News From Press Three ways to improve your credit score

Three ways to improve your credit score

Summary While credit score ranges from 300 to 900, a fair credit score is between 550 to 700 and a very good credit score ranges from 700 to 900. A person can inculcate good credit habits which go a long way in maintaining a good credit score.

ET Jun 29, 2020

Before a loan is granted to a customer, the bank or financial institution carries out various checks to make sure that the customer will repay the loan along with the interest due. One such determinant to grant a loan is the credit score. It indicates the customer’s credit history, with respect to his bank and loan accounts, repayment track record and total debt level.

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