New Delhi, May 14 -- A credit score of less than 600 is considered poor in India. Such a score can significantly impact your financial stability and prosperity. It is a given that low credit scores may lead to loan rejections and complications.

Still, there are several other lesser known consequences of low credit scores that can disrupt both personal and professional aspects of your life. It has also been observed across leading credit bureaus that scores above 750 have a higher loan approval rate in comparison to lower credit scores. This further highlights the difficulty in securing favourable loans, exclusive credit cards etc., in seamless fashion.

According to Raj Khosla, Founder & MD, MyMoneyMantra "Credit score is undeniably the ...