here.

Why Check Your Experian Credit Score from Paisabazaar?

• Check & Compare Credit Scores Across All Bureaus: You can access your credit scores from CIBIL, Experian, CRIF High Mark, and Equifax in one place, quickly and seamlessly.
• Get Personalized Offers: With a strong credit profile, you can get pre-approved credit card and loan offers from leading banks and NBFCs.
• Improve Your Credit Health: Our Credit Advisory (Credit+) Service provides insights and a personalized plan to help you boost your credit score along with detailed analysis and expert recommendations.
• Credit Score Predictor: You can see how different actions impact your credit score and understand the effects of responsible or risky credit behavior.
• PB Assist (AI Chatbot): This AI chatbot can help you make informed credit decisions through instant and tailored solutions.
• PB Video Credit Report: You can get a visual explanation of your credit profile through an easy-to-understand video, with clear insights to help you build and maintain a good credit score.

Check Your Free Credit Score!
Paisabazaar allows you to check and track your credit score from multiple bureaus, including CIBIL, Equifax, and CRIF High Mark, all in one place.

FAQs on Experian Credit Score & Report

What is the Experian Report Number (ERN)?
Experian Report Number (ERN) refers to a 15-digit unique identification number present on the top right of your credit information report. You need to quote this number on any communication with the credit bureau, as it uses it to validate your information.

What is the password to open my Experian credit report?
You don’t need a password to open your Experian credit report. It is accessible to you by default when you download it from the official account. When downloading your Experian credit report from Paisabazaar, your document is password-protected, and you will have to enter your date of birth as a password in the format DDMMYYYY.

How often is the Experian Credit report updated?
Generally, member financial institutions submit data related to your credit profile every fifteen days. For example, Bank A might submit an update to Experian on the 1st of every month, while Bank B might submit an update on the 10th of every month. Hence, your credit report gets updated twice every month as soon as the data gets uploaded to its database by the financial institutions.

Does Experian credit score change with monthly updates in the credit report?
Yes, your credit score may change with every update in the credit report. For example, your score may increase on paying off a loan or may decrease on missing loan EMIs.

How many times can I check my Experian credit report?
You can check your latest Experian credit report every month at Paisabazaar for free. However, if you want to check it from the official website, you get one free credit report every year as directed by the RBI. For subsequent inquiries, you will have to pay a subscription fee set by Experian.

How Experian credit score is different from CIBIL credit score?
Both credit reporting agencies, Experian and CIBIL, get the same credit information from lending institutions. But the score may differ based on the calculation module each credit bureau follows.

Is it possible for inaccuracies to exist in my Experian credit report?
Yes, there are possibilities of errors in your credit report in the form of faulty or mismatched information, inaccuracies, duplicity, etc., in your credit record. For this, you should regularly monitor your Experian credit report for errors and resolve them at the earliest to avoid any dip in your credit score.

Can I check my Experian credit score through WhatsApp?
Yes, you can check your Experian credit score through WhatsApp by sending ‘Hey’ from your registered mobile number to Experian India’s WhatsApp number +91-9920035444. You can also receive your full credit report, as well as regular updates on your credit scores, on WhatsApp, as well.

How often does Experian update my credit score?
Experian updates your credit score at least once a month, as per the consumer credit information provided to them by the lending institutions. If your lending banks and NBFCs report your payment history more frequently, then your credit score may change more often.

Will checking my credit score result in a lower score?
No, checking your own credit score and credit information report constitutes a soft inquiry, and this does not impact your credit score in any way. You can check your credit score as many times as you want, and you can do it for free at Paisabazaar.

Why do I not have an Experian credit score?
You may not have an Experian Credit Score if you’re new to credit (never taken a loan or credit card), have recently gotten your first credit card, or are an add-on card user instead of the primary cardholder.