23-Sep-2015 written by : FSI-Team
Everybody knows the importance of having a good credit information history and good credit score to get better interest rates on loans and easy approvals. For example a CIBIL TransUnion score of 750 or above is considered as a healthy borrower. Though the exact formula for calculating credit score is very complicated and not usually disclosed by any credit bureau, there is a fair idea available on the different aspects of your credit history on the basis of which your credit score is calculated. So what are the factors that affect a person’s credit score?