Credit Score Vs. Credit Remarks – Which is more important?

When applying for a personal loan online, a credit score plays an important role, and lenders first check your credit report to know your credit behaviour. If you have a score above 750, you can repay the bills on time.

But if you think you can get a loan just by having a score above 750, you are mistaken. Apart from credit scores, banks and lending institutions also consider the credit remarks in your report. If there are any negative remarks on your credit report, it will impact your creditworthiness negatively.

To have a clear picture, let’s briefly look at credit remarks and credit scores. By the end of this article, you will know which lenders consider more important.

What is a Credit Remark?

A credit remark is a statement that indicates an individual’s financial activities in the credit report. This statement is created based on the payback history of your credit. Few lending institutions also check the credit remarks to gauge your credibility.

Few Common Credit Remarks


This remark appears when you have partly paid the bills or prepaid a personal loan. Lenders usually consider this as a negative remark. As a result, you might face difficulties getting your loan application approved by the lender.

“Written Off”

This remark occurs when you fail to repay your dues for almost 180 days. It appears as “Written-Off” and is considered detrimental to your creditworthiness.

“Post Write-Off Settled”

This remark appears when you settle your outstanding debts after the Written-Off statement, and the status occurs after 180 days of non-payment of your pending dues. Your credit score will be severely affected when you have such remarks in your credit report.

“Willful Default”

This remark indicates that you intentionally failed to repay the loan amount even with sufficient funds.


Closed indicates that you have repaid your loan amount fully. Once you close your account, ensure that your lender provides you with a closure letter or no dues certificate.

What is a Credit Score?

A credit score indicates your creditworthiness, and it ranges from 300 to 900. Having a score above 750 shows that you have stable financial behaviour. Moreover, you can quickly get low-interest personal loans with high credit scores.

The credit score is generated based on your payment history, credit utilization ratio, length of your credit history, credit mix, and new credit.

Credit Score Table

Credit ScoreCredit Rating
300 to 600Very low
601 to 700Low
701 to 760Fair
761 to 800Good
Above 800Excellent

Credit Score or Credit Remarks- Which is considered more important by the lender?

You can have a good credit score above 750 and still get rejected by your lender if you have a lot of negative credit remarks. Moreover, lenders give more importance to your remarks as it shows your payback behaviour. Therefore, having a high score is not sufficient to get instant loan approval, and your credit remarks matter the most.


It is essential to review your credit report to know your overall credibility. You must make sure to keep negative remarks off the credit report. Making timely payments throughout your tenure period will help rectify your statement and increase your credit score considerably.

Most Popular

To Top
India and Pakistan’s steroid-soaked rhetoric over Kashmir will come back to haunt them both clenbuterol australia bossier man pleads guilty for leadership role in anabolic steriod distribution conspiracy