3 Reasons To Keep Track Of Your Credit Score

Your credit score helps any banking or non-banking financial company judge your creditworthiness before they lend money to you. The score is like your report card that shows how good you are at handling the money you earn and the debt you take. The score ranges from 300 to 900 points.

These scores are generated by credit information companies, that are also known as credit bureaus. Four such licensed credit information companies that are licensed by the Reserve Bank of India (RBI) to produce credit scores are TransUnion CIBIL, Equifax, Experian and CRIF Highmark.

Your credit score is based on several factors like age, years of employment, your earnings and your spending habits among others. It is good practice to know and assess your credit score as regularly as you can. In an era where everything is possible with a click, credit scoring companies allow you to check your credit score at any time and here are 3 reasons why you should be doing it more often.

{photo-feature}