What is the role of credit score in building a person’s creditworthiness?
The credit score plays a mandatory role in determining a person's creditworthiness to get loans and credit cards. One can ascertain creditworthiness through credit utilization, credit mix, repayment history, etc. Having a good credit score above 650 will help you to avail of instant credit at a low-interest rate and custom tenure period. in case of a low credit score, it is necessary to improve your credit score.
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