A recent study involving around 1500 individuals showed that more than 60% of the respondents know that a good credit score increases the chances of getting loan approval. However, only 15% of the participants knew their credit rating. Studies also suggest almost 85% of the Indian population carries a credit score of less than 800. A credit score is a three-digit number which helps determine your creditworthiness. It ranges from 300-900, and a score of 750 or higher is considered better. Credit information companies like TransUnion CIBIL calculate the rank…
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