The objective of this project is to explore the importance of credit scores in debt management and risk assessment. It aims to understand how credit scores influence borrowing capacity, interest rates, and financial decision-making for individuals and financial institutions.
Study the concept and calculation of credit scores.
Analyze factors affecting credit scores such as payment history and credit utilization.
Collect sample data on individuals’ credit behavior (primary or secondary sources).
Examine how credit scores impact loan approval and interest rates.
Study the role of credit bureaus in maintaining credit records.
Compare credit score systems used in India and other countries.
Identify common practices that negatively affect credit scores.
Conduct surveys to understand awareness of credit scores among individuals.
Analyze correlation between credit scores and debt repayment patterns.
Develop strategies for improving credit scores.
Present findings using charts and dashboards.
Suggest recommendations for individuals to manage debt effectively.
Conclude with insights on reducing financial risk through better credit management.
