Checking Credit Score on the OneScore App Can Offer Access to Better Loans

Personal
loans
are
one-size-fits-all
types
of
loans
that
borrowers
can
use
for
any
purpose.
Borrowers
can
rely
on
an
instant
loan
for
medical
expenses
or
for
a
family
holiday,
as
per
their
needs,
as
there
is
no
end-use
restriction.
However,
there
are
a
few
terms
and
conditions
that
make
getting
this
multiple-purpose
loan
difficult:
a
high
credit
score
criteria.

Download
Personal
Loan
App
|
OneScore

Why
Does
Credit
Score
Matter?

When
giving
out
unsecured
loans
like
a
personal
loan,
lenders
bear
a
risk.
In
case
the
borrower
is
unable
to
repay
loan
EMIs
on
time,
or
worse,
they
cannot
pay
back
at
all,
lenders
may
lose
their
money.
To
avoid
such
situations,
they
check
if
the
borrower
is
capable
of
repaying
based
on
their
past
financial
records.

Running
a
credit
check
helps
them
do
that,
giving
them
a
complete
overview
of
the
applicant’s
credit
history.
Therefore,
it’s
crucial
that
borrowers
ensure
that
they
have
a
good
record
and
high
score
when
applying
for
a
loan.
Most
quick
loan
apps
require
scores
over
700
to
consider
borrowers’
applications.

As
the
score
reaches
closer
to
900,
it
becomes
easier
to
get
approval.
What’s
more,
a
high
score
makes
the
borrower
eligible
for
better
loan
offers
as
well.
This
includes:

Why
Choose
the
OneScore
App?

Be
it
checking
the
credit
score
or
improving
it,
the
OneScore
app
gives
users
the
reign
to
their
creditworthiness.
Here
are
some
ways
consumers
can
ensure
quick
approval
and
a
smooth
application
process
for
future
loans
through
OneScore.

Lifetime-free
Credit
Score

Most
bureaus
allow
one
free
annual
credit
score
check,
which
is
not
enough
to
assess
creditworthiness
for
the
whole
year.
Borrowers
must
check
their
scores
periodically
to
ensure
they
are
eligible
to
apply
for
loans
or
credit
cards.
OneScore
gives
users
this
flexibility,
allowing
them
to
generate
a
free
report
anytime
without
any
membership
fee.

Simply
entering
their
PAN
Card
details
one
time
allows
users
to
check
their
CIBIL
and
Experian
scores
in
just
a
few
taps.
This
helps
not
only
save
time
but
also
helps
them
see
updated
results
frequently.
This
is
a
smart
way
to
keep
track
of
credit
score
and
maintain
it
without
a
guessing
game.

Tailored
Advice

With
the
Score
Planner
on
OneScore,
consumers
can
understand
how
to
manage
all
credit
cards
and
loans
to
boost
their
score
in
no
time.
It
gives
personalised
advice
based
on
the
user’s
credit
behaviour.
This
way,
each
loan
EMI
and
credit
card
bill
payment
can
lead
to
better
credit
health.

Score
Planner
helps
users
target
all
the
five
factors
affecting
their
score.
These
are:

• 
  
  Payment
  history

• 
  
  Credit
  utilisation
  ratio

• 
  
  Credit
  length

• 
  
  Credit
  mix

• 
  
  New
  Credit

To
get
started,
users
need
to
enter
their
details,
such
as
their
current
credit
score
and
their
ideal
score.
After
choosing
the
timeline
by
which
they
would
like
to
achieve
it,
they
will
get
a
structured
plan
to
meet
their
goal.

Spam
Detection
and
Reporting

While
credit
scores
depend
on
the
credit
activity
of
the
user,
they
can
also
go
down
due
to
fraudulent
activity.
If
there
are
any
unauthorised
loans
or
credit
cards
in
the
name
of
the
borrower,
their
credit
score
will
definitely
take
a
hit.

This
can
have
a
negative
consequence
in
the
long
term,
which
makes
it
imperative
to
check
reports
periodically
for
early
detection.
With
the
OneScore
app,
users
cannot
only
identify
such
spam
or
fraudulent
accounts
but
also
report
them
right
through
the
app.

Easy
Instant
Loan
Application

In
addition
to
improving
creditworthiness,
OneScore
also
enables
users
to
get
urgent
financial
services
through
the
OnePL
offering.
With
it,
users
can
get
a
personal
loan
instantly.
All
they
need
to
do
is
choose
their
employment
type,
monthly
salary
and
loan
requirement
to
get
a
loan
offer
in
minutes.

How
to
Improve
Credit
Score?

Here
are
a
few
tips
to
boost
one’s
credit
score
with
some
discipline
and
patience. 

• 
  
  Set
  up
  reminders
  to
  pay
  loan
  EMIs
  and
  credit
  card
  bills
  on
  time

• 
  
  Keep
  credit
  card’s
  credit
  utilisation
  ratio
  under
  30%

• 
  
  Get
  experience
  with
  different
  types
  of
  credit,
  including
  secure
  and
  unsecured
  loans

• 
  
  Check
  credit
  score
  and
  credit
  report
  frequently

• 
  
  Report
  any
  discrepancies
  or
  errors
  in
  the
  credit
  report

• 
  
  Avoid
  frequent
  loan
  and
  credit
  card
  enquiries

• 
  
  Keep
  old
  accounts
  open
  for
  a
  long
  credit
  history

The

OneScore
App
can
simplify
this
with
its
inbuilt
features,
such
as
reminders
to
pay
loan
EMIs
and
credit
card
bills,
offering
an
easy
view
of
all
credit
accounts
in
one
place,
and
allowing
users
to
report
fraud
instantly.
The
OnePL
further
makes
it
simple
to
get
quick
financing
without
any
documentation.

Borrowers
can
complete
digital
application
to
get
an
instant
loan
of
up
to
₹5
lakhs
starting
at
12.5%
p.a.
for
up
to
48
months
and
overcome
any
financial
gap
comfortably.
Users
can

download
the
app
now
to
check
credit
score
instantly
and
apply
for
an
affordable
loan
all
under
one
roof.