Role of good credit score:
In order to avoid all these headaches and to have a smooth lend and borrow relationship, it is better to have a good credit score. It is evident that lenders give lot of weightage to your credit score while issuing loans. How good you are at paying on time payments, whether or not you have a history of default and other points are taken in to consideration. If your profile is approved then you will be issued loan. With your score, you can even get loan at desired interest rate. Though this plays a major role there are other factors like credit obligation information and tax books from which your loan repayment ability can be analysed.
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