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Volume IconWhat is credit score? Why is it important?

A credit card can come in handy for small purchases on credit. And if you are carrying one, it is crucial that you have a good credit score. But, what exactly is the concept of credit score?

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Credit Score

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You might need access to a loan for various reasons. A credit card can come in handy for small purchases on credit. And if you are carrying one, it is crucial that you have a good credit score because the easy availability of personal, consumer and other types of loans, along with access to credit cards, is contingent on this. But, what exactly is the concept of credit score? Let’s find out

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First Published: Dec 07 2022 | 7:00 AM IST

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