FAQ
Frequently Asked Questions
Learn And Get Answers To Some Of The Common Questions That You May Have, And Also Get Insights To Many Of The Less Known Facts.
A Credit Score Is A 3-Digit Numeric That Depicts Your Creditworthiness And Past Credit Behaviour, It Depicts Your Creditworthiness And Past Credit Behaviour, Which Is Scale Used By Bankers To Identify The Customer Risk & Loan Repayment Ability Thus, Your Credit Score Directly Impacts Your Ability To Obtain A Credit Card, Buy A Car, Home, Or Rent A Home Or Even Get A New Job.
Credit Score Is Used By Multiple Banks. Institutions, And Companies To Determine Your Credit Worthiness Or Financial Qualification, It Helps You In Availing Loans At Ease, Along With Instant Approvals On Your Credit Card Applications. High Credit Score Increases The Negotiating Options For The Borrower And Enhances The Chances Of Qualifying For Best Loan Deals. Therefore, It Is Very Important To Have A Good Credit Score To Avail Credit At Low Interest Rates With Additional Benefits.
Credit Reports And Credit Score Calculation Are Complex In Nature, Hence It Take A Professional To Analyze And Understand Each Credit Report. Credit Repair Refers To The Process Of Working To Fix Or Improve Your Credit Score.
Although Fair Credit Reporting Practices Outlines That Every Individual Should Have Accurate Credit Information Report, Credit Reporting Agencies May Have Some Errors Reported In Your Report And Makes It Complicated For You To Liaise And Fix The Errors
Credit Report Need To Be Monitored Regularly To Check For Errors Or Any Fraudulent Activity, As Faulty Credit Report Usually Lead To Low Credit Score. If You Do Not Resolve Even A Minor Error For A Long Time, It May Drastically Impact Your Credit Score. Therefore, It Is Important You Engage A Professional Company To Manage Your Credit Report And Improve Your Credit Score.
Although Fair Credit Reporting Practices Outlines That Every Individual Should Have Accurate Credit Information Report, Credit Reporting Agencies May Have Some Errors Reported In Your Report And Makes It Complicated For You To Liaise And Fix The Errors
Credit Report Need To Be Monitored Regularly To Check For Errors Or Any Fraudulent Activity, As Faulty Credit Report Usually Lead To Low Credit Score. If You Do Not Resolve Even A Minor Error For A Long Time, It May Drastically Impact Your Credit Score. Therefore, It Is Important You Engage A Professional Company To Manage Your Credit Report And Improve Your Credit Score.
Credit Score Are Ascertained By Credit Information Companies (CIC’s) In India There Are A Total Of 4 Cics Or Credit Bureaus Regulated By The RBI To Calculate And Generate Credit Scores For Consumers In India.
Experian
Transunion Cibil
Equifax
CRIF Highmark
These Credit Bureaus Or CIC’s Generate Credit Scores For Individuals And Credit Ranks For The Businesses, Companies, Enterprises And Organizations Based On The Credit Information Provided By The Banks/Nbfcs, And Other Financial Institutions On A Monthly Basis.
Experian
Transunion Cibil
Equifax
CRIF Highmark
These Credit Bureaus Or CIC’s Generate Credit Scores For Individuals And Credit Ranks For The Businesses, Companies, Enterprises And Organizations Based On The Credit Information Provided By The Banks/Nbfcs, And Other Financial Institutions On A Monthly Basis.
Scorocket Is The Only Credit Fix App In India That Help You Do Fix Your Credit At Ease. We Help You Remove Negative Items From Your Credit And Assist You With Tasks Such As Obtaining Your Credit Report, Contacting Credit Bureaus And Creditors, And Representing You In Disputes And Negotiations.
Using Our Experts Credit Captains, Structured Systems, Processes And Our Association With Experian, Scorocket Has Helped Thousands Of Customers To Improve Their Credit Score And Also Build The Score When They Do Not Have Any Credit History And Become Credit Eligible.
Using Our Experts Credit Captains, Structured Systems, Processes And Our Association With Experian, Scorocket Has Helped Thousands Of Customers To Improve Their Credit Score And Also Build The Score When They Do Not Have Any Credit History And Become Credit Eligible.