Credit score, Oct. 6 -- As you must be aware credit score is an important element of fund raising. Whenever someone wants to raise a loan, banks invariably check the credit score of applicant to ensure their creditworthiness. A high credit score (above 720) means the applicant is trustworthy and the lender can comfortably offer huge amount of loan on convenient terms.

Conversely, someone with a poor credit score is offered loan at a high rate of interest. Now if you want to build a credit score to let it last a lifestime, these are some of the steps you can take.

Establish credit report: You may commence with a secured credit card or become a user of a family member's credit card. These indicate positive activity without high risk. Try ...