New Delhi, June 26 -- Several individuals in the country find themselves held back by a credit score of around 620. This is a score band which is often labelled as 'low' by financial institutions.

While loan approval might still be possible, it usually comes with steep interest rates, unwanted delays, cross questions and limited options. However, financial experts believe that with the right strategy, this score can be improved.

Vikkas Goyal, founder of Rupee112, says, "A low credit score isn't permanent. Build it up by managing credit responsibly, pay dues on time, avoid maxing out cards and limiting new loan applications. Small changes in your financial habits can lead to better credit scores over time."

Any credit score between 551 ...