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No Pain, Shame if you Miss EMIs till May 31
A consumer’s credit score is a composite value calculated after taking into account product holding (type of loans and cards one has), leverage and repayment pattern to evaluate credit risk. Currently, we are waiting to see how the EMI repayment moratorium, advised by the RBI, is implemented by the lenders,” said Experian India managing director Sathya Kalyanasundaram. “Given this, Experian will calibrate its scores to ensure that any non-payment due to moratorium is correctly captured and it does not adversely reflect on the consumer’s credit score,” he added.