See the benefits of having a good credit score
What is Credit Score?
A credit score describes your previous financial performance. It is like a school mark sheet.
It is like marks that summarise your credit history.
A credit score is a three-digit number that ranges between 300 and 850
Your credit score is calculated based on your past borrowings and repayments.
Banks & Financial institutions will look up your credit score before approving new loans or credit cards.
If you have a good credit score, you will get some benefits.
1) You will get loans at low-interest rates.
2) You will get Credit Card and Loan Approval more easily than others who have a low credit score.
3) If you have a good credit score, you can negotiate on loan amount & interest rates.