New Delhi, April 30 -- Credit score is a three-digit number from 300-900 that showcases your credit risk to lenders. It is determined by your past credit behaviour or "financial reputation" and is used to demonstrate that you are financially responsible. Here, the higher your score, the better your creditworthiness, while a lower score conveys more risks and less reliability.

Notably, your credit score is not fixed and can be improved upon gradually over a period of six months to a year by following responsible fiscal patterns. This includes repaying a personal or secured loan without missing due dates, timely repayment of EMIs, bills, subscriptions, and credit card debt. The goal is to showcase responsible fiscal behaviour through repay...