New Delhi, Feb. 25 -- Lenders check your credit report to assess your creditworthiness. They evaluate the risk associated with lending to you based on the credit score and your borrowing and repayment history. Lenders will look at

A) Your credit utilisation, or the amount of credit you're using compared to your available credit.

B) Your credit mix, or the types of active and closed credit accounts.

Most importantly, they will look at your repayment history to see how you have serviced your credit. They will also look at recent inquiries made by other lenders to evaluate whether you are credit hungry. Consistent on-time payments, a low credit utilisation ratio, and a diverse mix of credit types can enhance your chances of loan approval....