New Delhi, March 25 -- Knowing the factors influencing credit score while availing of loans and credit cards in India is vital. Though everyone is aware of most of the key drivers, there are some hidden factors that influence credit scores that the borrowers themselves are not aware of. These important factors impact credit scores and are rarely highlighted by lenders.

The credit score concept is simple to explain, the greater the credit score, the greater the possibility of accessing the loan on lesser interest, and a low score may cause high interest or refusal of loan. Below are 7 key factors affecting your credit score that lenders hide:

Your payment history contributes to your credit score by about 35%, the highest. Missed or delay...