How to determine credit score?

### Introduction Get your credit card in a minute..!! This is the advertisement displayed by most of the banks which attracts a lot of people and motivates them to apply immediately.. But, how many of us get it approved? Non approval happens due to a bad score or poor financial health. Credit score plays a major role when you try applying for a loan or a credit card. ### Why is credit score awareness important? It is as important as expenditure management. There are several times in life when we either go bankrupt or some emergency situation might demand instant cash. In those cases, people often opt for loan or utilize credit cards. Such requirements get approved if and only if your credit score is healthy. ### How do we determine a credit score? There are various ways to determine credit score: 1. **Approach a banking institution**: Octopus Loan enables customers in knowing their credit scores based on answers to a few financial questions and their spending habits. 2. **Visit CIBIL website**: Borrowers or applicants can visit CIBIL website and apply in the form available for knowing the credit score. 3. **Buy the credit score**: The eventual option is to buy the credit score from reliable credit reporting companies. ### Tips: - Higher the credit score, higher the possibilities in getting your application sanctioned. - To maintain or enhance credit score, always have a financial plan for the month. ### Conclusion Determination of credit score is indeed easier and quicker with quality brands like Octopus loan that can direct, walkthrough and assist in major financial decisions.