New Delhi, March 27 -- As an individual grows older and approaches retirement, financial security becomes a top concern. While pensions and savings remain the primary focus for many, a good credit score is equally significant.

A credit score, generally ranging from 300 to 900, reflects an individual's creditworthiness. A higher score indicates better creditworthiness.

Furthermore, any credit rating above 750 is considered excellent, increasing the likelihood of lower interest rates on personal loans, greater flexibility in repayment, a smoother credit card application process, and better access to financial products.

Retirement cannot get rid of credit. House repairs or hospital bills could be some of the unforeseen requirements. That ...