New Delhi, Sept. 4 -- Second-year engineering student Vineet Mishra is planning to buy a motorbike next year. As he inquired about credit, he learnt the concept of credit score, which is the benchmark of a customer's creditworthiness. When he did some research on social media, he discovered that it was far more important than he ever knew.

Not only Vineet, but a credit score is profoundly important for anyone and everyone. From raising a small loan to applying for a credit card, it plays a key role in securing a good deal with the bank. Lenders typically turn down the loan applications of those applicants whose credit scores are abysmal, whereas applicants who possess high credit scores are generally offered loan deals on convenient term...