Top 5 Reasons to have High Credit Score? -

27 Jan

Top 5 Reasons to have High Credit Score?

Finheal
Credit Score
Tags: credit score, high credit score, low credit score
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Most of us, who has ever owned one or more credit cards or borrowed any type loan (automobile loan, home loan, personal loan etc.) have credit history with major credit bureaus in India like CIBIL, a Mumbai (India) based Credit Information Company (CIC) founded in the year 2000.

High Range Credit Rating plays an important role in the approval of loan and credit card applications easily. When a lending institution receives a credit card or loan application, it calls for his credit information report from the credit bureaus to evaluate his credit worthiness to ensure the credibility.

Reason of Credit Score

High range of credit score stands a better chance of quick approval of loan and credit card applications
Higher the credit score higher the credit limits.
A good credit score can get a better interest rate when borrower applies for a loan.
Avoid security deposits on utilities.
Easier approval for rental houses and apartments.

Credit Score Range

Excellent Credit: 750+
Good Credit:700-749
Fair Credit:650-699
Poor Credit:600-649
Bad Credit: below 600

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Finheal

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