New Delhi, April 22 -- If you hold a credit card or have a running personal loan, it is recommended that you check your credit score from time to time. Typically, one should check the credit report at least once a year to stay abreast of one's creditworthiness.

The following are the key reasons why one must check their credit score from time to time.

I. Optimum interest rate: When your credit score is high, you can bargain for a low interest rate. And conversely, when your credit score is low, you can bargain for a high interest rate.

II. Spot an error: In case you spot a mistake in your report, you can approach the credit information company to get the mistake rectified.

III. Steps to improve your score: Sometimes, you need to take s...