Credit history

It's the record of every loan and credit card you've had, how much you borrowed and whether you paid on time. Credit bureaus keep it, and lenders read it before deciding on a new loan or card.

Lenders have nothing to judge you by, so you may show as having no score. A common way to start is a secured credit card against a fixed deposit, used lightly and paid in full on time.

RBI requires every credit bureau to give individuals one free full credit report, including the credit score, once a year on request. The report shows your accounts and payment record.