New Delhi, May 16 -- Credit products like loans and credit cards can play an important role in achieving various life goals and improving the quality of life. However, a good credit score is one of the important criteria for banks to approve any loan or a credit card. In this article, we will understand what kind of credit instruments an individual can avail at various life stages and why it is important to maintain a good credit score and profile at every life stage.

Let us look at some of the life stages and which credit products can an individual avail of during each life stage. We will also see how the credit score and profile play an important role in availing credit products.

1. Credit card at the start of the career: In the case ...