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An excellent credit score is anything above 800, according to Fair Isaac Corp.’s FICO model.
A LendingTree analysis of people with credit scores of at least 801 found that those with excellent credit have an average of nine open accounts.
These borrowers also have a credit limit around $71,000, a credit utilization rate under 6%, and no record of late or missed payments in the past four years.
Get help with your credit score from Experian »

Credit scores are an essential part of adulthood. 

The three-digit number is an indicator of your trustworthiness as a borrower. If you have a low credit score, or none at all, buying a house, renting an apartment, taking out a loan, or opening a new credit card won’t come easy.See the rest of the story at Business Insider

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How to decide whether you should use a credit card or a loan to borrow moneyThere are only 2 situations where you don’t need life insurance — otherwise, you should have itYou can leverage your home to borrow cash if you need it, but be wary of shady lenders

Original Source: feedproxy.google.com

With the COVID-19 pandemic disrupting businesses globally, technology will play a "stronger role than ever before", enabling economic recovery, Microsoft India President Anant Maheshwari said.

Speaking at the Microsoft Envision Forum 2020, Maheshwari noted that the coronavirus pandemic has changed businesses, communities, industries, and the world, forever.

"No one company is going to solve a challenge like this alone, and it is going to take the private and public sectors working together to turn the tide on COVID-19. As we continue to work through the current situation and plan for the future, it's clear that the change required is significant – as is the potential opportunity across industries," he said.Also Read9,100 coronavirus-themed cyberattacks in India between Feb 2-May 2: Microsoft

He added that technology will play a key role in management of social sector programmes across education, health and public distribution, helping to strengthen the economy.

"Technology will play a stronger role than ever before – enabling economic recovery and helping each one of us achieve more," he emphasised.

The event, which was organised digitally on Friday, saw industry leaders across banking, financial services and insurance, manufacturing and retail sectors deliberate on the need for innovation and real-world digital transformation.

Aarthi Subramanian, Group Chief Digital Officer at Tata Sons, said COVID-19 will accelerate the scaling of digital across industries and investments in cloud, artificial intelligence and cybersecurity.

"Digital transformation in companies will focus on new end-to-end customer journeys and we will see an increase in adoption of automation in manufacturing industries. They will also invest in enhancing employee engagement given the remote working model," she added.

In another development, reported by a Microsoft executive, it was found that cybercrooks are using COVID-19 to make ransomware and phishing attacks on people.

"Between February 2 and May 2, we saw 9,100 total file encounters related to COVID-19 or coronavirus. It means our detection tools actually saw malware, URL, an attachment, or a phishing email using COVID-19 as a lure to get somebody to download malware to the system or potentially to give up their credentials via a phishing attack," Microsoft Corp Corporate Vice President (Cybersecurity Solutions Group) Ann Johnson told reporters on a conference call.

(Disclaimer: Additional background information has been added to this PTI copy for context)

(Edited by Kanishk Singh)

How has the coronavirus outbreak disrupted your life? And how are you dealing with it? Write to us or send us a video with subject line 'Coronavirus Disruption' to [email protected]

Original Source: yourstory.com