what is equifax credit score

The Equifax Credit Score is a three-digit number provided by Equifax Credit Information Services Private Limited, one of the four Credit Information Companies licensed by the RBI in India. This score summarises your credit history, including your loan accounts and repayment track record. Lenders use this score to evaluate your creditworthiness and financial health when you apply for a loan or credit card. A higher score, which typically ranges from 300 to 900, is viewed favourably by financial institutions.