Stepwise Measures to Check Your Credit Score
Having a strong score is necessary for financial security and stability and to access a wide range of credit options. A good score shows an individual’s credibility and is a necessary parameter factored in by lenders when assessing loan applications. Explored here in this article is a stepwise guide on reviewing and ameliorating your score along with CIBIL score range infor and effective measures to enhance your score.
Part 1: Understanding the CIBIL Score
Familiarise yourself with credit scores
A credit score is a three-digit numerical representation of your creditworthiness, ranging from 300 to 900 in India. It is calculated based on your credit history, payment behaviour, credit utilisation, and other factors.
Importance of a good credit score
A higher credit score (typically above...