New Delhi, Feb. 10 -- A credit score is a three-digit number that reflects your credit worthiness. A good credit score is supposed to bemore than 700, and it can help you fetch a loan on convenient terms. On the other hand, when the credit score is lower than 600, it is considered poor and it means you may face difficulties in getting the loan at a low rate of interest.

Notably, it is a good habit to check yourcredit score on a regular basis. When you do so, it is known as a soft enquiry. When you carry out a soft enquiry, you can even spot mistakes that you can rectify.

Soft enquiry: A soft enquiry is the one when you check your credit score and make a report or when a lender (i.e., a bank) does a pre-approval check. This does not lead...