New Delhi, Oct. 8 -- As we are all aware, a credit score is vital for the approval of a loan. The higher the score, the better the chances of securing a loan. Conversely, you have fewer chances of loan approval when your score is low.

But the credit score is transient. When your score is low for the time being, it won't remain low forever unless you let it be. You may have faced financial hardships, which led to a poor score. How do you come out of it?

There are various ways in which you could rebuild your score after having gone through a slew of financial hardships.

These are some tips and tricks.

Bring overdue accounts current: You could reach out to creditors to negotiate payment plans for outstanding debts, as bringing accounts u...