How Can You Get Experian free Credit Report?

Finance

When you think of taking a credit card or a loan, you want to get the lowest rate possible on the loan and the best deals on the credit cards. However, when you do not know your score, you don’t know where you stand. Experian is one of the leading credit report providing companies which does not charge anything.

You can get the report and the score within a few minutes. In this article, you would know about Experian free credit report and how can you get it for yourself by just simply mentioning your PAN.

What is an Experian Credit Report?

A credit report from Experian is generated by keeping into account the details such as whether you have missed any payment, how many credit accounts do you have, what is the total debt (if any), and how many applications you have put in last 6 months. Based on these, your credit report is generated which includes your credit score and other necessary information.

How can you get Experian Credit report?

You can sign up at the official website of Experian for free and provide your personal details, Permanent Account Number (PAN), residential address, and other information. The report would be generated including the score. Experian report is then sent to the email ID that you have mentioned in the form.

What is the Experian score range and its importance?

At Experian, the score ranges from 300 to 900. The higher your score is, the better is your chance to get desired deals. A higher score helps you get the best deals on loans and credit cards.

How can you check your Experian score?

If you want to check your score, you can follow the simple steps involved in the process:

  1. Provide your Full Name, Mobile Number, and Email ID and click on the ‘Submit’ button.
  2. You will then receive an OTP on the registered mobile number
  3. Submit that OTP and click on ‘Verify & Continue’ tab
  4. Mention your Date of Birth and Gender
  5. Provide your Permanent Address including the state, city, Pincode
  6. Enter your Permanent Account Number (PAN) and submit.

After the completion of above process, there is a Q & A round which is the final step before you get your score. On the basis of the details you have provided, the credit score would range from 300-900.

What powers do you get with strong credit score?

Even though having a poor score or no score does not snatch away the authority to apply for a credit card or loan, if your credit score is strong that is above 750, you can really enjoy the journey. A score above the mentioned one fetches not only more options in both credit cards but it also makes you eligible for cards with best offers and loans with lowest rate of interest.

So, if possible, try to maintain a strong credit score. There are some very basic tantrums with which you can keep your score safe like paying bills on time, do not overspend, know your repayment capacity, be sure of your expenses, be very particular when it comes to using a credit card, do not carry cards for the sake of fashion, etc. If you can follow these simple rules in your life, you can not only create a good credit history but will be able to manage your finances very well.  

Srishti Singh is a professional financial writer who has written on various financial products like personal loans, home loans, credit cards & mutual fund investment, etc. She believes in delivering best of her knowledge so as to help the readers understand the product and be aware of their financial decisions.

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