After celebrations, it is time to check civil scores by PAN

Phew. Christmas and New Year celebrations are over and it is time to get back to reality. You need to take stock of the unexpected expenses or expenses you were not prepared to meet. Isn’t it? Great. If you have been good with managing your finances well, then you have nothing much to worry, but if you have been missing out on your repayments earlier, then you have all the reason to worry and check your cibil scores by PAN card.

 So, if now you are wondering why one needs to check credit scores using a Permanent Account Number (PAN)card, here is the answer. PAN makes it easier for the credit bureaus to locate your details efficiently. PAN is also associated with all financial and bank accounts of most individuals as it is associated with all financial transactions. And when you apply for cibil scores by PAN card, you need no other document to get it from the bureaus.

Before we proceed further, here, we would like to tell you in brief that your PAN is a 12-digit sequence that is issued by the Income Tax Department of India. In case, this plastic card is lost or stolen, then a new one can be requested and this new card won't impact your credit score in any way as the number will remain the same.  

Now, coming to credit scores, these are three-digit figures ranging from range from 300 to 900 and depending upon your financial transactions. It is an important factor that the banks look into while reviewing loan applications.  Hence, when the scores are higher, (750 and closer to 900) banks consider such persons as someone responsible with finances. Such persons tend to falter less while making repayments during the entire loan tenure. Lenders consider such credit score holders as low-risk borrowers and process their loan applications without much hassle. In short, your credit score is a snapshot of your credit at one point in time.

Now that we know enough about this valuable plastic card and credit scores, let us quickly go through the steps that will enable you as a first-time borrower to check your cibil scores by PAN card.

• Log on to the link https://civilscores.com/check-civil-score-by-pan to directly and easily log in.
• Choose a subscription method
• Provide basic personal details that are mandatory
• Enter your PAN card details
• Enter the captcha code 
• Agree to the terms and conditions
• Click on ‘proceed’ button.

Remember, if you have been using the PAN card to check cibil scores regularly, the website may store your mandatory personal details and you may not be required to fill in every time you run a credit score check.