How Your Credit Score Is Used?

A credit score is primarily based on the information present in your credit report which is sourced from the credit bureaus. Lenders, such as banks and credit card companies, use your credit scores to evaluate the potential risk posed by lending money to consumers and to mitigate losses due to bad debt. Let’s look at some of the areas where your credit score is taken into consideration.

Source: https://indialends.com/how-your-credit-score-is-used