What lenders scan in credit report and check cibil score by pan card

We have always recommended tracking your scores every few months and why not when you can check cibil score by PAN card very easily. PAN stands for Permanent Account Number. It is a unique 10-digit alphanumeric character issued by the Income Tax (IT) Department under the supervision of the Central Board of Direct Taxes.

Credit reports are issued by credit bureaus that prepare your scores based on the data provided by Reserve Bank of India backed credit bureaus. And when people apply for a loan or a credit card, they authorise lenders to make a hard pull and scan their report. Before we move ahead with what our prospective lenders look for in our reports, let us get a sketchy impression of what inquiries section contains.

Credit reports contain a list of all those who have accessed it within the last two years. It has a mention when hard inquiries were made based on your loan requests and soft inquiries when lenders ordered your report to lure you with the pre-approved credit offer. It also holds a credit history of the past 10 years for any type of loan, mortgage, credit card, etc. These pre-approved offers could be sent to you via email. Secondly, while hard inquiries are visible to all, soft inquiries are visible only to you and do not have any effect on your scores. 

Lenders look at multiple aspects, but the whole idea is to ensure that all is well with the borrower and he will pay back the borrowed amount without missing out instalments or filing for bankruptcies. Well, let us quickly browse over how to check cibil score by PAN card, but first take a detailed look at the aspects lenders take into account while assessing the credentials of a candidate

• Payment history
• Credit utilisation
• Total debt
• New accounts
• Number of inquiries 
• Reason for loans
• Bankruptcies 
• Types, age and number of credit  

If you have started to feel that the credit-scoring world is quite a complex one and so would be the process to check cibil score by PAN card, we tell you it is not so at all. Check out the steps given below.

• Log on to the credit information bureau website
• Look for ‘Your Credit Score’ and click on it or
• Directly visit  https://civilscores.com/check-civil-score-by-pan 
• Select a subscription method 
• Enter your PAN 
• Enter other details 
• Enter the captcha code
• Tick on the terms and condition
• Click on submit button

After the processing is done check your mailbox the following or within 24 hours to receive your credit report.