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- First of all let me tell u abt "Wat is Credit Scores"
A credit score is a number that indicates the measure of a consumer's credit risk at a particulare point in time. Credit scores are calculated from information contained in a consumer's credit report using a standardized formula.
Generally, the concept of credit scores is implemented in foreign countries like USA only. But the Credit and Information Bureau of India (CIBIL) is expected to rollout credit scores, built on databases provided by various banks. So sometime in the future Credit Scores can be the key to your whole financial life.CommentQuote0Flag