New Delhi, March 3 -- If you never held acredit card and never took a loan then the chances are that your credit profile does not exist. This means the bank may refuse to give you a credit card or afresh loan.

This is a common problem among young loan seekers who have recently started earning and do not have acredit profile to speak of.

So, what is one supposed to do in such a case? One of the important steps which one can take is to build the credit profile step by step.

I.Get a secured credit card: Procuring a secured credit card is a quick way to build your credit profile. Those who are not aware - asecured credit card is a card issued against the collateral of a fixed deposit (FD) of equal or more amount.

For instance, if someone ...