India, May 2 -- A good credit score may not be necessary thing for everyday work, but if you are trying to get a loan or buy a house, it may be quite necessary. According to a FICO report, the average credit score in the United States is 717. Credit scores even matter at times for landing jobs in the US.

A credit score is a number of three digits that takes into account your timely payments of debt. If you use credit cards or have an existing loan, any default in your payment could impact your credit score. The concept of a credit score is almost similar in every country, be it the United States, or even India for that matter.ALSO READ | 'Perfect time' to buy gold amid market uncertainty? Economist Peter Schiff has this to say

If you ha...