New Delhi, July 4 -- A sluggish or a weak credit score can prevent approval for personal loans or credit cards. This can easily force you to pay steep interest rates on relatively less flexible loan products. Hence, a very low credit score and difficult loan terms, high interest rates all cumulatively act as a cycle. Still, with discipline, composure and efficient planning you can turn this around in your favour as a sensible borrower.

Therefore, to bounce back in such a case a borrower must go back to the basics and try to control fundamental things such as making credit card payments on time, never skipping EMIs, avoiding high interest personal loans etc.

Credit scores follow a scale of 300 to 900. These scores are provided by leading...