Personal Credit Score is a three-digit number that summarizes an individual’s credit history. Your credit score indicates your creditworthiness when you apply for a loan and helps the lender to assess your credit behaviour, determine your loan eligibility and decide the terms of your loan.
Your personal credit score is based on your credit history over time with different lenders and institutions, including the number of open & closed accounts, total amount of debt, history of repayment, and other variables. Lenders use this to assess the likelihood that an individual will be able to make timely loan repayments.
When applying for a loan or credit card from a bank or NBFC, a good credit score may help you to secure a better terms like higher loan amount, a lower interest rate etc.
Personal Credit Report Plan & Pricing
Checking and monitoring your own credit score won’t lower it. Maintain good financial health by subscribing to unlimited credit score access.