New Delhi, Aug. 29 -- At the time of raising personal loan, it is vital for borrower to have a good credit score. This is one of the most important criteria which lenders check to determine creditworthiness of a borrower.

Credit score, also known as CIBIL score, is a three-digit number between 300 to 900 which indicates the loan repayment ability of a customer. There are four RBI-licensed credit information companies in India. These are CRIF High Mark, CIBIL, Equifax and Experian.

A score above 700 is supposed to be a good credit score and the score less than 600 is considered poor. You can check your credit score here.

A good credit score means the person's past credit behaviour is impressive and a low credit score implies there were ...