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|No spam callsWhat is a Credit Score?
Credit score is a 3-digit number that represents your creditworthiness.
Indicates how likely you are to repay your loans on time.
Calculated using credit history, outstanding debts, repayment record, and credit utilisation.
Used by lenders before approving loans or credit cards.
Understand your Credit Score
300 – 579 (Poor)
High risk; fewer loan approvals; improve by clearing dues.
How is the Credit Score Calculated?
Credit bureaus (CIBIL™, Experian, Equifax, CRIF) use unique algorithms, but common factors include:
Payment History
Timely bill & EMI payments reflect reliability; delays lower score.
Credit Utilisation Ratio
Use below 30–40% of your credit limit for a healthy score.
Credit Mix
Maintain a balance of secured (home loan) & unsecured (personal loan) credit.
Hard Inquiries
Frequent credit applications can reduce your score; apply selectively.
How is the Credit Score Calculated?
Credit bureaus (CIBIL™, Experian, Equifax, CRIF) use unique algorithms, but common factors include:
Payment History
Timely bill & EMI payments reflect reliability; delays lower score.
Credit Utilisation Ratio
Use below 30–40% of your credit limit for a healthy score.
Credit Mix
Maintain a balance of secured (home loan) & unsecured (personal loan) credit.
Hard Inquiries
Frequent credit applications can reduce your score; apply selectively.
Benefits of high credit score
Benefits of high credit score
Improve your Credit Score
There is no rocket science; improving your credit score is easy & requires you to have some good financial habits! Here's how you do it:
Avoid multiple loan applications
Frequent rejections or too many applications can hurt your credit score. Apply only when necessary.
Do not exhaust your credit card limit
Try to use less than 30% of your credit limit to maintain a strong score.
Pay your credit card bills & EMIs on time
Use an EMI calculator to plan your monthly payments and avoid delays or defaults.
Borrow what you can repay
Borrow within limits. Loans exceeding income or credit limits increase risk and reduce scores.
Maintain a balanced Credit Mix
Having a mix of credit types shows lenders your ability to responsibly handle different kinds of debt.
Think before becoming a Guarantor
If the primary borrower misses payments, your credit score suffers. Co-sign only if you trust repayment.
Avoid multiple loan applications
Frequent rejections or too many applications can hurt your credit score. Apply only when necessary.
Do not exhaust your credit card limit
Try to use less than 30% of your credit limit to maintain a strong score.
Pay your credit card bills & EMIs on time
Use an EMI calculator to plan your monthly payments and avoid delays or defaults.
Borrow what you can repay
Borrow within limits. Loans exceeding income or credit limits increase risk and reduce scores.
Maintain a balanced Credit Mix
Having a mix of credit types shows lenders your ability to responsibly handle different kinds of debt.
Think before becoming a Guarantor
If the primary borrower misses payments, your credit score suffers. Co-sign only if you trust repayment.
Check Credit
Score Regularly
Monitor your credit score often to track your financial health.
Identify and correct any errors in your credit report.
Helps plan future loans and maintain a good score.
Check Credit Score Regularly
Monitor your credit score often to track your financial health.
Identify and correct any errors in your credit report.
Helps plan future loans and maintain a good score.
Best Credit Score checker
Check your score instantly with FREED's Credit Score Checker powered by Experian
Get real-time access to your score anytime, anywhere.
Accurate, secure, and easy-to-use online process.
Best Credit Score checker
Check your score instantly with FREED's Credit Score Checker powered by Experian
Get real-time access to your score anytime, anywhere.
Accurate, secure, and easy-to-use online process.
Steps to check credit score online on Freed
Here is an easy online way through which you can easily check your credit score within a few seconds:
Visit freed.care/credit-check
Enter your name, mobile number, and email address
Tick the consent box to proceed (your data remains private)
Click "Check Credit Score Now" to view your report.