New Delhi, Feb. 27 -- Credit score is an important metric which banks and other financial institutions check before they take a decision whether to disburse a loan or not. There are a number of credit bureaus which enable users to checkcredit score.

When the credit score is high, banks and NBFCs are more than willing to offer loans at a concessional rate. On the contrary, when the credit score is low, banks get sceptical in giving loans. And even if they do, they tend to charge a high rate of interest.

It is recommended that borrowers check their credit score on a regular basis.

You should check your credit score at least once every three months, but ideally once a month if you are actively managing credit, applying for loans, or impro...