What does an Experian credit score mean?

An Experian credit score is a three-digit number ranging from 300 to 900 that represents your creditworthiness based on your credit history. It is calculated using data from your Experian credit report, such as repayment history, existing debts, and credit account age. In India, lenders use this score to assess the risk of lending money. A higher score indicates responsible financial behavior, making it easier for you to secure loans and credit cards with better interest rates and terms.