A credit score or a CIBIL score is a numerical representation calculated through a balanced evaluation of a person’s credit particulars. The credit score is useful for ascertaining the creditworthiness of an individual. It is primarily established based on a credit file containing relevant financial data obtained from various credit bureaus. In our country, the Credit Information Bureau (India) Limited (CIBIL) is one of the three sanctioning credit information bodies that collates and maintains the records of all the credit-related activities such as availing loans and credit cards of companies and individuals.