Credit Score: A credit score reflects repayment ability and credit history, affecting loan approvals and terms. Ranges from poor to excellent indicate risk levels for lenders. Timely payments and cautious borrowing can improve credit scores, enhancing borrowing options.

​Credit Score: A credit score reflects repayment ability and credit history, affecting loan approvals and terms. Ranges from poor to excellent indicate risk levels for lenders. Timely payments and cautious borrowing can improve credit scores, enhancing borrowing options.