Credit Score FAQs

Do you access my Credit Score?
Yes, our Financing Partners are registered NBFC’s and Banks and they access your Credit Score as part of the credit profile verification and underwriting pr...
Thu, 6 Jun, 2024 at 1:54 PM
What are the different Credit Bureaus that you report my loan data to?
In India, there are 4 well known Credit Information Companies that track the Credit Score of an individual. These are Transunion CIBIL, Experian, Equifax an...
Thu, 6 Jun, 2024 at 1:55 PM
By what name will my Ring loan appear in my Credit Report?
The loans you have availed can be reported to the Credit Bureaus only by the respective NBFC that has financed your loan; hence, the name of the respective ...
Thu, 6 Jun, 2024 at 1:55 PM
How can I possibly enhance my Loan/Credit Limit?
To begin with, every customer has a maximum loan amount up to which he/she can avail of loans on Ring. There is a good chance of this amount increasing, whe...
Thu, 6 Jun, 2024 at 1:55 PM
How is my Credit Score connected to the loan that I avail on Ring?
Once you apply for a loan from Ring App and repay it back on time, your credit report reflects the same. This helps you avail a bigger loan at a later stage...
Thu, 6 Jun, 2024 at 1:56 PM
What is the typical processing time for updating a customer's loan payment/closure status with the credit bureau?
We submit data to all credit bureaus once every month and the Credit bureaus take around 45-60 days to update the same in your credit report. Please downloa...
Thu, 6 Jun, 2024 at 1:56 PM
The loan account related details shown in my Credit Report with respect to the loan availed from the Ring App are incorrect/not updated even after 45-60 days of repaying my loan. What do I do to correct this?
Our financing partners always try their best to ensure that all your loan details are timely and accurately reported to Credit Bureaus. If in case you find ...
Thu, 6 Jun, 2024 at 1:56 PM