New Delhi, May 7 -- If you have started using a credit card or took a personal loan recently, it is recommended to first check the credit score. For the unversed, a credit score is a three digit number between 300 to 900 which indicates creditworthiness of the customer. Higher the score, more credible the customer is and lower the score, less credible the customer.

It is highly recommended to keep checking the credit score from time to time. Here we list out the key advantages of checking the credit score on a regular basis-- at least once a year.

I. Enables you to improve your score: By finding out what is affecting your credit score (high credit usage, late payments), you can take specific steps to improve it.

II. Awareness of financ...