A credit score is a three-digit number that reflects your creditworthiness based on your borrowing and repayment history. Lenders use it to evaluate your ability to repay loans and determine eligibility, interest rates, and loan amounts.
Maintaining a good credit score through timely EMI payments, low credit utilization, and responsible borrowing improves your financial credibility. A higher score increases your chances of faster loan approvals and access to better financial opportunities in the future.
