A credit score is a number which summarises the credit information from your credit report. Credit scores are one indicator of your credit risk and may be used by credit providers like banks and credit card companies to help understand how responsible you are to lend to. Generally, a higher credit score is considered better as it indicates lower risk. Your credit score from Debt Counsellor is generated by leading credit bureau, Equifax, and is a number between 0 and 1200.

Your credit score* with Debt Counsellor is calculated from your current situation and past behaviour as reported to Equifax, leading credit bureau. This may include credit limits, your repayment history, overdue debts, how often you’ve asked for credit and the kinds of loans or credit you’ve asked for, the frequency of your credit applications, and several other factors.

You can get three free credit reports per year, one from each credit reporting agency: Equifax, Experian and TransUnion. In some cases, you can get additional free credit reports if you believe you’ve been a victim of fraud or identity theft, or if you’ve been rejected for credit.

Again, checking your credit report is a soft inquiry, meaning it will not damage your credit score. Other examples of soft inquiries include an employer pulling your score, or a lender sending you preapproved credit card offers.

Your credit report gives a full background of your credit history including personal information, delinquent accounts, and accounts in good standing. Your credit report card is a summary of all of this that shows you how you’re doing in the areas that make up your credit score.

Your credit score and credit report are separate from one another. Your report is your entire credit history of all your installment (loan) and revolving (credit card) accounts. Your credit score on the other hand, is a number calculated from your credit history that shows where you stand in terms of credit health. Even though the two are related, you do have to request them separately.

Debt counsellor Credit Advisory service assists customers in building a high credit score. Once a consumer decides to avail this service, our team of trained credit experts analyse the consumer’s credit report. After a thorough review, an expert calls the consumer at a convenient time and explains each factor in his credit report, exact reasons for his/her credit score and the necessary steps and products needed to build this score.

Any customer with LOW or NO credit score can avail credit advisory services from Debt Counsellor.