New Delhi, Nov. 11 -- There are numerous factors which contribute to building a credit profile of individuals. These include payment of debt on time, credit utilisation ratio, level of debt diversification, and credit history. Although most of these factors are independent of each other but credit history is one thing which entails most of these constituents.

This is perhaps one reason for which younger folks have no or poor credit history, and as a result, they find it hard to get approval for a credit card. Conversely, mature professionals who have been earning for a long time have a greater likelihood of a better credit history because they have probably navigated the credit maze for a long time.

If we compare younger professionals w...