New Delhi, Jan. 28 -- Once your credit score rises above 750, many financial benefits open to you by way of lower interest rates on loans and credit cards, better insurance rates, and more access to credit. If you are hovering around 600, this will serve as a good helper guide for achieving your goal.

Credit score-or a number that indicates your standing with credit, in lieu of refunds-provides a figure as to how likely you are to repay a loan. High scores indicate reduced risk for lenders (on an arbitrary scale of 300 to 900). Having a very high score will bring better terms for the personal loan, better insurance rates, as well as a much easier time finding a rental place. A bad score can, on the other hand, deter lenders from giving y...