Credit Score Facts And Fallacies
                     Credit Score 
Facts And 
Fallacies
© Clix Capital Services Pvt. Ltd. All rights reserved.
Reduce the 
credit 
utilization ratio
The credit score is one of the most 
essential ways of dealing with credit 
eligibility to get approval on a line of 
credit. It is one of the most talked-about 
aspects in terms of credit eligibility by 
the loan providers and financial 
institutions. When you submit an 
application for a loan or credit card, 
your credit score is the very first thing 
that is judged by banks or financial 
institutions.
© Clix Capital Services Pvt. Ltd. All rights reserved. 2
A low credit score permanently 
damages your score
It is very important to understand the fact that a 
credit score is the most essential aspect of 
borrowing and certainly needs a lot of attention. 
However, there are a lot of myths and fallacies 
that prevail. It is one of the most rumored factors 
and there is a lot of false information here and 
there. Remember, any wrong information will lead 
to a low credit score and you would certainly not 
want that to happen to you. It is important to 
understand the reality behind the fallacies that we 
often believe to be true.
© Clix Capital Services Pvt. Ltd. All rights reserved. 3
A credit score decides 
whether you get credit 
or not
A credit score is the first thing that is checked 
by banks and financial institutions. It certainly 
represents the credit record and credit 
background of individuals and it helps financial 
institutions gain information about finances. 
However, a credit score is not everything. 
There are other factors as well that play a vital 
role, like income, employment, and security. A 
loan provider runs a complete check, so you 
need to take care of all the factors and not just 
your credit score in particular.
© Clix Capital Services Pvt. Ltd. All rights reserved. 4
Your credit score invades your 
personal space
A credit score is a numerical analysis of 
your credit journey. It only represents the 
financial activities and records from the 
past to the present. There is no personal 
information or anything related to the 
individuals that are shared with the loan
 provider. The credit score is only limited to 
financial information and nothing else. 
There is no chance of any personal 
information as it is limited to financial 
records only for the approval of loans or 
credit cards. You can be best assured that 
you are not sharing your privacy or 
integrity with the credit card bureaus.
© Clix Capital Services Pvt. Ltd. All rights reserved. 5
Thank You
For more information please contact:
Clix Capital Services Private Limited
Email: [email protected]  |  Mobile: 18002009898  
This information made available is privileged and confidential and meant for private circulation only. The recipient/reader shall not engage in reproduction or distribution of this document, in whole or 
in part, or make disclosure of its contents, without the prior written consent of Clix Capital Services Private Limited (Clix). This information contained herein is provided strictly for informational and 
internal discussion purposes and does not create a business or professional services relationship, nor does it constitute an offer or solicitation of an offer or any advice or recommendation, to 
purchase any securities or other financial instruments.
This document has been prepared on the basis of data provided by companies, publicly available information, internally developed data, and other third party sources believed to be reliable. Whilst 
no action has been solicited based upon the information provided herein, Clix exercises due care in selection of the information to avoid inaccuracies and believes the representations contained 
therein as fair and reasonable. However, it does not guarantee the accuracy of any such information and has not independently verified the assumptions on which such information is based. Clix 
along with their respective directors, employees, affiliates, or representatives do not assume any responsibility for, or warrant the accuracy, completeness, adequacy, and reliability of such 
information and none shall be liable for any direct, indirect, special, incidental, consequential, punitive, or exemplary damages, including lost profits arising in any way from the information contained 
in this material.
Recipients of this information should rely on information/data arising out of their own investigations. Readers are advised to seek independent professional advice and arrive at an informed 
investment decision before making any investments. Investments in securities are subject to market risks. No assurances, guarantees, or representations can be made that the objectives of any of 
the investments will be achieved. Readers should note that investments will involve significant risks and the investments may not be suited to all categories of investors.
Certain information contained in this  document may constitute ‘forward-looking statements,’ which can be identified by the use of forward-looking terminology. Due to various risks and 
uncertainties, actual events or results, or the actual performance of the company and the group  may differ materially from those reflected or contemplated in such forward-looking statements. Clix 
is not responsible or liable for any loss resulting from the management of any such investments. Willing investors should have the financial ability and willingness to accept risks and lack of liquidity, 
which are characteristics of the investments described herein. www.clix.capital