New Delhi, May 14 -- Maintaining a healthy credit score remains crucial for borrowers seeking loans, credit cards or favourable interest rates. Now, with the Reserve Bank of India's recent reforms boosting credit reporting transparency, it is crucial to avoid common pitfalls that can negatively impact your creditworthiness.

A credit score is nothing but a numerical representation of a person's creditworthiness. It ranges generally from 300 to 900. Its calculation is based on factors such as credit history, repayment capacity, repayment behaviour and total debt levels.

Lenders use this metric to assess and understand the risk of lending money or approving credit cards and loans to individuals. These are some factors that cumulatively inf...