New Delhi, March 10 -- If you are looking for a loan in the near future, it is vital to have astrong credit score. Generally, a credit score above the level of 700 is believed to be good, which not only helps you secure a loan but also get it at a lower rate of interest.

Therefore,a credit score below 700 can be a stumbling block in procuring a personal loan. As your credit score continues to slide, the situation turns from bad to worse.

Remember that it becomes a cause of concerns for a prospective borrower when the score falls below the level of 600. In other words, if your credit score falls below 600, it should set the alarm bells ringing.

However, the level of concern depends on two key factors: type of loan and category of lender...