Credit score, April 25 -- Whether you are applying for a car loan, a home loan, personal loan or even for a credit card, commercial banks tend to check your credit worthiness. This is measured by a three-digit number between 300 to 900 known as a credit score. There are numerous factors which influence your credit score. These include your payment history, overall credit mix and credit utilisation ratio (CUR) and not on other avoidable factors such as whether you hold a credit card or not.

There are a number of misconceptions which GenZ and youngsters hold about the credit score. Here, we try to bust these beliefs.

I. Credit scores refer to how much debt you have: While debt holds significance, the rate of credit utilisation, the paymen...