What is my credit score & why is it important?
A credit score is a three-digit number ranging from 300 to 900. The higher your score is (closer to 900), the better it is for your financial journey. Every time you apply for a loan or credit card, the lender evaluates your credit score and decides whether to sanction the loan or credit card. A poor credit score leads to your loan application getting rejected.
Not just that, your credit score also impacts the cost of a loan. A high credit score (750+) fetches you the best deals on loans and credit cards. The lender trusts your creditworthiness and offers you loans at the lowest interest rates. On the other hand, a low credit score increases your loan burden.
The good news is that you aren't stuck with poor credit forever. Stefto, in partnership with Credit Refine, can help you take control of your credit score and get your financial life on track!
