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Imagine your credit score is 760. Why do you think you have such a good credit...

Imagine your credit score is 760.

Why do you think you have such a good credit score and what will you do in the future to keep it like this?

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Answer #1

A credit score is the score given to an individual by the credit rating agencies. It indicates the credit worthiness of a person i.e. whether the person will be able to repay the loan on time or not.

A credit score between the range of 740 to 799 is considered to be very good. 760 lies in this range so it is a very good credit score. The reason for such credit score is that I have been paying my bills on time and using minimum credit facilities. This way I have ensured that maintain a good credit score. It will be useful to me in the long run if I require another loan. So, in future also I will pay my bills and loans on time and loans also try to use minimum credit facility allocated to me.

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