India, July 27 -- Improving your financial health starts with understanding your credit score. Whether you're planning to apply for a personal loan, home loan, business loan or credit card, lenders often review your credit score to assess how responsibly you've managed credit in the past. A healthy credit score can strengthen your overall credit profile, although lenders also consider factors such as your income, repayment capacity and their internal credit policies.

Your credit score is generated by licensed credit bureaus based on information in your credit report. In India, credit bureaus such as Experian, CIBIL, Equifax and CRIF High Mark calculate credit scores using their own scoring models. As a result, your score may vary slightl...