It Pays To Keep Your Credit Score In Check

A debt spiral during the Covid crisis can hit your score

- Aprajita Sharma

STAY ON TOP

Review your credit score frequently as you live through COVID-19 crisis

With higher digital transactions, you must ensure correct data is being reported

It is your responsibility to fix errors if wrong data has been sent to credit bureaus

You can avail one free credit report each year from each credit bureau

THE BURDEN of paying EMIs when you have suffered a job loss or a salary cut can put you in a debt spiral. Your troubles may worsen if you are not careful about your credit score. You may not have been in the habit of checking your credit score frequently, but you must be proactive about it now as you live through the crisis.

With a lot of digital transactions happening, you need to ensure that right kind of data is being reported so that you are on top of your finances and ready to avail credit in future, says Sujata Ahlawat, VP, TransUnion CIBIL.

WHAT IS A CREDIT SCORE