BankBazaar.com, India’s leading financial marketplace, has announced its tie-up with credit bureau Experian to offer free credit monitoring service to customers, giving them a much better understanding of their financial footprints.
Experian Credit Information Company of India Private Limited provides Credit Information Services to consumers. A general misconception is that checking your own credit score on platforms like BankBazaar will reduce your score but in fact, a soft query, which is made by a person or company and not by a financial institution will not affect your credit score.
This one-of- its-kind integration brings several benefits to the customers:
- In the first place, it is absolutely free. Generally, consumers have to pay the credit rating companies for more than one soft query in a year. BankBazaar.com, on the other hand, is facilitating this service through Experian absolutely free. This makes it a cost effective option.
- Second, unlike the usual procedure, which is a mix of online and offline processes, BankBazaar has taken the entire process of applying for the credit score completely online and instant, making it convenient and fast.
- Finally, the report, which provides a detailed history of the applicant’s financial history till date, is supported with detailed analysis and recommendations by financial experts at BankBazaar for improving and maintaining a good credit score.
BankBazaar.com co-founder and CEO Adhil Shetty said, “BankBazaar.com has always strived to make the access to right financial product easy for consumers. The integration with Experian will complement our efforts and empower our consumers with better financial decision making ability. I am very happy to announce that this service in now available on BankBazaar and customers don’t have to juggle between multiple platforms and organization to make an informed purchase decision.”
Source : India Television