New Delhi, Aug. 28 -- Do you think it is possible to raise your credit score from a humble 550 to a whopping 750 within a short period of one year? There are several steps that one needs to follow.

First of all, one needs to check thecredit report, clear overdue payments, use thecredit card responsibly, maintain ahealthy mix of credit, avoid too many new applications, and keep old accounts active.

I.Check the credit report: At the outset, one must check the credit report andspot for any inaccuracies. You can write to the credit information company to make a relevant change in the credit report.

II.Clear overdue payments: A low credit score usually stems from overdue payments. So, the dues must be cleared first of all.

III.Use the cred...