What is this hoo haah around credit score? why does it matter?
Credit score isn’t just a number. It reflects your creditworthiness, your credit history, spending and repayment habits and most importantly, your financial discipline. When you go out to apply for a loan (could be personal or home loan or any other type of loan), this credit score is among the top things that are checked. Your interest rates are determined by your credit score and financial habits.
If you have a higher credit score, you will get faster approvals on loans and credit cards. Not only this, you can nudge the terms of credits in your favour. A good credit score starts at 750. Anything below 650 should be concerning to you.
I don’t exactly know where you are in your journey but a word of advice for you, if you have a credit card, make sure you are making regular and full payments. Keep your finances in check. If you have any loans, pay them off timely. Doing all this will ensure you have a good credit score.