Absolutely, checking your credit score online is quite safe. Your credit record and score are produced by credit bureaus. CIBILTM, Equifax, CRIF High Mark, and Experian are the four recognized credit bureaus in India. Each year, a person is entitled to one free credit report.

Where Can I See My CIBIL Score Online?

• Go to the official website and select “check my CIBIL score” or “get your credit score.”
• Choose the preferred subscription strategy.
• Enter the information needed to prove your identity.
• To make a payment, select “continue to payment” and click.
• You will get your CIBIL score report through email.

How Is the Credit Score Determined?

The various credit reporting agencies use different formulas to determine a credit score. The general criteria listed below are usually used to determine your credit score:

• Payment history- Your payment history accounts for 35% of your credit score. Your payment history reveals how consistently you’ve paid your bills, how frequently you’ve missed payments, and how many days past the due date you’ve paid them. Therefore, if you have a larger percentage of on-time payments, you can get a good score. To avoid damaging your credit score, make sure you never skip a payment. About 30% of your credit score is determined by how much you owe.
• Your debt amounts- The amount of debt you have on credit cards and loans accounts for around 30% of your credit score. Your credit score would suffer if you have a large balance and have used up all of your credit card’s available credit. While low balances and on-time payments would boost the score.
• Credit history duration- 15% of your credit score is determined by the length of your credit history. You would undoubtedly have a higher credit score if you have a long history of on-time payments. Having said that, you must eventually apply for a credit card or loan for the remaining payments, if any,  rather than putting it off in order to establish a good credit history.
• The use of Credit – The number of products you have and the categories of products you have account for 10% of your credit score. Your credit score can be raised by using a variety of instruments, such as installment loans, house loans, and credit cards. The remaining 10% is based on your most recent credit activity. All information pertaining to opening or applying for different accounts, repayment history, the different sorts of loans you have applied for, and the utilisation of your credit limit is considered credit activity.

Also Read:- How to Check Your CIBIL Score Online

Have a Look on Credit Score Ranges

Let’s examine the credit score range that the majority of lenders and bureaus consider when assessing your credit applications

Score Range	Sorting	Its implications
< 300	No score	It means you have never taken a loan or credit card and have no/limited credit history. For the best offers on loans and credit cards, you need to start building your credit score.
300-550	Extremely poor credit score	Your credit report has been tarnished. But, you may improve your credit score with awareness and discipline. To determine the cause of your low credit score, thoroughly review your credit report and take appropriate action.
551-620	Poor credit score
621-700	Decent credit score	You are not far from having a good credit rating. You should strive to raise your score to qualify for the finest deals.
701-775	High credit score	You have handled credit responsibly and with good credit behaviour. The majority of banks and NBFCs would be glad to extend you credit.
775+	Outstanding	Your credit history is excellent. You would be eligible for the majority of banks and NBFCs with this score, and you are likely to receive the best deals.

How to Improve CIBIL Score Immediately

Pay off credit card debt promptly

Your credit score can be raised by paying off unpaid credit card bills. Getting into the routine of paying, the basic amount owed, as it appears on the credit card statement could aid in escaping late payment costs. This minimal payment is equal to about 5% of the billing total for that cycle. However, this results in a larger debt because interest and taxes are then added to the bill in the following cycle. Paying your bills on time increase your credit score over time and stops interest from accruing.

Decrease Credit Usage

Your credit score can be preserved by using less than 30% of the available credit on your card. But, not using your credit card at all may have a negative impact on your credit rating. Paying your credit card debt in full is advised. It is advised to choose a greater credit limit, which can assist in quickly improving credit score. Limiting the number of loans, you apply for is also a good idea. Several loan applications might potentially harm your credit score.

Updated Credit Cards

When requesting credit cards, exercise caution. Although having a large number of credit cards and making your purchases large can be beneficial when asking for loans, doing so could backfire. It is a good idea to examine your credit eligibility when registering for a credit card and then submit your application to institutions where there is a larger likelihood that it will be accepted. 

This is due to the fact that registering for credit cards from multiple banks and using your credit card excessively both have the potential to negatively impact your credit score. 

Make sure to keep a sufficient interval between applications to avoid giving the impression that you are pursuing credit. When you’re able to repay a credit card, applying for one lets you earn points that will improve your credit score.

Who Generates CIBIL Report?

Your CIBIL report is a document that states your credit score.

TransUnion CIBIL, the nation’s first credit bureau, generates your CIBIL report. Your CIBIL report contains details about all your loans (including personal, vehicle, and house loans), credit cards, bill payments, inquiries, and credit history.