Cibil Score

Rk146108 Sep, 2020Finance

Credit score refers to a three-digit number ranging between 300-900, which estimates how likely one is to repay one�s debt. Banks and other money lenders consider this score to decide whether a particular loan or credit card application can be approved or not. An individual�s credit scores are essentially calculated by tracking their initial payment records and identifying if they make payments on time. The number of accounts maintained by the user also contributes to the calculation of their credit score.