New Delhi, Oct. 21 -- Having a high credit score is more advantageous than one can imagine. It helps you raise personal loans and credit on favourable terms. But the benefits are not limited to this. An impressive score offers several other advantages as well.

Although the credit score is not yet a key factor in India in transactions beyond lending, such as renting or employment, it is gradually becoming a make-or-break consideration. For instance, a wedding was called off in February this year at Murtizapur in the Vidarbha region of Maharashtra when the girl's family discovered that the boy had a poor credit score.

I. Leasing equipment: When you lease a vehicle or business equipment, the lessor would view you as a credible and low-risk...