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Credit Management

Credit Score: Your Financial Report Card

How a 750+ credit score can save you lakhs in interest on loans.

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🎯 Key Takeaways

  • Aim for 750+ credit score
  • Good score saves lakhs in loan interest
  • Pay all bills on time - most important factor
  • Check your credit report annually for errors

📝 Video Transcript


      Your credit score is like your financial report card. Range: 300-900.
      
      Ideal score? 750+
      
      Why it matters:
      → Easier loan approvals
      → Lower interest rates
      → Better credit card offers
      
      Real impact: On a ₹50 lakh home loan, a good score can save you ₹5-8 lakhs in interest!
      
      How to improve:
      ✓ Pay bills on time
      ✓ Keep credit utilization below 30%
      ✓ Don't apply for multiple loans
      ✓ Check your report regularly
      
      Your score = Your financial power. Maintain it well!
    

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