What is a good, bad, and ugly credit score? Key differences explained

A poor credit score reflects poorly on not only a person's finances but even his character. Therefore, a higher credit score reflects a stronger financial might, greater trustworthiness, creditworthiness and it hugely enhances the chances of securing loans and credit cards with favorable terms and conditions. Some examples of leading financial institutions in India that look at credit scores, credit profiles, repayment capacities, loan repayment endurance levels are: HDFC Bank, Bajaj Finance, ICICI Bank, Kotak Bank, Bajaj Finserv among others. Now let us discuss the good, bad and ugly credit scores briefly: The Good A good or high credit score opens up numerous financial opportunities. Now with a low credit score an individual might still secure home loans, personal loans or credit cards, still all of this often accompanied by higher interest rates.