Ashish Sharma works in a good position at a real estate company. He earns well and lives with his wife and two children.
He owns several credit cards. However, he has one habit that cost him dearly—he often forgets to pay his bills on time.
Recently, his home loan application of ₹75 lakh was rejected, despite his high income. When he asked the bank why, he learned that his credit score was too low.
So if you’re also missing payments—be it credit cards or even Amazon Prime subscriptions—it’s time to be cautious.
Your Financial Habits Are Being Closely Watched
No matter how much you earn, your credit score reflects your money habits. It shows how responsible you are with your finances.
If you regularly pay bills late, your score will drop. A high credit score increases your chances of loan approval, while a low score can lead to rejection.
4 Credit Bureaus in India
In India, your credit score ranges from 300 to 900. A higher score means a better chance of getting loans. There are four companies that prepare these scores:
CIBIL (oldest)
Experian
Equifax
CRIF High Mark
If you haven’t checked your credit score lately, it’s a good idea to do so. A score above 750 is considered good.
Even OTT Subscriptions Can Hurt Your Score
Sujata Ahlawat, Senior Vice President at TransUnion CIBIL, explains that delayed payments, even for Netflix or Amazon Prime, can affect your credit score.
If your savings account doesn’t have enough money during auto-debit, it’s counted as a default. These small defaults can lower your score over time.
Avoid These Common Mistakes
If you use too much of your credit card limit, your score may drop.
Always pay bills on time—whether credit card, EMI, or subscription services.
Keep a check on your credit score regularly.
Credit bureaus now use AI and smart algorithms to monitor financial behavior. One missed payment can be enough to pull down your score quickly.
