Credit Score Secrets: How Young Investors Can Achieve Financial Freedom
Credit Score ? A credit score refers to three-digit number that implies how creditworthy one is, or in other words, how probable he or she will be to pay back the borrowed amount. It is considered a very significant factor for lenders to decide whether they have to extend credit to an individual, what rate of interest, and of what amount they can provide him or her. In India, the range for credit scoring is 300 to 900, and anything above 750 is considered an excellent score. Credit scores reflect how one manages his or her finances. These include how frequently bills are paid, the utilization of credit, and the length for which one has had credit history. The higher the score, the better the likelihood of getting loans, credit cards, among other credit products at friendly interest rates. Why Should Young Investors Care About Their Credit Score? In building a strong credit score early on, i...
