What are Paytm Credit Points? How to Check Your CIBIL Score For Free:- Paytm is a popular digital payment app that does many things like mobile recharge, bill payment, train tickets, bus ticket booking, etc. It also works like an e-wallet i.e. you can save your money. You can add Paytm to Paytm and do many things like mobile recharge, bill payment, bus and train ticket booking, online payment, etc. in Paytm. You can open the account and for that, you do not have to go to any branch or center, but you can open a bank account for online payment in a few minutes with an Aadhar card and a PAN card.
And BHIM Upi option is also available in this app. UPI (Unified Payment Interface) is a very fast and secure way of digital payment, so you can transfer money to anyone in seconds and you can also receive money, apart from this Paytm also added the Paytm Credit Score feature in your app, but what is this credit score?
If most people don’t know, I would say that whenever you apply for a loan, first of all, your credit score is checked, if your credit score is good, there are more chances of getting approved for your loan. Due to bad credit, the loan application is also often rejected by most people.
What is a credit score? What are CIBIL points?
A credit score is a numerical expression that relies on analyzing the level of an individual’s credit files to represent an individual’s creditworthiness, in simple words, the credit score shows the companies from which they borrowed. All this information is known by credit score also called CIBIL score, i.e. bank and company before giving a loan to anyone a CIBIL score. Checks are between 300 to 900, and CIBIL between 300 and 550 is considered the worst.
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A score between 550 to 650 is considered average and 650 to 750 is considered good and a CIBIL between 750 and 900 is considered very good, but why is a CIBIL score bad or good, it depends on your credit, ie you borrow money from someone and pay on time And borrowed longer.
So your credit score remains good, on the contrary, if you do not pay on time when you take a loan from someone, it will have a negative impact on your CIBIL, and even if you take a loan from any application and loan sites on the Internet and this site and application checks Also from your CIBIL score and even then it accepts and rejects your loan application.
What are Paytm Credit Points?
In Paytm users get the option of credit score, as I said your credibility is a numerical expression that shows your credit history, but now many people will have a question about what credit score can be increased further. If yes, then it is possible for anyone to be able to check their CIBIL scores on the CIBIL website.
But for this, you have to get a membership in it, which is charged but now you can check your Paytm credit score for free, and for that, you have to check your number and check your Paytm credit score by giving your PAN card details. This is a good way that any framework can check the cibil score
And users also get some tips to increase their credit score, if your credit score is very good then you can also apply for a Paytm credit card, apart from this, here you can see the loan you got. That is, from the company from which you took a loan and which account opened, here you can also check this view status in detail which due to the loan you read low and high impact on your credit score,
This is a good feature of Paytm that you can know your cibil score for free though you have to get a membership for this now you can know if you are eligible for any major loan or not and many people if loan applications are rejected repeatedly And again and again and they don’t know the reason behind it, then it can also happen because of the CIBIL score.
How do you know your CIBIL score for free?
If you are looking for how to know your credit score then you are at the right place, Paytm has also added a users’ credit score option in its app which anyone can use easily, and for that, you have to use any other option. You don’t have to download the app on your device, but by following a few steps, you can know your Paytm credit score, apart from that, you can also check your payment history, account age, account total, etc., so you can check your Paytm credit score. Your CIBIL. Here you can also get an idea of the factors that had a negative impact on your score.
How to check Paytm credit score?
- First of all open the Paytm app on your mobile then here Balance & Passbook, Paytm bank shows some options, among them by clicking on all services, then many options will be shown here, from their click on loan option.
- After that, the option will appear to you with Paytm credit score, click on this option, and then the form type will appear, follow the below-given steps to make it happen.
- First Name – Enter your name in this option.
- Last Name – enter your surname here (note – enter the same name in the first and last name on your PAN card)
- You have to enter your 10-digit mobile phone number in the mobile phone number and here you have to enter the same number registered in the loan account.
- You must enter your PAN card number in the permanent account number.
- Enter your date of birth in the date of birth.
- Next, click on the option with term and condition and select it
- Submit after filling in all the options correctly
- Then the number you entered, an OTP code will appear on that number, after entering this code, click on Submit Otp & View Paytm Credit Score.
- Now you will see your credit score and with it the options to view the detailed report or calculate all credit cards and loans will also appear, by clicking on the option with the view of the detailed report, you can check the age of the accounts, total accounts, payment history, credit inquiries, etc., you can do this, Because of that, I read low, medium and high in your Paytm credit score and similarly in All Loan option you can see all the accounts from which the loan was taken and here you should be active and closed. The account also appears.
How does credit score increase?
As I said that when someone’s CIBIL score is not good, most of his loan application is rejected but is there any way by which CIBIL can be increased, so we can do it by following some methods.
1. Payment date
Payment history is very important in CIBIL score, if you pay off the loan you got on time, it will have a good effect on your payment history, which also has more chances to increase your credit score and vice versa. If you do not pay the loan on time, it will have a bad effect on your payment history, so no matter which company or bank you borrowed from, pay it on time.
2. Age of accounts
The number of years you have taken the loan is also an important factor in your credit score some people take a loan for a month or two which is good but it does not affect your credit score much and it has an average effect but if you take a loan for a year Or two years, it will have a good effect on your CIBIL, so when you take a loan from any company, take it for one or two years or more, it will increase the life of your account. It will have a good effect.
3. Credit inquiries
A credit inquiry is also of great importance in credit score, it is of two types, first, one is done for loans and the second is for a credit card. Loan inquiries have an average effect on your credit score, unlike your credit card, inquiries have no effect.
4. Total accounts
The number of active accounts you have and the total number of open accounts are also important but do not have much effect on your credit score, the total account keeps a list of your accounts in which you have a list of all open and closed accounts.
This is an easy way to know your CIBIL score, also very important because a CIBIL check is also done when you apply for a credit card and many payment banks only offer you a credit card when your CIBIL score is very good.
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