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What is a Credit Score?

By IndianMoney , 1 year ago

A credit score represents the creditworthiness of an individual borrower. A borrower is rated in between 300 to 900 points as per the records of his transactions. A good credit score represents that the borrower is creditworthy and can manage debt responsibly. A low credit score represents that the borrower is not responsible in repaying his debt or has defaulted on loans.

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