What is your credit score?

A credit score is a three-digit numerical summary of your credit history, representing your creditworthiness to lenders. In India, scores typically range from 300 to 900, with higher scores indicating a lower risk of default. It is calculated by credit bureaus like CIBIL based on your repayment history, existing debts, and credit utilization. A good score helps you secure loans and credit cards more easily with better interest rates and terms. Keeping your payments timely and credit usage low helps maintain a healthy score.