Key Points
A good credit score is a reflection of financial stability, and it can pave the way for a smoother loan application process...
A credit score is a three-digit numerical expression that ranges between 300 and 900..
- 799 (Good): This credit score implies that you have a responsible loan repayment background and credit behaviour.800 and above (Excellent): The credit score in this range reflects high and reliable creditworthiness and is considered the best credit score range...
Aim to keep your credit utilization ratio below 30% to maintain a good score.Multiple loans: Pursuing multiple loans from different lenders can lower your credit score..
Factors including late payments, high utilization of credit limit (above 50%), and applying for multiple loans from different lenders may impact your credit score.How to improve credit score if it's low?..
