You can now check your credit score for free in two simple steps. Desi payments giant Paytm has partnered with Experian, a major credit rating agency, to let users check their credit score for free in two simple steps.
Before we proceed further, let us first understand what credit score means.
Simply put, credit score is the measurement of your ability to repay any credits that you have taken. This includes all your loans and credit cards taken in your name.
Credit scores range between 300-900. The closer a score is to 900, the better it is. A higher credit score also makes it easier for you to get loans easily, and often at rates lower than people who have low credit scores.
Paytm has partnered with Experian for offering credit score checks. This service is totally free.
You can check your credit score on Paytm in two simple steps.
Login to the Paytm app on your smartphone.
Open the menu on the left and tap on 'My Credit Score'.
This will open up the My Credit Score page and your details should already be pre-filled. Check them before tap on Proceed.
That's it! Your credit score will be displayed in the Paytm app.
You will also receive your detailed credit score report via email, make sure to keep it safe. Additionally, your credit score will now be visible in this section, so you don't have keep generating your credit report every time.