New Delhi, April 1 -- A credit score is nothing but a credit profile of an individual. It is a score card that helps in telling the lender as to how creditworthy, honest and sincere the loan applicant is with regards to repayment of their loans.

Not only this, an individual's clean credit profile, a high credit score also signifies that he has maintained a low credit utilisation ratio. This means that the borrower is not overly reliant or dependent on credit only for his day to day needs.

That is why having a credit score above 800 is generally seen as an indicator of financial reliability, honesty and fairness in consistent repayment. Even then many borrowers face loan rejections in spite of having such a high credit score.

This write...