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Decoding Credit Score With Onescore - How to Navigate Your Credit Life

Understanding the power of your three digit credit score can open up avenues for better credit availability when you really need it. OneScore’s Chief Risk Officer, Devang Shah and Experian’s MD, Neeraj Dhawan offer insights on what is credit score and how to build a robust one, like a boss.

March 31, 2022 / 08:49 PM IST

At some point in our lives, we all avail credit… or try to. For some, their credit score can mean the difference between access to loans, insurance and credit cards, and having to go without.  Most Indians still don't understand what a credit score is, where to check it, why it is important, and how to improve it. To remedy this situation, OneScore has teamed up with MoneyControl.com to launch #ScoreDekhaKya, an exclusive educational campaign that consists of 4 insightful masterclasses.

In the first of these masterclasses, MoneyControl's Ruchiraa Sharma spoke with Devang Shah, Chief Risk Officer and Head of Decision Science, OneScore and Neeraj Dhawan, MD, Experian India.

What is a Credit Score?

This was a question that always bothered the founders of the OneScore App. As seasoned bankers, they could clearly see the gap in the market, and how this was impacting credit seekers, especially the youth and those who struggled with poor credit scores. The first thing the company addressed was the creation of a dead simple way to check one's credit score, for free - the OneScore App.