New Delhi, April 9 -- Credit score plays an important role in securing a credit card or raising a personal loan on convenient terms. And when someone's credit score is absymally low i.e., below 600, s/he finds it hard to get a loan at a low rate of interest.

What will you do when your credit score is lower than 600? Of course, you will need adequate time to improve the score. Importantly, you need to first identify the reasons that are responsible for a poor credit score.

Typically, low score can be attributed to non-payment of credit card bills or default in loan EMIs, or both. Sometimes, a customer may find his score low because of lack of credit history. There could be other reasons also such as high credit utilisation and payment of...