Credit Score is your new identity

Digital world has set credit score as your new identity. A credit score is a three-digit number that depicts a consumer’s creditworthiness. The higher the score, the better a borrower looks to potential lenders. The credit score also comes with a report which carries information like number of loan accounts, history of taking loans/credit, repayment track record etc. The potential lenders use credit scores to evaluate the probability that an individual or a firm will repay loans in a timely manner. In other words whether he or she or the firm is worth giving loan/credit. What is a Credit Score? …