Maintaining a healthy financial profile requires regular monitoring of both your credit report and credit score. These two components provide valuable information about your creditworthiness and are crucial when applying for loans, credit cards, or other financial services. Check
Your credit report serves as a comprehensive record of your credit history, encompassing details about your credit accounts, payment history, outstanding debts, and any negative marks like late payments or defaults.
On the other hand, your credit score is a numerical representation of your creditworthiness, derived from the information in your credit report. Lenders and credit card issuers rely on your credit score to assess the level of risk associated with lending to you. A higher credit score indicates lower risk, increasing your chances of approval for credit applications and potentially enabling you to secure better interest rates and terms.
