What your credit score actually measures
A number summarising how reliably you have repaid past credit, built from your repayment history, how much of your limit you use, and how long your accounts have existed. It decides whether you are approved and at what rate. On a large home loan, a rate difference driven by score can be worth lakhs over the tenure.
What it means
A number summarising how reliably you have repaid past credit, built from your repayment history, how much of your limit you use, and how long your accounts have existed.
Why it matters to a household
It decides whether you are approved and at what rate. On a large home loan, a rate difference driven by score can be worth lakhs over the tenure.
Where it trips people up
Believing that checking your own score damages it — it does not. What damages it is high credit card utilisation, missed payments and a rush of loan applications in a short window.
In an Indian household
India has four bureaus, and lenders may check any of them. Scores can differ, and errors are common enough that an annual check is worth the ten minutes.
Where FamTally comes in
FamTally is a free AI-driven money manager built for Indian families. It holds your loans, income, expenses, assets, insurance and goals in one place, forecasts five years ahead, and lets you ask an assistant questions about your own numbers rather than looking up general advice. Everything on this page is the kind of thing it works out for you automatically.
Stop doing this in a spreadsheet
FamTally keeps your loans, income, expenses, assets, insurance and goals in one place, forecasts five years ahead, and answers questions about your own numbers. Free, and built for Indian families.
Start freeQuestions people ask
What your credit score actually measures
A number summarising how reliably you have repaid past credit, built from your repayment history, how much of your limit you use, and how long your accounts have existed.
Why does it matter?
It decides whether you are approved and at what rate. On a large home loan, a rate difference driven by score can be worth lakhs over the tenure.
What do people usually get wrong?
Believing that checking your own score damages it — it does not. What damages it is high credit card utilisation, missed payments and a rush of loan applications in a short window.
Is there anything India-specific?
India has four bureaus, and lenders may check any of them. Scores can differ, and errors are common enough that an annual check is worth the ten minutes.