Will I be denied loan because of poor Credit score? Clear your doubts about credit score
Zee Business Video Team | Updated: May 8, 2025 11:50 AM IST
An individual’s credit score tells about their past credit behaviour, revealing several important aspects about the borrower. The score captures payment regularities, helping the lender detect both disciplined borrowers as well as serial offenders. Based on the credit score, lenders like banks and NBFCs decide the terms and conditions of the credit facility for potential borrowers. Though people often hear about the credit score, they hardly know its meaning until they approach a lender to apply for a credit facility.
