Your credit score is one of the most powerful numbers in your financial life. In 2026, lenders rely heavily on credit scores to decide loan approvals, interest rates, and limits.

What Is a Credit Score?

A credit score reflects your creditworthiness based on past repayment behavior.

Score Range Explained

Higher scores indicate responsible credit use, while lower scores signal risk.

Factors Affecting Credit Score

Payment history
Credit utilization
Credit age
Number of inquiries

How to Improve Credit Score Fast

Pay dues on time
Reduce credit card usage
Avoid multiple loan applications
Maintain old credit accounts

Myths About Credit Score

Checking score does not reduce it
Income does not directly affect score

FAQs

How often should I check score?
Once every few months is sufficient.

---

🔹 Article #7

Debt Consolidation Loan: Combine EMIs & Reduce Financial Stress

Managing multiple EMIs can be stressful. A debt consolidation loan allows you to merge multiple debts into one loan with a single EMI.

What Is Debt Consolidation?

It replaces multiple high-interest loans with one manageable loan.

When Does It Make Sense?

When interest savings are significant
When EMIs are unmanageable

How to Calculate Savings

Compare total repayment before and after consolidation.

Common Traps to Avoid

Taking new debt after consolidation
Choosing longer tenure unnecessarily

Smart Repayment Strategy

Stick to one EMI
Avoid credit misuse

FAQs

Does consolidation affect credit score?
It may temporarily dip but improves long-term health if managed well.