Understanding Credit Scores: How They Work and Improve

A credit score is like a report card for how well you manage money you borrow.

It's a number between 300 and 900 in India, and the higher, the better, with 750+ being a good score.

Banks and lenders check this score to see if they can trust you with a loan.

Your score can be impacted by how timely you are with payments, how much of your available credit you use, and how many loans you apply for.

You can check your credit score for free once a year.

To improve a low score, pay your bills on time and don't apply for too many loans at once.