Poging GOUD - Vrij
Credit Score: A Short Introduction
The New Indian Express Mysuru
|August 11, 2025
Credit score is a numerical representation of creditworthiness, reflecting how likely you are to repay borrowed money.
It's calculated based on your credit history and is used by lenders to assess the risk of lending to you. Credit scores range from 300 to 850, with higher scores indicating better credit. Most common models are Transunion Cibil, Experian, Equifax, etc.
Factors affecting credit score
• Payment history (35%): Whether you pay bills on time. Late or missed payments, or defaults hurt your score.
• Credit utilization (30%): The ratio of credit card balances to credit limits. Lower utilization is better.
• Length of credit history (15%): The age of the oldest account, average age of accounts, and age of newest accounts.
• Types of credit (10%): A mix of credit types (credit cards, mortgages, auto loans) can positively impact your score.
Dit verhaal komt uit de August 11, 2025-editie van The New Indian Express Mysuru.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN The New Indian Express Mysuru
The New Indian Express Mysuru
ITC Hotels to acquire resort in Kerala
ITC Hotels on Friday signed definitive agreements for the acquisition of the luxury resort - Zuri Kumarakom, Kerala Resort & Spa (Resort).
1 min
May 16, 2026
The New Indian Express Mysuru
Rapido raises $240 million at valuation of $3 billion
ROPPEN Transportation Services Private Limited (Rapido) has raised $240 million in fresh capital, led by Prosus, with participation from WestBridge Capital and Accel, and other investors, as part of a $730 million primary and secondary financing.
1 min
May 16, 2026
The New Indian Express Mysuru
Jobless lawyers like cockroaches: CJI
CHIEF Justice of India (CJI) Surya Kant on Friday likened some unemployed young lawyers and activists to “cockroaches” and “parasites” and said that they attack the system after failing to find employment and become media, social media, and RTI activists.
1 min
May 16, 2026
The New Indian Express Mysuru
UAE to fast-track construction of pipeline bypassing Strait of Hormuz
THE UAE is to fast-track construction of a new oil pipeline bypassing the Strait of Hormuz, official media said on Friday, after the West Asia war crippled exports through the vital waterway.
1 min
May 16, 2026
The New Indian Express Mysuru
China done, India next for WC telecast
FIFA’S broadcasting department will train their focus on getting a cut-price deal with an Indian broadcaster over the next week.
1 min
May 16, 2026
The New Indian Express Mysuru
Clifford hopes CFC sign off with win
A BELEAGUERED Chennaiyin FC side will be keen to conclude their season with a win against rival Bengaluru FC in the ISL on Saturday.
1 mins
May 16, 2026
The New Indian Express Mysuru
Pay ₹3 a litre more for petrol, diesel
Freight rates set to jump, analysts see 15-25 basis points hike in retail inflation
1 mins
May 16, 2026
The New Indian Express Mysuru
Trump wraps up China tour with no substantive wins
Two countries agree to implement all existing trade agreements; Trump says did not discuss tariffs with Xi, goes soft on Taiwan concerns
2 mins
May 16, 2026
The New Indian Express Mysuru
Boxer Sakshi takes big step in fulfilling promise
AFTER years of trials and tribulations, Sakshi Chaudhary is finally showing signs of fulfilling her promise.
2 mins
May 16, 2026
The New Indian Express Mysuru
JD(U) MLA may be held as court refuses relief
THE sword of arrest is hanging over the head of JD(U) MLA from Mokama and strongman Anant Singh, as a local court in Bihar on Friday refused to grant any relief in a case related to the display of weapons.
1 min
May 16, 2026
Listen
Translate
Change font size