New Delhi, Feb. 27 -- If you have a poor credit score, say 650 or lower, it is not easy to procure a loan from a bank. And if you are lucky -- the bank or a non banking financial corporation (NBFC) may charge a higher rate of interest for approving the loan.

Meanwhile, if you are planning to raise a large loan sometime next year or towards the end of this year, you may make a conscious attempt to push your credit score upward. There are certain tried and tested ways to improve your credit score. These include reducing credit utilisation, clearing off debt, taking a secured credit card and diversifying credit mix.

Here we list out the most effective and feasible steps to improve the credit score

1. Check credit report: Get a free credit...