The whys and hows of checking civil score by PAN card

Credit score is any loan applicant’s first financial impression before his lender. It is a proof of how he manages his finances. If he is careless and often misses his dues, his credit scores will see a dip and if he is responsible with them, it will also get reflected in the form of high credit scores. There are several ways people can access their respective credit reports like passport number, voter’s number and even the Permanent Account Number (PAN).

Today, we will concentrate on various aspects of checking scores using the ten-character long alpha-numeric unique identifier to check cibil score by PAN card. But before we move ahead, let us briefly discuss what credit scores are in the first place. Credit scores are three-digit numbers, ranging between 300 and 900 points, depending upon our financial habits. Scores above 750 are considered ideal and safe for lenders who need to assess the borrower’s financial credibility and get an assurance whether they would get back their invested or lent out amount.

If a person has scores closer to 300, not many lenders are willing to pay him the required amount and those who do, have an upper hand. In such cases, it is the lender who decides the terms and conditions of contract like the rate of interest (which is usually quite high compared to a borrower with high or above 750 credit scores), tenure, etc. 

Now coming back to check cibil score by PAN Card, we tell you that it is a very simple task and requires no specific details other than the ten alphanumericals printed on the card.  Carefully go through the process on availing credit scores using your plastic card.

• Log on to the official website
• Click on the extreme right top corner ‘Your Cibil Score’
• Fill in the details like name, gender, etc
• Provide your PAN 
• Click on the ‘Go’ button.

Moving ahead, we would also like to tell you here that this plastic card is issued by the Indian Income Tax Department under the Indian Income Tax Act, 1961 to any Indian taxpayer. Secondly, no two persons can have the same PAN number and so the chances of any goof-up while carrying out a check cibil score by PAN Card are ruled out.

Other than this, if your PAN gets misplaced or is lost there is nothing much to worry as you can always get a duplicate one issued by informing the department. This second card will bear the same number as that mentioned in the earlier card. This is because the new card is a duplicate one and not a fresh card.

So, next time you need to check your credit scores, try doing it using your plastic card.