New Delhi, Feb. 19 -- A credit score is an important metric of your financial liquidity. This is a three-digit number that gives an indication of your creditworthiness.

Lower thecredit score, poorer the creditworthiness and conversely, higher this number - higher the creditworthiness. Before banks offer loans to someone, they tend to judge a person's creditworthiness via his/her credit score.

When a financial institution finds that the applicant's credit score is high - it is more likely to extend the loan since he is seen to be financially sound. And when someone has abad credit score, it implicitly means that the person is financially not sound, thus restraining the bank from offering a loan to that person.

However, there are several...