Looking to get a free credit score and credit report each month? And without any ads or follow-up spam calls later for credit cards or loans? May seem surprising, and almost impossible, seeing the plethora of such apps or websites around, but OneScore has stuck to that promise so far.
Founder Team
The company is founded by Anurag Sinha, Rupesh Kumar and Vibhav Hathi – all former ICICI Bank-ers. Anurag is a former colleague from Walnut, where he was instrumental in setting up Walnut Prime (Line of Credit for Walnut app users). He’d mentioned his new company and app name when we’d met a few months ago, and some of us had checked out the OneScore app at the time.
Prior use of credit score apps
Till now I had only requested my annual free credit report from CIBIL. Occasionally, I’d check on their website for any changes or discrepancies. All my credit card payments are made on time and in full (no revolving credit, thanks). With a broad idea about the credit score range, I didn’t use any apps for this.
One app I checked recently out of curiosity was CRED, for credit card payments. CRED fetches your credit score and credit report from Experian and CRIF High Mark credit bureaus (one time, when you sign up). Some other friends/colleagues have used other apps. The biggest issue with these apps is the relentless spam emails and calls for loans/credit cards, so I’d stayed away from them.
Using OneScore App
OneScore is a simple and straightforward app, and doesn’t ask for any permissions. Once you input your phone number and email id, it fetches your free credit score and credit report from Experian.
The app displays information about your current credit score, utilised limit, history of all payments (including late payments if any), list of all active and closed loan and credit card accounts, age of credit accounts, recent enquiries in 30 days etc in a neat and straightforward manner.
So long as you use the app, you can get your updated free credit score and credit report each month. The credit utilisation was off to quite an extent, probably because some banks hadn’t reported the latest overall credit limit correctly. Got to know later that there is also an AI-based credit score improvement planner. The app shows this if you have a low credit score.
In case you notice a discrepancy, you can send an email to Experian from the app itself. I saw an incorrect entry from SBI and emailed Experian. They took their own sweet time to check and finally get back to say it was genuine as confirmed by the bank. I filed a complaint on the SBI website. They closed it, saying it was resolved. I suppose only a visit to their branch will finally close this.
Update: From August 2020 onwards, the OneScore app also fetches your free CIBIL score, in addition to Experian.
Download the OneScore app to get your free credit score and credit report, without ads or spam calls 😉
