Your credit score isn’t just a number. It shows how good you are with credit and helps you get personal loans and credit cards as per your creditworthiness. However, with so many online frauds these days, it’s not enough to just build a good score. You need to protect it too.

That’s where OneScore comes in. This simple credit check cum loan app lets you check your credit score for free and track your credit health. It also sends instant alerts if anything unusual happens and offers you instant funds as soon as you qualify. Here’s more on how you can leverage OneScore to safeguard your credit health and take steps to improve it.

Why Protecting Your Credit Score Matters

Your credit score is crucial for your financial health. It affects your chances of getting loans and credit cards. With a good score, you can get desired credit cards and loan amounts at competitive rates of interest.

Your score is based on your credit history and current debt as well as your usage, repayment history, debt-to-income ratio and other factors. If your personal details have been misused and fake loans or credit cards have been taken in your name, your credit score may be compromised.

Misuse of your information can not only lead to financial stress, but also affect your chances of loan approval.

How OneScore Helps Keep Your Credit Safe

Checking your credit report regularly can help you stay protected from errors, fraud, and misuse. The OneScore Loan App makes it simple to track and secure your credit health with the following features:

• Free Credit Checks Across Your Lifetime
  Most credit bureaus and other financial platforms allow you to check your score and report for free once a year. Post that, you need to pay a membership fee. However, with OneScore, you can check your TransUnion CIBIL and Experian scores as many times as you want for free right on your smartphone.
• Complete Credit Report Access
  Looking at your credit score is not enough. OneScore also shows your full credit report. On it, you can see your personal details, loans, credit cards, and payment history. You can also see all your credit accounts listed in one place, which makes it easier to spot any fake loans in your name.
• Smart Personalised Insights
  Not sure why your score dropped? OneScore tells you what’s affecting your score. It also gives simple tips like how to use your credit cards smartly. You can also set reminders for loan repayment and credit card bills to pay on time.
• Instant Reporting of Fraud
  If a fake loan or an unknown credit card appears under your name, you can see it right away on the app. If need be, you can quickly raise a dispute and report it via the app.
• Real-Time Alerts on Credit Score Changes
  Get instant alerts for every credit-related update. Be it new inquiries, limit changes or unusual activity, OneScore notifies you on time. This way, you can always be in the know.
• Ad-Free, Secure Experience
  OneScore keeps your personal data safe with no ads and spam. So, you can focus on your credit health.

How to Check Your CIBIL and Experian Scores for Free Using OneScore

Checking your score is easy on the app. Follow these steps:

• Download the OneScore app from the Play Store or App Store
• Open the app and tap on ‘Check My Score’
• Enter your name, mobile number, and PAN card details
• In a few seconds, your score will appear on the screen

How to Maintain and Protect Your Credit Score

Follow these simple habits to ensure your creditworthiness is high:

• Pay EMIs and Bills on Time

Late or missed payments can harm your credit score. Set up automatic payments or payment reminders, so you never forget a due date.

• Limit New Applications

Each time you apply for a loan or credit card, a hard inquiry is made on your credit report. Too many inquiries at the same time can reduce your score. Only apply for credit when you truly need it and after you are sure you meet the eligibility criteria.

• Don’t Close Old Credit Cards

Even if you’re not using them, keep old cards active. Occasionally, use them for small purchases and pay them off in full and on time. This helps lengthen your credit history and improves your credit score.

• Check Your Credit Report Regularly

Review your credit report at least twice a year. Look for errors such as incorrect personal details, closed loans listed as active, or unknown accounts. If you find any errors, correct or report them immediately.

• Borrow a Mix of Credit Types

Having experience with different types of credit is good for your credit profile. If possible, borrow unsecured loans, such as a personal loan, as well as secured loans, like a home loan or an FD-backed credit card. This shows lenders that you can manage different types of debt responsibly.

• Protect Yourself from Fraud

Be careful with your personal information. Don’t share your PAN card, Aadhaar number, or banking details carelessly. Set up fraud alerts or a credit freeze if needed to prevent fake loans in your name.

• Work on Reducing Overall Debt

Ensure that your debt-to-income ratio doesn’t cross 40%. Plan to repay personal loans or other debts early when you have surplus funds.

With OneScore, understanding how to improve your credit health and spotting fake loans is easy. What’s more, you can also get personal loans up to ₹5 Lakhs starting at just 12.5% p.a., with flexible repayment tenures of up to 48 months.

There is no lengthy paperwork and no hidden fees as you can check all the loan terms directly on the app. Once your score is 730 or above, you can check personal loan offers on the app from partner financial institutions. Download it now and manage your credit needs smartly!