Is a Good Credit Score important?-Wishfin

Kayan.pereira22 Apr, 2022Finance

A credit score is well defined as a 3-digit number, It ranges between 300 and 900. It describes the cardholder who has taken a loan but to grant a loan in India, financial institutions and banks prefer a credit score. It is provided by a few institutions in India. These are as follows- Equifax, Experion, and the CIBIL score. The model of credit score was introduced by Fair Isaac Corporation, which is also known as FICO and It is used by financial institutions and banks. Although the other credit scoring system exists the most commonly used system is FICO in India. There are multiple ways to improve your CIBIL score.