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When you apply for a credit card or a loan, your credit score is very important. It is a three-digit number that reveals an individual's creditworthiness to banks and other financial institutions. Credit scores are calculated using your credit history, which includes information such as your payment history, the number of loans or credit cards you have used, and so on. There are four major credit information companies in India: CIBIL, Experian, Equifax, and Highmark. A high credit score increases your chances of getting a loan or credit card, whereas a low score completely negates your chances. Banks are hesitant to lend or issue credit cards to people with low credit scores because they do not trust them with their money.  Even if you have a low credit score, if you get a card o...