what is a bad credit score

A bad credit score in India, such as the CIBIL score, is typically considered to be below 650 on the 300-900 range. Scores falling into the 300–549 range are considered very poor, while 550–649 is often categorized as fair or below average. A low score signals to lenders that you may be a high-risk borrower due to past missed payments or high credit usage, making it difficult to secure new loans or credit cards and often leading to unfavourable terms or higher interest rates.