New Delhi, Business Desk. Online payment app Paytm is now giving users the facility to check the credit score on their app. Here users can view their detailed credit report for free, including information related to active credit card and loan account. Also, users will be able to compare their credit rating with others at any city, state and national level.
A credit score is like your financial report. A credit score is a three-digit number that ranges from 300 to 900. A credit score indicates a person’s eligibility to take a loan. A high credit score means that the person has a good credit history and is responsible for the repayment behavior of the individual. A 750 is considered a good credit score.
The better a person’s credit score, the greater the chances of getting his or her preferred loan deal. Also, the process of loan application of such people is also completed fast. According to Paytm, users can find their credit score through three steps on their app in just one minute. In addition, Paytm is also offering a special credit education section, where anyone can learn tips to increase their credit score.
Check your credit score like this on Paytm
Step 1. Login to the Paytm app and click on the ‘show more’ icon on the home screen.
Step 2. Select the ‘free credit score’ option from this section.
Step 3. Enter your pen card number and date of birth here. If you are a new user, then OTP will be sent for verification.
Through this process, users can immediately check their credit score. No fee is also payable for this. Users can further get their CIBIL credit report by going to the ‘All Loan and Credit Card Accounts’ option.
Source: www.jagran.com
