New Delhi, July 25 -- If your credit score is low and you want to improve it, one of the most effective ways is to start small and build it over a long period of time. For instance, if raising Rs.5 lakh is not possible, then you could start with a humble Rs.50,000. After you repay the loan on time, you would be one step closer to raising a higher loan amount.

Once yourcredit score improves, you will be entitled to raise a loan of a higher amount. However, the bigger problem arises when you are not eligible to raise even a small amount of loan in the first place.

This could stem from two different scenarios:

Scenario I:You have a low credit score: If your credit score is low, you could build it gradually by applying for a lower denomina...