Credit Score is nothing but the creditworthiness of a person i.e. his/her ability to repay the loan/debt or we can say that higher the credit score, lower the risk of default by borrower & vice versa As i have mentioned many times in my previous posts that we Indians are very good in copying the alien concepts without understanding the core concept (No offence to anyone). India's CIBIL Transunion score is one such example, its a copy of American Credit Score concept i.e. FICO (Most widely used credit score model in USA). FICO provide two credit scores because America has two ... Read More