New Delhi, June 24 -- A jump in your pay package definitely brings you. Still, does it boost your credit score and your creditworthiness? To put it simply, given higher incomes hold promise but their influence on one's credit score is indirect only.

A credit score is like a report card. It ranges from about 300 to 900 and reflects the loan repayment history, creditworthiness, integrity and the repayment capacity of a borrower. The higher the score the better it is.

Now salary hikes are not directly reported to credit bureaus. That is why salary hikes have no direct correlation with credit scores. Banks might consider them for credit card or loan eligibility, still the credit score itself is based on behaviour and not income.

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