What Does Your Credit Score Say About You?
How would a bank know that someone is trustworthy enough to pay back the loan amount they take? A credit score helps financial institutions understand whether someone is creditworthy or not. This summary of an individual’s financial summary enlists all credit-related transactions made under the individual’s name and evaluate how much loan amount will be manageable for them. In simple words, your CRIF Credit Score tells the bank what kind of a borrower you will be by looking at the range of your score. So, what will your score say about you at 850 and what will it mean at 400? Related Reads: 7 Quick Tips to Increase Your Credit Score Here’s what your score would indicate about you as a borrower: Super Awesome Borrower: Above 818 This means that you got an A+ on your report card! You are the sincerest and brightest of all borrowers having the best possible creditscore needed for personal loan . When a bank sees your financial profile, they want to lend you more w