When you apply for any credit card or loan from a financial institution, it fetches your Credit Report from one or more Credit Bureaus. During the assessment of your application, your Credit Report becomes an important factor for financial institutions to approve or reject your application or may even ask for more details. The better your Credit Score, the higher the chances of getting your loan application approved with favorable terms
It is advisable that you regularly check your Credit Report and Score and take appropriate action to maintain or improve your Credit Score.
