New Delhi, March 19 -- Your credit score determines your ability to get loans or mortgages and obtain an apartment through rental agreements in various financial aspects. Your creditworthiness determination depends on lenders seeing how you handle money through your score.

Equifax India operates as the credit bureau in India through its legal entity Equifax Credit Information Services Private Limited (ECIS) which holds a Reserve Bank of India (RBI) licence under the Credit Information Companies Act of 2005. Each banking institution along with NBFCs and other financing organisations sends Equifax their consumer credit information each monthly period.

The three-digit credit score indicates your creditworthiness through values ranging betw...