New Delhi, March 5 -- A 900 credit score is epitome of financial discipline. But can we achieve it and does it make a significant financial impact from almost perfect? Let's strip out the myths from reality.

Indian credit scores range between 300 and 900, of which 900 is issued by credit bureaus like CRIF High Mark, TransUnion CIBIL, Experian and Equifax. 900 indicates flawless financial conduct, timely payment, minimum utilisation of credit, and balanced credit utilisation ratio. It is nearly impossible to have a credit score of 900.

Still, though improbable, it is entirely possible to have a very high score. It requires years of good fiscal management, for example, not missing a payment and having an old credit account and maintaining...