💨 Abstract

The article discusses the importance of credit scores in determining one's credit worthiness, influencing various financial aspects such as loan and credit card approvals, interest rates, and even renting apartments. A good credit score is crucial for better financial opportunities, and it is calculated based on payment history, amounts owed, length of credit history, credit mix, and new credit.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖