What is a poor credit score?

In India, a credit score typically ranges between 300 and 900. A score below 600 is generally considered poor. Credit bureaus like CIBIL, Equifax, Experian, and CRIF High Mark calculate these scores based on your credit history. A poor score indicates a higher risk to lenders, making it difficult to get approval for loans or credit cards. If approved, you may face higher interest rates. Maintaining a score above 750 is usually recommended for better financial opportunities.