I’ve been thinking for a long time that its so unfair that CIBIL charges Rs.550 to know your CIBIL score and report. Anyways they’re making money with lenders and financial institutions and i wonder why they charge the individuals too, at-least they should have considered to have a less price tag. Its time to regulate this.
Back in September 2016, the Reserve Bank of India (RBI) had mandated every Credit Bureau in the country to release one free full credit report (FFCR) to every individual from January 1, 2017. It is supposed to be a detailed report carrying the credit score, among other things.
So now you can apply for it once a year between January and December from one of the three credit information company’s (CIC), i.e., Equifax, Experian and CIBIL TransUnion.
How to get CIBIL Score for Free:
- Goto this link
- Scroll down to see the link to free report below the big “Monitor Now” button
- Click on that, fill the form and authenticate yourself to get your FREE CIBIL score and report.
- It hardy takes a minute or two and i was able to check the score with details without any issue.
Its as simple as that. Glad to see RBI is taking measures for the welfare of people to this extent.
Checking your CIBIL report once a year is a must thing to do as it helps you to find whats happening with your credit scores which is quite important if you’re planning to take credit cards and loans in the future, especially credit cards for people like us 😀
- Is your CIBIL score less? here are 7 Proven Ways to increase your CIBIL score to 800+
My Experience with CIBIL:
I had a very bad experience with CIBIL few months back wherein they weren’t able to issue the report after payment due to some page redirection issues post payment and their email/phone support is useless that they gave no proper response. They reply to support emails after a WEEK and their phone lines are not in good condition MOST of the time.
It’s a long story and i finally ended up raising a dispute/chargeback against CIBIL to get things done. This makes me realize one of the major benefits of credit cards yet one more time – the Strong Buyer Protection. Wish a company with such a reputation delivers a better service.
P.S. Thanks to Bibhash & Nandhakumar for your comments on other article about this update on free CIBIL score availability.
So did you get your Free CIBIL report? Feel free to share your experience below 🙂