What is the Credit Score Simulator and how to use it?
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Does your three-digit CIBIL Score seem like a mystery to you? Would you like to eliminate the guesswork from your financial decision-making? Well, the Credit Score Simulator is just the tool you need to navigate the mysterious credit landscape.
What is the Credit Score Simulator?
Think of the Credit Score Simulator as a crystal ball, offering you a sneak peek into your credit future. This interactive online tool is designed to predict your current or future credit score based on different factors related to your debt. With this nifty tool in your arsenal, you can explore how various actions, such as taking a new loan or closing an old credit card, can impact your CIBIL Score.
How does the Credit Score Simulator work?
Let’s get down to the nitty-gritty. The Credit Score Simulator considers various actions you might take (like, closing a loan account) or scenarios you might find yourself in (such as missing an EMI payment) and predicts how that can affect your credit health. By considering various factors that influence your credit score and the information you provide, the simulator can estimate the most likely result. This empowers you to make informed decisions that can secure your financial destiny.
Benefits of using the Credit Score Simulator
With access to the potential impact of your financial choices, you can proactively steer yourself towards financial success, avoiding unnecessary stress and setbacks. You can avoid the damage caused by ‘hard’ enquiries and other credit disasters, and navigate with confidence towards a strong CIBIL Score.
Using the Credit Score Simulator
Excited to test the power of the Credit Simulator? Sign-up for the Bajaj Finserv Credit Pass today for unlimited access to the Credit Score Simulator, the EMI Calculator, and more from your personalised credit dashboard. The first twelve months of Credit Pass benefits are totally free!
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